Monday 9 November 2015

To grow public-private partnerships, Miami-Dade needs greater buy-in from corporate players

In the nascent years of Miami Beach, Miami and Coral Gables, Carl Fisher built a rail line across Biscayne Bay, Mary and William Brickell built mansions south of the Miami River and George Merrick built parks and pools and trolley lines and canals for the “City Beautiful.”

By and large, those enterprises are believed to have been self-financed, with the help of other private investors. While the state of Florida financed facilities to attract more tourists in the 1920s, historians say it was the private sector that provided most of the financial strength that fueled South Florida’s growth.

Now, the private sector is again in the mix to help make essential critical infrastructure improvements possible.

Embedded in Miami-Dade County’s proposed budget and capital plan for fiscal year 2015-16, is a $250,000 allocation for consulting designed to help launch private-public partnerships to strengthen the region’s flagging infrastructure. Those partnerships, public officials say, are essential if the county is to meet the challenges of expanding badly needed transportation equipment and corridors, upgrading water and sewer systems overwhelmed by sea level rise, and rejuvenating rapidly deteriorating courts and jails. Airport and seaport facilities, as well as parks, libraries and museums also are on the list. For the full article click here 



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