ANNAPOLIS, Md., Oct. 15, 2018 /PRNewswire/ -- The Concourse Group
LLC (Concourse) has been engaged by the Maryland Department of
Transportation (MDOT) to provide advisory services for Public
Private Partnerships (P3), Transit Oriented Development (TOD), and
Real Estate projects within the State, under a 3-year
contract.
Concourse specializes in implementing innovative financing and
delivery mechanisms for vital infrastructure projects, and
utilizing P3s to leverage the expertise and efficiencies of the
private sector and mitigate risk for the State when undertaking
large transportation infrastructure projects. The P3
statute under Maryland law
authorizes MDOT to pursue potential P3s to establish a predictable,
streamlined, and transparent process for innovative project
delivery; permit a more collaborative, multi‐phase solicitation
process; and balance the risks and revenue sharing between the
public and private sector.
MDOT enters into Transit-Oriented Development (TOD) agreements
to create new, and improve existing, compact, walkable,
pedestrian-oriented, mixed-use communities centered around
high-quality transportation systems. TOD's often involve
complicated infrastructure requirements, utilization of
publicly-owned real property, and complex issues requiring
multifaceted real estate and financial analyses.
Concourse has been engaged by the MDOT to provide a wide range
of advisory services including financial analysis, market analysis,
negotiation assistance, and assistance with real estate-related
policy development and oversight. The real estate assistance
includes supporting the acquisition, disposition, leasing, and
development of real property.
Tom Shea, partner at Concourse
said, "Since 2001 we have provided P3, real estate, and development
consulting support nationally – in 42 states, with projects valued
at over $14 Billion. With our
headquarters in Annapolis,
Maryland, we are thrilled to now be a key consultant for MD
DOT in our own back yard."
About The Concourse Group
The Concourse Group, with
offices in Maryland, Washington DC, Colorado, and California, was founded in 2001. We are
an accomplished consulting firm committed to improving its client's
real estate, energy, utility, and operational infrastructure.
Our clients are federal, state, and local governments; universities
and colleges; and housing authorities who are driven, in the face
of budget constraints, to recapitalize their assets, effectively
manage their resources, and in many cases implement Public Private
Partnership (P3) programs.
For More Information Contact:
Tom Shea, Principal
(202) 262-0453
203259@email4pr.com
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SOURCE The Concourse Group, LLC