Long Beach City Eyes Mega-PPP

Affirming the value of performance-based development of social infrastructure, the City of Long Beach, Calif., plans to shortlist taxable or exempt teams by August 13 for a 30-year DBFOM redevelopment of its city hall, library and a historic park, plus other revenue-producing assets (http://www.lbds.info/civica/filebank/blobdload.asp?BlobID=3936).

A specific project goal cited in the RFQ announcement is to ensure that the city’s cost to operate and occupy the new 300,000-sq-ft City Hall is no greater than its current cost. These costs are estimated at $12.6 million annually, which includes off-site annual lease costs of $2.13 million.


About Bill Reinhardt

Editor of Public Works Financing newsletter
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