On November 5, 2021, Congress passed a $1.2 trillion bipartisan infrastructure bill known as the Infrastructure Investment and Jobs Act (the Bill). The Bill includes $550 billion in new spending on infrastructure over the...more
On November 5, 2021, Congress passed a $1.2 trillion bipartisan infrastructure bill known as the Infrastructure Investment and Jobs Act (the Bill). The Bill includes $550 billion in new spending on infrastructure over the...more
11/10/2021
/ Airports ,
Biden Administration ,
Bridges ,
Broadband ,
Drinking Water ,
Electric Vehicles ,
Infrastructure ,
Popular ,
Public Transit ,
Railways ,
Roads
Ted Gibbs of The Walsh Group, Ltd. contributed to this article.
The primary vehicle for allocating design and construction risk in a public private partnership (P3) using the design-build-finance-operate (DBFOM) P3 model...more
The 2017 Tax Cuts and Jobs Act provides tax incentives for investments in “Opportunity Zones,” in an effort to promote economic development in selected communities. Investors can reduce by up to 15 percent taxes on existing...more
11/7/2018
/ Capital Gains ,
Community Development ,
Economic Development ,
Investment Funds ,
IRS ,
Opportunity Zones ,
Popular ,
Qualified Opportunity Funds ,
Real Estate Development ,
Real Estate Investments ,
Tax Cuts and Jobs Act ,
Tax Incentives
The 2017 Tax Cuts and Jobs Act provides tax incentives for investments in “Opportunity Zones,” in an effort to promote economic development in the selected communities. Investors can reduce by up to 15 percent taxes on...more
Public-private partnerships (P3s) continue to attract favorable political and media attention, particularly as public entities search for solutions to the infrastructure crisis facing U.S. states and local governments. While...more
A construction contract without a changes clause is like a boat without a captain. The boat will never reach its destination, and the construction project will never reach proper completion. The changes clause protects owners...more
More companies are now using arbitration agreements to manage class-action risk. Several recent U.S. Supreme Court decisions have made it possible for companies to use arbitration to resolve disputes while managing...more
In the Drew County case, a public hospital authority in Arkansas incurred more than $100,000 in design fees from the design-builder before realizing its design-build contract was prohibited by Arkansas competitive bidding...more
The Supreme Court of Pennsylvania recently rejected the Pennsylvania Department of Transportation’s Innovative Bidding Tool-kit, including its best-value design-build process for failing to comply with competitive bidding...more
Earlier this month, the Congressional Budget Office published a study entitled Using Public Private Partnerships to Carry Out Highway Projects. The study addresses two issues: 1) can design-build and PPP models provide...more
On December 6, 2011, New York Governor Andrew Cuomo announced an agreement among state legislators to enact the New York Infrastructure Fund Act, a $1 Billion jobs program aimed in part at New York’s ailing roads and bridges....more