With public budgetary constraints and market pressure, the financial success of many major economic development and infrastructure projects often hinges on the availability of public and private investments. Public-private partnerships (P3) have the potential to bring market efficiencies to traditionally public projects by leveraging private sector expertise in design, construction and procurement with public sector financial tools such as bonds, loans, tax credits, grants and other economic development incentives.
Munsch Hardt’s P3 attorneys are renowned for their experience in representing public bodies, investors, lenders, contractors and entrepreneurial real estate developers in all phases of P3 projects – from initial concept, structuring, tax advice, financing and development through bidding, construction and compliance.
There are few other teams in Texas that have a dedicated practice to this niche area, allowing our team to provide comprehensive advice on all stages of public-private projects, including due diligence review, negotiating and drafting agreements, securing financing and incentives, as well as secondary market acquisitions and subsequent refinancing and managing the more traditional real estate aspects of the projects.