Are public/private partnerships the right choice for financing your campus projects and new facilities?
Increasing demands for capital expansion, combined with a continued weak economy, make partnerships with private entities an attractive option for financing new campus facilities. But before forming partnerships, an institution must understand various structures and options, as well as possible implications of the partnerships on risk profile, debt capacity, credit rating, and even town-gown relations.
Join us in Milwaukee to learn how you can build partnerships with builders, financiers, property managers, and your community that will help minimize your institution’s financial risk and bring new opportunities to your physical campus. This program will cover a variety of financing models and delivery methods and highlight a diverse sample of recent campus projects.
Our team of expert instructors will present practical advice and information on the following:
There is also an optional post-conference workshop titled "The Smart RFP." See the complete agenda for details.
Interested in contributing your expertise to this program? There are still opportunities available to facilitate and sponsor select sessions and networking breaks throughout this conference. Contact Patrick Cain, assistant conference director, at 720.988.1263 or email@example.com to learn more.
This interactive conference was designed specifically for business officers, directors of capital planning, and real estate management professionals, as well as institutional leaders with facilities, finance, or planning responsibilities. Institutional leaders, including presidents or trustees with facilities, finance, or planning responsibilities, will also benefit.
Institutions that are updating or developing campus master plans, are considering the use of a private partner to fund facilities, or are in the early stages of establishing a private partnership to fund facilities will benefit most from this conference.
Recommended CPE Credits: 12.0 for main conference, 3.5 for workshopProgram Field of Study: Specialized Knowledge and ApplicationsPrerequisites: NoneDelivery Method: Group-Live
Academic Impressions is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be addressed to the National Registry of CPE Sponsors, 150 Fourth Avenue North, Nashville, TN, 37219-2417. Website: www.nasba.org
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After attending this conference, you will be able to make more informed decisions concerning your project and institutional goals.
The opening lecture session on the first day of the conference will define public/private partnership structures and provide an historical context for the increase in use of these types of projects to fund facilities at colleges and universities. You will leave this session with an understanding of why public/private partnerships are beneficial to the institution, which projects are most amenable to this method, and how the economic climate has changed processes and projects.
Preparing for P3 projects includes identifying goals, resources, and, perhaps most importantly, key players. It is imperative that campuses include both on- and off-campus constituencies as part of this project-planning process, and these constituencies should ultimately collaborate in the planning and integration of projects. In this session, you will learn how to identify, communicate with, and include internal and external stakeholders in the planning of public/private partnership projects.
Rating agencies evaluate the credit impact that any given P3 project will have on the affiliated university. In this session, you will learn how Moody’s analyzes credit risks associated with these transactions, including the effect on an institution’s credit profile and debt capacity. You will leave this session with strategies for working with rating agencies as you contemplate entering into P3 partnerships.
During these lunch roundtable discussions, you will have the opportunity to discuss questions specific to your projects with the program facilitator of your choice.
With every P3 structure and ownership model comes a set of financial alternatives. In this session, you will learn the ramifications associated with basic financing options and traditional bond options. You will also discover the latest financing trends and how the current economic conditions may affect your bond issue.
Building on the content of the previous lecture session, this session will focus exclusively on equity financing options. You will leave this session with an understanding of the benefits and drawbacks of equity financing.
Your project is planned, financed, built, and ready to open, but who will operate it? The final session of the afternoon will provide you with an overview of best practices for developing sound operating agreements for your projects.
The initial process case study on the morning of day two will showcase one institution’s recently completed public/private partnership project. Taking a step-by-step approach through their decision-making and project-completion process, the facilitators will also share why the public/private partnership model was right for their institution.
The second process case studies on the morning of day two will highlight various public/private partnership projects from institutions across the country with a particular focus on campus services, such as parking or dining.
The final case study of the morning will investigate the public/private partnerships process and structures for projects beyond the scope of housing facilities. Examples will include academic, athletic, and other student recreational facilities.
