If the plan is successful, Prince George’s County, Maryland, could soon become the first school system in the nation to use a public-private partnership, or P3, to fund the building of several new schools.
On Friday, the school system said it has four interested developers who will begin competing against one another for a contract that could potentially bring in close to $1 billion over 30 years.
To help guide the process, the school system hired Jason Washington as its director of public-private partnerships. Washington is the former executive director of the National Council for Public-Private Partnerships.
In speaking to the county’s Board of Education, Washington said the bidding requirements on the P3 are set, and bids are due by Sept. 14.
Click here to read the rest of the article written by Mike Murillo over at WTOP
