Roundtable to Focus on Public-Private Partnerships with Federal Real Estate & Public Buildings
The Transportation and Infrastructure Committee’s Panel on Public-Private Partnerships (P3s) will hold a roundtable policy discussion next week on innovative approaches to delivering public buildings.
The management of federal real estate has been labeled as a “high risk” area by the Government Accountability Office (GAO) since 2003, due to a variety of factors, including the amount of excess and underutilized properties, deteriorating and aging facilities, and the use of successive operating leases for long-term space needs that can be more costly than options that lead to ownership. As a result, the General Services Administration (GSA) now leases more space than it owns.
While P3s have been used for several decades internationally and have become more common place in the United States for surface transportation projects, they remain very rare for social or public buildings. The roundtable will focus on the challenges facing federal real estate, how other federal agencies have entered into innovative arrangements with the private sector, and how P3s have been used by state and local governments for the procurement of public buildings.
The roundtable policy discussion on “Innovative Approaches to Delivering Public Buildings” is scheduled to begin at 10:00 a.m. on Tuesday, June 10, 2014 in 2167 Rayburn House Office Building. This roundtable will be webcast here.
The Panel on Public-Private Partnerships is chaired by U.S. Rep. John J. Duncan, Jr. (R-TN), and is tasked with examining the use of and opportunities for P3s across all modes of transportation, economic development, public buildings, water, and maritime infrastructure.
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