Public-private partnerhips (P3) are collaborations between public agencies and private businesses to plan and execute development projects. Keyser Marston has long been a pioneer in structuring creative Public Private Partnerships (P3)- specializing in the evaluation and negotiation of transactions that achieve the goals and objectives of both the public sector as well as the private development partner.
The development of affordable housing has become a primary objective of communities throughout California. KMA offers valuable services that assist clients in creating an inventory of successful affordable and workforce housing. KMA has expertise helping layer and structure complex affordable housing transactions, as well as implementing market-based inclusionary programs.
Public and private entities frequently find it advantageous to retain professionals with real estate expertise to help formulate asset management strategies in order to maximize the value of their assets. KMA has significant expertise in this area; we work with clients to evaluate medium and long-term occupancy and business needs, real estate consolidation or expansion, identification of surplus properties, and highest and best use analyses.
KMA actively advises clients on the establishment of successful public benefit zoning programs. These programs provide developers with increases in density, height, floor area ratio, etc. in return for providing community benefits that mitigate the impacts created by the intensified zoning. KMA also assists clients in creating programs that allow for changes in use in return for offsetting community benefits.
Securing funding for new public facilities and infrastructure has always been challenging, but has become even more vexing with the dissolution of redevelopment agencies and the loss of redevelopment financing. One of KMA’s core services is developing creative, successful, financing plans. We evaluate the feasibility and appropriateness of a full spectrum of tools and tailor a structure for each specific circumstance.
Teams of multidisciplinary professionals are frequently assembled by public sector clients to prepare Specific and General Plans. Specific Plans are a tool to help implement policies of the General Plan and the individual development proposals in a defined area. Keyser Marston frequently collaborates with other experts in the creation of these vital planning documents.
Successor Agencies of former redevelopment agencies must address the increased complexities of post-redevelopment finance and accountability. Keyser Marston has the expertise to provide this assistance. Prior to redevelopment dissolution, Keyser Marston was retained as a fiscal consultant to provide independent financial analyses in the issuance of new and refunded tax allocation bonds (totaling over $4 billion), and continues to provide fiscal consulting services.