P3 symposium aims to unlock California
“Why not California?” asked one speaker, addressing the central question of Opportunities and Challenges of P3 Delivery in California, the second panel discussion at the Squire Sanders March 2014 P3 Summit in San Francisco.
California is the eighth-largest economy in the world with an annual GDP of $2 trillion. But with an estimated infrastructure gap of $765 billion, according to the Berggruen Institute on Governance, and no way to come up with the funds in the state budget, many are amazed that it has had such a low volume of public-private partnerships.
Facilitating more P3s in the state was the focus of the panel, which included R. Sean Randolph, president and CEO of the Bay Area Council Economic Institute; James W. Martling, partner with Sperry Capital; Mark Whitely, of the Royal Institute of British Architects and principal with CannonDesign; Stefan Parche, president of Amber Infrastructure North America; and Peter Luchetti, board me