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Miami-Dade Keeping up with National P3 (Public-private Partnership) Trends

Miami-Dade Keeping up with National P3 (Public-private Partnership) Trends
Friday, June 13, 2014
Related Practices & Jurisdictions
Florida | New Miami Blog

As discussed in our last post about national and local developments in public-private partnership (P3) legislation, Florida is keeping up with the P3 trend and Miami-Dade County is not far behind. Miami-Dade’s  as an option for providing much needed transportation solutions to the County. We recognized the impact that using a P3 could have for bringing the Baylink transit system to fruition, and it seems that the CITT has as well.

Miami-Dade Public Transportation

As a growing city with extensive transportation needs, it should not be hard for Miami to court private investment for such transportation projects. Whether it’s to travel to the beach or to watch a show Downtown, expanded public transportation could offer an alternative that would be difficult for residents and visitors to overlook.

Encouraging the use of P3s in Miami can allow for Miami to be the beneficiary of the latest, most state-of-the-art technologies, adding to its appeal as a tourist attraction. These new technologies can not only cement Miami’s place among other world-class cities that have extensive transportation systems, but also foster an environment that champions progress and innovation. P3s can serve to alleviate the budget constraints that would otherwise prevent the transformation of Miami and enable the pursuit of projects that are not only needed, but greatly desired.

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