CU Denver’s dean for the School of Public Affairs, Paul Teske, says the P3 model is commonly used to fund roads, like the construction of toll lanes on U.S. 36 and recent reconstruction.
One thing struck him as odd about the airport deal was the length of the contract.
"When it goes bad, I think it gets worse because they’re not just a contractor, they’re a partner and you have to unravel all of those elements,” said Teske.
Despite any questions about the use of public-private partnerships, Teske does not think the model is going away. He thinks we will actually continue to see it more.
“I think we’re going to continue doing it. It’s hard for government to raise the capital for these giant projects and in a growing state like Colorado. We need more infrastructure; we need to repair the infrastructure,” he said.
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