Monetization and Public/Private Partnerships

Today, many owners are simultaneously facing budgetary shortfalls and credit limitations and therefore are seeking alternative ways to finance essential infrastructure projects such as parking facilities. The alternative financing sought is often coined as a Public/Private Partnershipwhich is also known as a P3, PPP, or Privatization. Through this alternative form of financing, a contractual agreement between a public agency (federal, state or local) and a private sector entity is developed, specifying the ownership and operational risks and responsibilities of the public and private sector entities.. Monetization is a form of a P3 and includes the process of converting or establishing something, such as a parking asset, into legal tender. The monetization of parking assets is gaining momentum as airports, cities, and universities struggle to close budgetary shortfalls.

Current and prospective owners and operators of a parking facility want to understand their revenue upside and potential liabilities and they need someone to quantify these so that they can properly budget for operations and negotiate monetization transactions. If you are pursuing such a transaction as an owner, financial advisor, operator, or investor, and need technical support, Walker Parking Consultants Can Help. We specialize in parking infrastructure monetization transactions.

Through our design of 5,000+ parking facilities and restoration of 7,500+ parking structures, our engineers understand how to quantify the current condition of a facility by identifying necessary repairs and estimating repair costs. Moreover, we perform life cycle cost analyses to educate current and prospective owners on what to expect in the way of future ongoing maintenance and repair costs. We also understand parking operations. Our team of consultants has decades of experience in the first hand operations of parking facilities. This means that we can often identify the upside potential and downside of parking facilities or systems. We understand the rates that the market will bear and the rates that will maximize operating revenues, strategies for collecting additional revenues, and more efficient ways of operating parking facilities. We understand because our staff members have operated attendant assist, self, and valet parking for most any type of land use. Following are the services that we have provided in the capacity of a technical advisor:

Condition Assessment Market & Financial Analysis Facility Operation Manual Facility Maintenance Manual Facility Drawings Slab Testing & Investigations Environmental Assessment Property Inventory Energy Survey

Utilities Assessment Remaining Service Life Calculations Replacement Cost Analysis Roadway Testing Facilitated Bidder Tours of Assets Participation in Bidder Meetings Request for Qualifications Request for Proposals Procurement Assistance

Walker has 14 offices coast to coast to serve you with an entire array of experience in all aspects of the industry. We employ financial analysts, parking equipment and operations specialists, planners, architects, and civil, electrical, mechanical, restoration, and structural engineers, many of whom have P3 experience. We have been retained for thousands of engagements involving consulting, parking design, and parking facility and building façade restoration engineering. If you need an independent third party to provide technical support and guidance, we would be pleased to hear from you.

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Download case studies: Airport Monetization Chicago Public Parking System Harrisburg P3 Invesco Real Estate City of Indianapolis City of Pittsburgh

Download White Paper: Monetization of Public Transportation Assets Considering Privatizing American City and County