How a Public-Private Partnership (P3) Can Fund Your Project
As implementation efforts to address stormwater quality grow, along with the associated costs, alternative funding mechanisms become even more critical. One solution agencies turn to are Public-Private Partnerships (P3), specifically in the context of regional water quality projects. This presentation will describe what P3s are and how they work, how to identify opportunities, and an example project that was funded through a P3. Agencies have opportunities to participate in P3s when significant new/re-development is planned in an area where there are opportunities to catch regional stormwater because developers are required to mitigate impacts to stormwater from their development and fund individual efforts at a minimum. There are opportunities to partner with these developers in an effort to maximize benefits and funds.
This discussion fits in with the “Dollars and Sense” tract, as P3 is an alternative funding mechanism that may be used to support regional stormwater quality project implementation. In some instances the agency can request a certain amount of funding to go towards a regional project in the vicinity of the development, such that mitigation required due to new/re-development is addressed, along with an increased capture area. Additionally, there are opportunities to utilize private land for stormwater structures, without the need for any acquisitions. Using P3s provides a good public perception, as the public observes large entities working together towards a common goal. Public disturbance may also be minimized by the implementation of one larger project as opposed to two smaller distributed ones.
The City of Culver City (City) is implementing the Washington Boulevard Stormwater and Urban Runoff Diversion Project (Project) to address discharges from the City within the Marina Del Rey (MdR) Watershed. This Project involves a P3 between the City and warehouse-club giant Costco and was identified in the MdR Enhanced Watershed Management Program (EWMP). This Project is an exemplar P3 scenario used to support a local stormwater program in Southern California. The P3 process associated with this Project, along with the lessons learned, will be discussed during the presentation in an effort to inform and inspire other agencies whom are struggling with having enough funds to support stormwater quality implementation efforts. The audience will take away a new understanding of how P3s work and how they can be used to support stormwater projects.
This topic is extremely relevant to CASQA Conference attendees, as many agencies are faced with increasing stormwater program implementation funding demands. This topic also will assist consultants in thinking about opportunities to better serve their community and clients. Total Maximum Daily Loads (TMDLs) exist throughout the state, all of which require implementation efforts to mitigate water body impairments. These implementation efforts all come at a cost. It is important to understand how to maximize available funds and identify alternative funding sources throughout the region. An inspiring PowerPoint with clear graphics will be shared during the presentation to engage the audience to create an interactive experience.