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Transactions - FEBRUARY 23, 2023

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Ridgewood Infrastructure signs water treatment P3 with IDE Technologies

by Kali Persall

Ridgewood Infrastructure and IDE Technologies, a company specializing in advanced water treatment, have closed a public-private partnership with the City of Fort Lauderdale, Fla., to design, build and operate a new 50 million-gallon-per-day water treatment plant.

The new Prospect Lake Clean Water Center will replace Fort Lauderdale's Fiveash Regional Water Treatment Plant, which is nearing the end of its useful life. The facility will be designed with a focus on sustainability, using state-of-the-art nano-filtration and ion-exchange technology.

“We are thrilled to be partnered both with Fort Lauderdale and IDE, and to have the opportunity to support the modernization of this community's critical water infrastructure,” said Ross Posner, managing partner of Ridgewood Infrastructure. “Ridgewood's approach to this public-private partnership embodies the spirit of multiple stakeholders working together to benefit the people of Fort Lauderdale.”

The Prospect L

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