P3 Partnerships: The One Thing I Keep Hearing
by Patrick Cain (Academic Impressions) The Current State of P3’s in Higher Ed “We simply need to isolate a revenue stream.” This recurring sentiment from a recent Academic Impressions conference on Financing Campus Facilities through Public Partnerships seems to at once highlight the challenge and the innovation that has defined the swift evolution of P3’s in the higher education sector. When public/private partnerships burst onto the higher education scene nearly two decades ago, residence halls were the clear choice for this type of alternative financing. The immediate revenue stream generated from student housing fees made the partnership viable for both parties, and soon, these partnerships were cropping up all over the sector. As competition for students increased and capital project funding decreased for most over the next few decades, however, it became more and more apparent that public/private partnerships could serve an institution beyond the realm of residence halls. What’s Exciting Right Now (And What You Need to Keep in Mind) Our 7th annual event a few weeks ago in La Jolla, CA served to highlight just how far this ingenuity has come, and the nearly 80 attendees representing institutions from across the sector left the conference motivated to explore […]
