Last year we brought you an update on the state and local infrastructure funding proposals passed by voters in the November elections. We now examine President Obama’s “Build America Investment Initiative,” designed to facilitate the use of innovative financing and private capital to help state and local governments deliver needed infrastructure projects. On Jan. 16, 2015, the Obama administration announced additional new steps that it is taking to support the Initiative. This Alert provides an overview of these steps and the ongoing implications for public-private partnerships (P3s).
* Special thanks to Kelsey Berkowitzˇ for her assistance in creating this Alert. ˇ Not admitted to the practice of law.