Three firms bid to look at public-private partnership for north of Union project
Published Saturday August 23rd, 2008
Development Winning bidder would determine if P3 would be beneficial
B4John Mazerolle
Telegraph-Journal
SAINT JOHN - Three companies have put their name forward to help determine whether a public-private partnership is feasible for the north of Union project.
The job of the eventual winning bidder "is to determine whether it would be beneficial for a public-private partnership to proceed," said deputy city manager Pat Woods, a member of the police-justice steering committee. "And if it is, how to do it so that the city's interests are protected."
The request for proposals was made on July 24, and closed Thursday. The city's purchasing agent, David Logan, said the three bidders were Deloitte & Touche's Toronto office, PricewaterhouseCoopers' Montreal office, and the Saint John office of Ernst & Young.
The successful bidder will likely be chosen in the next two to four weeks, Logan said.
The north of Union project is an approximately $100-million development that will see the construction of a provincial justice building, a new police headquarters, a parking garage, an outdoor park and plaza, and the refurbishment of the exterior of the Saint John Arts Centre.
The city's portion of the price tag, if no public-private partnership is found, would be approximately $50 million.
The $47-million justice building is a provincial project and a public-private partnership, also known as a P3.
The private company will construct, own, finance and operate the new facility and lease it back to the province.
The deputy city manager said the company would determine different partnership options and who the potential investors might be.
The firm the city hires is not allowed to be part of the public-private partnership itself.
Woods said the outside help was a necessity. "We just don't have the experience or expertise," he said.
The north of Union plaza will also go through a new round of public presentations and consultations, next Tuesday and Thursday at the Arts Centre. Presentations begin at 7 p.m.
"We want to explain how we've responded to the first round of consultations and see if we missed anything," Woods said. A public input form is currently on the city's website,
www.saintjohn.ca.
In March, after sometimes testy public consultations, city manager Terry Totten suggested changing the location of the police station and the parking garage, saving more of the heritage buildings at the site, and focusing more on biking and public transit. The project's leadership has since altered the plan accordingly.
link:
http://telegraphjournal.canadaeast.com/city/article/394651