Fengate celebrates dual wins at P3 Awards
Fengate Asset Management (Fengate) is pleased to announce that the Clackamas County Replacement Courthouse Project (the project) has been honoured with two awards at this year’s P3 Awards: Best Social Infrastructure Project and the Environmental Impact Award.
Fengate representatives were on site at the awards ceremony in New York City on October 24, 2024, to represent the project.
“The Clackamas County Replacement Courthouse Project exemplifies how the public and private sector can collaborate effectively to address the pressing need to decarbonize and revitalize infrastructure,” said Karl Schaefer, Clackamas County Courthouse Replacement Project Executive at Fengate.
“Fengate embeds environmental, social and governance (ESG) considerations in every project, and we are proud to see the courthouse project recognized for its positive environmental and social impact.”
The project addresses the pressing need to replace the existing courthouse – originally constructed in 1936 to service a population less than 50,000 – with new infrastructure that meets modern sustainability standards and is equipped to support the needs of a growing population of more than 420,000.
The new courthouse targets LEED Gold certification and incorporates several sustainability features to improve environmental performance, including photovoltaic panels, high-efficiency equipment and the electrification of systems. Once operational, the project aims to reduce electricity use by 53.4% and natural gas use by 88.1% from the baseline – a total target greenhouse gas (GHG) reduction of 62.2% every year.
Fengate-led consortium, Clackamas Progress Partners, was awarded the contract to design, build, finance, operate and maintain the new 257,000 square foot courthouse in 2022. Construction is scheduled to be complete in 2025.
Fengate is managing this investment on behalf of the firm’s infrastructure investors, including the LiUNA Pension Fund of Central and Eastern Canada.
View the full list of 2024 award recipients here.
Read Fengate’s firmwide 2023 Sustainability Report on our website.
