Advantages of Public-Private Partnerships
How dreams get to reality in the public realm.
While no two projects are the same, in general, here’s how CFP3 gets things done.
The video on the right explains, in greater detail, how CFP3 and its partners help get a project financed and built under the 501(c) (3) tax-exempt P3 structure. Not interested in the details? The three-phased approach below describes the general process and the advantages of public-private partnerships.
1. CFP3 forms a limited liability company to build and own the project—and to work with you in designing a new building or acquiring and refinancing an existing facility.
2. An appropriate local governmental body/authority issues Tax-Exempt Lease Revenue Bonds and lends the proceeds of the bonds to CFP3 to build or refinance the facility.
3. The appropriate entity or group of entities (city, county, state, school, college, nonprofit, etc.) leases and operates the project for the term of the bonds and owns the project after the bonds are repaid.