Organizing a successful P3 project requires the ability to communicate the project to potential partners through the RFP. Designing the document should not be left to the lawyers, even though a lot of required boilerplate language is necessary. In this workshop, we will discuss the key decisions you must make before crafting your RFP, and we will offer a checklist to help you outline an RFP that includes considerations for both on-campus and off-campus projects. We’ll also examine emerging trends in public/private partnership agreements and how these trends should impact your RFP.
In advance of the workshop, you’ll receive a reading list of sample higher education RFPs to help you develop more detailed questions. Following the workshop, you’ll be able to incorporate key components into your RFP into the achievement of project and institutional goals.
Sarah Blouch presides over CampusParc LP, the entity formed to manage university parking concessions—including the transaction recently closed at The Ohio State University. Prior to moving to CampusParc in September, Sarah was the executive director of Transportation and Parking Services at The Ohio State University for 17 years. In this role, Sarah oversaw the development and implementation of the long- and short-term campus transportation network , including campus traffic patterns, traffic signals, wayfinding signage, and the development, promotion, and operation of alternative transportation options.
During her years at OSU, new parking programs were developed and implemented; campus transit doubled; and six new garages were designed and built incorporating new design techniques and operating ideas. She has been working in the parking and transit industry since 1980.
Jay Brown leads the Public Sector Real Estate Services practice specializing in strategic, transactional, and public/private real estate services to government and quasi-government entities. With over 23 years of public sector and real estate experience, Mr. Brown has performed and overseen numerous public-private transactions and asset repositioning strategies to help public sector clients generate revenue, reduce costs, and create jobs.
Mr. Brown is an active participant in several public-private real estate associations, including the Urban Land Institute’s (ULI) Public Development & Infrastructure Council, the Association of Defense Communities (ADC), National Council for Public-Private Partnerships (NCPPP), and the Federal Real Property Association (FRPA).
Neil Calfee has over 15 years of experience in development and management of complex development projects involving partnerships between government entities and the private sector. Whether located in a downtown or the heart of campus, these projects have dramatically changed their environments and served as catalysts for new growth and revitalization. Neil is currently the principal of NPC Group, a company specializing in the creation and negotiation of Public/Private Partnerships, serving both the private and public sectors. He has previously served as the Director of Real Estate Development for Arizona State University, and prior to that as the Redevelopment and Revitalization Manager for the City of Tempe, Arizona.
Neil also serves on numerous municipal boards and trade groups dealing with economic development, corporate real estate and affordable housing. Neil received a bachelor’s degree in Urban Planning and an MBA, both from Arizona State University.
Carol Dollard is an Energy Engineer and Sustainability Facilitator at Colorado State University. In her nearly 15 years there, she has helped make University operations more sustainable. These efforts include: seven photovoltaic installations totaling over 5,500 kW, a biomass plant that burns wood chips, 11 LEED Gold buildings with more pending, and a wide variety of energy and water efficiency projects. She has implemented projects through a broad spectrum of funding models ranging from direct allocations to third party partnerships with power purchase agreements. In addition to working on implementing projects on campus, she leads a team that conducts the University’s annual greenhouse gas inventory and produces biannual updates to the CSU Climate Action Plan. Carol received her MSME from Colorado State in 1990. She is a licensed Professional Engineer and a LEED AP.
Dennis is a member of rating committee for the higher education, not-for-profit, healthcare, and states rating teams and has direct analytical responsibility for a diverse portfolio of institutions, including large public university systems, complex academic medical centers, and nationally prominent not-for-profit organizations throughout the United States.
Dennis has authored several publications including those on donor support for higher education, tuition pricing, and liquidity as well as the rating methodology for not-for-profit cultural institutions.
Mr. Gilbride focuses his practice on large, multifaceted commercial real estate development projects. He co-chairs Hodgson Russ’s College & University Practice Group and has significant experience in public/private partnerships, student housing development, construction and financing, hotel acquisition and financing transactions, nonprofit-sponsored real estate development projects, sports facility leasing and development, industrial development agency projects, commercial real estate financing transactions, and commercial leasing. Mr. Gilbride also devotes a portion of his practice to construction law matters, regularly representing owners and developers in construction and architect contract negotiations.
