Steve T. Park

P3 deals have evolved since debut in the United States state and local government market. These structures, when properly executed, can mitigate or eliminate significant risks facing our state and local governments. At times P3 strategies can actually increase financial risk. So when does the strategy of a successful P3 actually mitigate risk: by shifting the risk of owning and operating a governmental enterprise. Since every new lease or concession transaction involves unique circumstances, this still immature market demands flexibility and innovation. What are the best examples for issuers to consider? This panel will help address the critical question of "Should I undertake a P3 transaction?", and explore successful strategies to identify, shift and monitor significant ownership and operational risks with an eye on the costs savings such strategies can achieve

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