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CSU Public Private Partnerships

CSU Public Private Partnerships. March 12, 2014. Public Private Partnership Projects. G. Paul Storey , Executive Director, Foundation, CSPU Pomona Dr. Steven Lohr, Chief, Land Use Planning and Environmental Review, CSU Chancellor’s Office. Public Private Partnerships-Agenda.

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CSU Public Private Partnerships

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  1. CSUPublic Private Partnerships March 12, 2014

  2. Public Private Partnership Projects • G. Paul Storey, Executive Director, Foundation, CSPU Pomona • Dr. Steven Lohr, Chief, Land Use Planning and Environmental Review, CSU Chancellor’s Office

  3. Public Private Partnerships-Agenda • Purpose of Public-Private Partnership (P3) projects • Benefits of P3 projects • Examples of P3 projects • CSU P3 process • Request for Proposal (RFP) • RFP evaluation criteria • Cal Poly Pomona Innovation Village

  4. Public Private Partnership Projects • Long-term contractual relationships that use or develop campus real property • Purpose: Further the educational mission of the campus through the acquisition of physical assets, income and/or educationally related opportunities for students and faculty • Often involves ground lease from CSU to campus auxiliary, which then subleases to a third party developer to design, construct and finance agreed upon development plan

  5. Benefits of P3 • Provision of development which university could not develop/fund on its own • Utilize private sector which has successful experience in projects in certain projects • Preserve bond capacity for other critical campus projects • Facilitate integration of students into university life

  6. Examples of P3 Projects in Higher Ed. • On university property: Mixed-use projects; office-commercial development; hotels • On private property (UC): Research, medical office, housing • Other public agencies • Cal Poly Pomona: Innovation Village

  7. CSU P3 Process • Step 1: Project Initiation • Identify aspirations for development • Land Development Review Committee (LDRC) • Step 2: Concept Approval • Board approval of concept • Authorization to identify development team and negotiate terms

  8. CSU P3 Process • Step 3: Project Scope/Due Diligence • Select development team and negotiate terms • Due diligence effort • Land Development Review Committee (LDRC) • Compliance with California Environmental Quality Act

  9. CSU P3 Process • Step 4: Final Approval • Submission to CO (due diligence; terms) • Approval by Board (CEQA, Master Plan revision, Non-State Capital Outlay revision; development terms; design plans) • Step 5: Execution of Development Agreement

  10. Request for Proposal (RFP) Process • Selection of development team • Issuance of RFP • Evaluation of developer qualifications • Selection of “short list” of proposers • Provision of more detailed proposals • Selection of development team

  11. Examples of Evaluation Criteria • Ability to secure financing; financial strength • Experience and expertise of development team • Ability and experience in constructing, marketing, leasing and operating comparable properties • Experience with P3 projects • Commitment to spirit of development concept • Furthering educational mission of campus

  12. The California State University www.calstate.edu

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