University of South Florida

Tampa,

Campus Public-Private Partnership Development Advisory Services

In 2014 the University of South Florida selected Brailsford & Dunlavey to provide public-private partnership development advisory services to evaluate and facilitate the redevelopment of several on-campus student facilities. B&D also was tasked with assessing various public-private partnership development structures available to the University. B&D’s scope of work included a strategic visioning session with key University administrators, through which B&D identified and prioritized key objectives that guided decision making throughout the planning process. B&D then led focus group meetings, issued a web-based market survey, evaluated survey responses and future market demand, assessed the off-campus market, and developed an outline program for feasible new facilities. Additionally, B&D analyzed siting options that might accommodate the expansion of residential, retail, recreation, dining, and parking on campus. Finally, an evaluation of the University housing system’s financial position included a detailed examination of deferred maintenance and the University’s plan to address operations.

B&D determined that existing campus facilities were unable to meet current and future market demand. Furthermore, the campus location that best addressed the University’s targeted objectives was the Andros property, which was home to more than 1,000 residents distributed throughout the nine low-rise, residential facilities. B&D recommended redeveloping this site to accommodate a new residential village. A well-defined approach would be needed, as the removal of revenue-generating beds from the USF existing housing system required refinancing existing bonds. Ultimately, a phased approach was suggested as the optimal solution, as the systematic redevelopment of the Andros property would allow for the removal of targeted existing residential facilities in a manner that would minimize the effect on the financial system.

The future mixed-use village will incorporate 2,125 beds primarily targeted for first-year and sophomore students; a 15,000 square foot residential dining facility; a 25,000 square foot indoor recreation facility and outdoor pool; 6,000 square feet of small-shop retail space; and parking At the conclusion of the project definition phase, B&D developed a project-specific financial model that quantified various public-private partnership structures available to the University. B&D then assisted the University in developing the public solicitation process issued for prospective partners, and continued serving during the negotiations and approvals phases. Pending approval by the Florida Board of Governors, the project will be delivered in two phases, beginning with the opening of Phase I in the fall of 2017.

THE CURRENT AND FUTURE IMPACT OF P3 DEALS ON CAMPUS AND COMMUNITY RECREATION CENTERS

Presented by Peter Isaac and Ann Drummie at the 2015 Athletic Business Conference & Expo

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BOG COMMITTEE PPPROVES ANDROS VILLAGE

. . . The B&D report found that the university’s housing need would be approximately 6,000 beds in
the Fall of 2017.

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NEW DORMS: FLORIDA UNIVERSITIES BUILDING PLUSHER DIGS TO LURE STUDENTS

A 2014 study by the program management firm Brailsford & Dunlavey found . . .

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