Mission & Specializations
Mission
Asset Monetization
An asset monetization is a public to public or private transaction that enables the redeployment of capital (recycling of capital) tied up in non-core assets to mission critical purposes – that may include academic programs, municipal services, debt reduction, deferred maintenance, new asset construction or expanded transportation services or even pension fund liabilities.
Asset recycling is an innovative approach that when done well, can benefit communities in need of infrastructure upgrades and improvements while allowing these communities to invest in infrastructure projects that are otherwise difficult to fund or finance.
By utilizing a P3 approach to monetization, ownership of the public asset does not change hands and is required to be handed back at the end of the term in good condition (ensuring proper whole-of-life maintenance).
Embedding defined operating and service standards ensures the adoption of new technologies, private sector operating efficiencies and a high level of customer satisfaction.
Taken over the whole of life of the concession – private sector operating, capital project efficiencies, funded maintenance and risk management can result in overall lower lifecycle costs by as much as 30 percent over traditional procurements.
Structuring a Successful P3
A successful public-private partnership (P3) monetization is more than just the math.
A low cost of capital is one criterion but there are equal or more important ingredients to a successful P3, including:
- A long-term partner (relationship & fit)
- Experience with the asset sector
- Reliable brand ambassador
- Operating expertise & technology
- Capital projects expertise
- Alignment over a long-term relationship
Our team will work closely with the public sector entity during the evaluation process to identify common goals, align interests and share knowledge and expertise in order to structure a concession solution that maximizes the monetization potential of the revenue stream and enhances the overall user experience.
Moreover, our analysis will include optimization of the long-term asset life cycle costs and efficient operation of the infrastructure asset for the benefit of its users to ensure the best possible “first and last impression” for users and other stakeholders of the asset while safeguarding the grantor’s brand.
Specializations
Parking Assets
Parking assets connected to specific demand generators such as universities, airports, healthcare, stadiums & event centers, municipal & transit systems are considered infrastructure by virtue of the essential service they provide to the specific demand generator.
Monetizing parking assets can provide new sources of capital to fund growth, new construction, address deferred maintenance and/or to recycle capital to institutional mission critical programs.
EV Charging Infrastructure
The Federal Government’s EV charging legislation, in conjunction with other grants, are super-charging the build-out of a national charging network infrastructure. The legislation lends support to the development of public / private partnerships for state-wide highway and city & municipal charging networks as well as installations on campuses at universities, airports, healthcare and event centers.
Highway Service Plazas
Highway service plazas provide the traveling public and commercial drivers convenient locations to rest, refuel, shop and eat along the route – with fast food and quick serve dining and retail options offered in each plaza. The fuel, food, shopping and EV chargers provide revenues that can support public / private funding project delivery to create, upgrade or expand such service plaza networks.
Truck Rest Stops
“Jason’s Law,” was established to provide a “national priority on addressing the shortage of long-term parking for commercial motor vehicles on the National Highway System to improve the safety of users and to provide for electronic log compliance by commercial motor vehicle operators.” Legislation was introduced to create a dedicated source of funding to build more truck parking spots on the U.S. federal-aid highway system. This supports the development of Design, Build, Finance, Operate & Maintain (DBFOM) project delivery structures.
Solar Canopies
Solar panel covered parking lots allow cooler covered parking, an ability to power up electric vehicles and generate alterative environmentally friendly energy. Solar panel covered garages provide similar benefits and may also reduce or eliminate the costs of de-icing and snow removal from garage rooftops. Energy savings and the opportunity to charge premium parking rates for covered parking can support a concession-based revenue model.
Smart City Applications
Cities are increasingly investing in technologies and data driven solutions around congestion, road & air travel, transit, mobility, connected & autonomous vehicles, EV charging, micro-mobility & mobility as a service and transportation hubs. In many cases public / private partnerships can be a part of those solutions.
Multi-Modal
In this age of technological transportation advancement, parking assets often have the potential to be multi-modal, providing parking and high demand locations for the aggregation of train, bus, taxi, rideshare, TNC, bike, scooter and even VTOL terminal space.
Mobility Hub Projects
Mobility hub projects connect citizens and neighborhoods to a variety of different transportation networks are typically anchored by parking. These projects underscore a more streamlined, integrative approach to transportation and can be designed to blend seamlessly into residential and commercial amenities; including retail amenities, dining options, office space, workforce housing and parking facilities.
Last-Mile Infrastructure
As a result of exponential growth in the online economy and the lack of inner-city space to aggregate online orders or to build pickup or delivery centers, cities and campuses are increasingly congested and downtown parking garages can make ideal last-mile infrastructure.
Technologies
We have a keen interest in new and emerging technologies which have the potential to disrupt traditional transportation sector business models and to improve our abilities to influence and measure user experience.