Mr. Gilbride is a member of the National Association of College and University Attorneys. He recently authored "P3 Development at Public Colleges and Universities: A Big Picture Perspective" for a National Association of College and University Attorneys conference.
Edmond Hurst has extensive experience structuring and funding higher education transactions for both public universities and private colleges, including assisting in evaluating economic considerations of P3 financing alternatives.
Edmond develops and implements securities transactions throughout the country to provide funding for a variety of project types and sizes. He has served Crews clients for more than 20 years. Edmond’s primary focus is public finance where he provides municipal bond underwriting and lease financing services to state and local municipalities and non-profit corporations.
Jim G. Short is responsible for providing public/private solutions to colleges and universities nationwide. In this role, Mr. Short presents capital and structuring expertise to the higher education market for a variety of on-campus development projects including student housing, parking facilities, classroom and administrative buildings, and other infrastructure needs.
Prior to joining Balfour Beatty Campus Solutions, Mr. Short served as the US division president and board chairman for Campus Living Villages, a national leader in the privatized management and development of on-campus student housing, part of a global student housing network spanning the United States, Australia, the United Kingdom, and New Zealand. In this role, he was responsible for company integration following mergers, assembly of business development teams, overseeing two new developments and six acquisitions, and growth of the company from $36 million in revenue from fiscal 2006 to $81 million in revenue for fiscal 2011.
Jason Taylor has more than a dozen years combined experience in consulting, project management, and marketing communications – all focused on campus housing. He has worked with more than 70 educational institutions, not-for-profit foundations, and private developers on issues related to demand and feasibility, program development, financial modeling, and other aspects of planning and operations.
Mr. Taylor has participated in numerous presentations, symposia, and panel discussions at regional and national conferences of organizations for student housing and higher-education professionals in the United States and Canada. He has authored an opinion article on changes in the rating agency view of affiliated student housing projects and co-authored a white paper on non-traditional student housing partnerships.
Earlier, as a public affairs and marketing advisor for University Housing at the University of Michigan, Mr. Taylor coordinated the marketing and public relations efforts of the sixth-largest campus housing system in the United States.
Mark Grambergs is a vice president of real estate development for EdR with more than 25 years’ experience in commercial mixed-use development. He is EdR’s development lead on the transformation of the University of Kentucky’s student housing program, which will redevelop up to 9,000 beds on Kentucky’s campus over five years at an investment of approximately $500 million. He came to EdR in 2010 from a career in the retail development world that comprised more than 5 million square feet of commercial space valued at more than $1 billion. He has served as a real estate attorney for JC Penny, and as a development vice president and partner at CBL & Associates and Poag & McEwen, respectively. He received his Juris Doctor from the University of Georgia School of Law and received his B.A. from Georgia State University.
Mr. Wilson is a vice president of real estate development, responsible for overseeing day-to-day details of the entire development process for collegiate housing facilities, including projects for clients and EdR’s own portfolio. He formerly was responsible for all financial analysis required for development projects. Mr. Wilson began his career with EdR in 2005 as a leasing manager. He also has experience as a commercial loan credit analyst with a subsidiary bank of First Merchants Corp., where he analyzed financial statements to create cash-flow and debt-servicing schedules for borrowers and guarantors in order to mitigate bank risk.
Hyatt Regency Milwaukee 333 W. Kilbourn Avenue Milwaukee, WI 53203
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The rate is $119 for single or double occupancy, plus applicable tax.
A room block has been reserved for the nights of January 26 and 27, 2014
Make your reservations prior to January 5, 2014. There are a limited number of rooms available at the conference rate. Please make your reservations early.
Hyatt Regency Milwaukee is located in the heart of downtown, within steps of the Frontier Airlines Center, U.S. Cellular Arena, Milwaukee Theatre, and the BMO Harris Bradley Center. It is also a short walk away from shops, art galleries, restaurants, the Shops at Grand Avenue, and more. Guests can stroll down our new Riverwalk and see the best of Milwaukee! Plenty of off-site dining, nightlife, and entertainment are only steps away. Unwind with a visit to our complimentary 24-hour fitness center.
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