“New York is the Capitol of Capital: Let’s Get to Work!”
Brewster, N.Y. – (8/21/12) –Senator Greg Ball (R, C – Patterson) said, “New York is the capitol of capital, and our current inability to proactively fund vital infrastructure projects, small and large, is simply inexcusable. This week’s roundtable will explore how availability and access to public private partnerships (P3’s) would better enable New York to finance public works projects like the Tappan Zee Bridge while reducing the burden on federal, state and local taxpayers as well as commuters and ratepayers. We live in a powerful state that is the home to the greatest financial market in the world. The search for federal debt based funds and our clamoring to finance the transit option on the Tappan Zee Bridge is symptomatic of a previous lack of out of the box, creative thinking and innovative finance models. I applaud the Governor for his continued leadership in fast forwarding the stages of development for this critical infrastructure initiative. With the Tappan Zee Bridge, we have a local example, where a public private partnership arrangement, had it been made available by legislation, may have been enormously helpful in securing the dollars necessary in an appropriate timeframe. There are over 30 other states already using P3 legislation (Public Private Partnerships) and it is well beyond the time for New York to take the lead in this important arena.”
The Public Private Partnership Roundtable will be held on Thursday, August 23rd from 1:00 PM – 2:30 PM at the Mount Kisco Library. Click here [2] for more information about Thursday’s PPP Roundtable.
For more information or to speak with Senator Ball, please contact Joe Bachmeier: (845) 200-9716.
###
