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The Case for Municipal Public Private Partnerships
- 1. Association of Municipalities of Ontario August 18, 2009 Association of Municipalities of Ontario August 18, 2009 The case for municipal publicThe case for municipal public private partnershipsprivate partnerships
- 2. About ForumAbout Forum • Richard A. Abboud, President & Founder • Privately held • $500 million built/bought and sold since 2002 • 4 P3’s closed - $300 million • 2 P3’s in negotiation - $350 million total • Real estate portfolio of net leased single tenant primarily office buildings.
- 3. Forum’s P3 Track RecordForum’s P3 Track Record • 6 P3s launched and selected to date • Total commitments $300 million • Ontario Power Generation, Design/Build/Lease/Operate - $12 M • City of Ottawa, Design/Build/Finance/Operate/Transfer - $22M • City of Hamilton, Co-Investment Program - $40M Target • City of Ottawa, Design/Build/Operate/Finance/Transfer, Sale leaseback, Mixed Use Development - $225M • Highway Service Centres - $300 million • Centre for Addiction and Mental Health - $50 million
- 7. Key Forum Team Participants/Suppliers Key Forum Team Participants/Suppliers Kilmer Van Nostrand Capital Partner Johnson Controls/BLJC Operations Aecon Buildings Design Builder Lemay + Doyle Architects Architect YMCA/YWCA of Ottawa-Carleton Land swap/Options/ Services Partnership Communishare 10 Local not for profits
- 8. Public Sector BenefitsPublic Sector Benefits • Execution accountability transfer • Risk transfer • Schedule certainty • Cost certainty • Private sector innovation • Capital/Operating/Lifecycle Cost optimization • Total investment of $225MM • Economic spin-off of $75.2 MM • Annual realty taxes $3.2MM • Development and Permit fees of $12.1MM
- 9. Risk TransferRisk Transfer • Driving Principle – acceptance of controllable risk • Completion risk (force majeure carve out) • Construction cost risk • Design risk • Unforeseen soils risk (except hazmat and antiquities) • Some operating risk • Mixed Use Development Schedule Risk
- 10. Public Private Partnerships A YMCA Perspective
- 11. YMCA of Hamilton / Burlington / Brantford 3 Examples of Municipal / YMCA Partnerships • Township of Flamborough • City of Hamilton • City of Brantford Other YMCA / Municipal Partnerships Factors Contributing to Successful Partnerships
- 12. Township of Flamborough • In 1997, the community desired an indoor pool • Town of Waterdown had a population under 9,000, and Township population was 30,000 • Concerns about facility design and operations expertise, capital construction costs and ongoing operating costs • Mayor had a vision beyond an “indoor pool” • Centre of the Community that would focus on children and families, go beyond basic recreation and include
- 13. Vision – Centre of the Community Programs and services would include • Variety of aquatic and wellness programs • Day camps • Youth drop in programs • Youth leadership development • Licensed child care • Adult fitness
- 14. Project Partners YMCA and Township were key partners Additional benefits of project • Proximity to elementary and secondary schools • Proximity to green space • Future urban development in area • Centre of the community for Flamborough residents
- 15. Project Overview Components of a new community YMCA • 45,000 sq ft on 4.7 acres of land • Adjacent to elementary and secondary schools • 8,000 sq ft aquatic centre with 2 pools & whirlpool • 3 “half gyms” in L shape (6,000 sq ft) • 8,000 sq ft of Health and Wellness space • 5 change rooms including Special Needs / Family • Licensed Child Care Centre
- 16. Some Benefits to the Township YMCA expertise in design, build and operate • Staff and volunteer (Board & Committee) expertise National programs in aquatics, fitness, wellness, leadership Major community capital fund raising campaign (local & regional) resulting in lower cost to Township State of the art facility open 365 days each year Facility that is open to all, regardless of ability to pay a fee Ongoing annual campaign to provide financial assistance No ongoing operational costs and no ongoing capital costs
- 17. Flamborough YMCA
- 18. Project Costing Facility opened 2001 Project costs, all in, was $12M • Township provided $4M and land • Community Campaign (local and regional) $4M • YMCA contribution $4M
- 19. Hamilton Mountain YMCA City of Hamilton’s population exceeds 500,000 Hamilton Mountain (south part of city) is major growth area Urgent need for a recreation centre Plans for a new Police Station and Library In 2002, the newly amalgamated City experienced the benefits of Municipal / YMCA partnerships Suggestion to build the three facilities together and experience possible synergies
- 20. Project Overview - Final Partners Over a 2 year period, the final project includes • Mountain Police Station • 25,000 sq ft Library • 53,000 sq ft YMCA • Hamilton Health Sciences • Skateboard Park • City of Hamilton - 12 Ball Diamonds
- 21. Library / Police / Hospital / City Partnership Benefits of community policing – community interaction Residents benefit from “one stop” community centre YMCA / Library / Skate park benefit from shared clientele Wider range of programs and services to all participants Hospital expertise and leadership in preventative medicine • Bone & joint, cardiac, cancer wellness, youth obesity Efficient capital construction and operations
- 22. City of Brantford Project – Planning Stages Project Partners • City of Brantford • YMCA • Laurier University • Nipissing University • Mohawk College • First Nations • Private Developers
- 23. Project Vision To assist with downtown revitalization, construct a new YMCA / Post Secondary recreation complex • YMCA facilities • University varsity athletic facilities • Shared instructional facilities – YMCA & Post Secondary Institutions • University residences, support facilities • Private developer partnerships for commercial investments
- 24. Why Consider Partnerships? Currently over 40 YMCA / Municipal collaborations in Canada benefiting our communities, regardless of City size including • Vancouver, Edmonton, Calgary, Montreal, Toronto, Hamilton, Niagara Falls, Innisfil Township, Wasaga Beach, Cobourg, Quinte West, Goderich Every collaboration has been a success
- 25. Monetary Benefits of Partnerships Philanthropic Revenues • Communities support effective & efficient partnerships Access to Provincial Funding • $2M from Province of Ontario for Hamilton Mountain • Provincial Recreation Infrastructure funding Access to Federal Government Funding • Recreation Infrastructure funding
- 26. Critical Success Factors Project Champions • Mayor Ted McMeekin in Flamborough • Community Leaders – Mel Hawkrigg (McMaster) • YMCA – John Mayberry (Dofasco) Shared Vision and Values among all partners • Time to develop a common vision Big Picture Thinking • Keep your eye on the Vision Trust
- 27. YMCA Learnings 50 years ago, all new YMCAs were built once money from community campaign was in the bank 30 years ago, new YMCAs built with community campaigns, operational funding and financing Past 10 years, new YMCAs built in partnership with Cities, community groups, schools, libraries and other organizations Next 10 years, in building new facilities, the YMCA will need to consider working with all of the above partners and the private sector
- 28. Thank You Jim Commerford (905) 317-4919 Jim_Commerford@ymca.ca President & CEO YMCA of Hamilton / Burlington / Brantford