Prince George’s County Education & Community Partners consortium selected for Prince George’s County, Maryland, schools alternative construction financing project
Following a competitive procurement process, Prince George’s County Public Schools (PGCPS) has selected Prince George’s County Education & Community Partners as the preferred proponent to design, build, finance, operate and maintain six public schools in Prince George’s County, Maryland, as part of an alternative delivery approach.
The Prince George’s County Education & Community Partners consortium comprises:
- Developer: Fengate Asset Management (Fengate) and Gilbane Development Company
- Design-Build Contractor: Gilbane Building Company
- Designer & Architect of Record: Stantec
- Services Provider: Honeywell
Fengate is managing this investment on behalf of the Fengate Core Infrastructure Fund III and its affiliated entities, including an investment fund owned by LiUNA’s Pension Fund of Central and Eastern Canada.
PGCPS is among the 20 largest school districts in the United States and located minutes outside of Washington, D.C. The school system features 207 schools and centers, and serves a diverse student population from urban, suburban and rural communities, resulting in rapidly growing enrollment rates that strain the current facilities. PGCPS has the second oldest school facilities in Maryland and a large percentage of its buildings need replacement or complete renovation. Through the PGCPS Department of Capital Programs, this partnership will help address these critical needs by constructing six new schools and bringing them online for the 2023-2024 school year.
This innovative delivery approach is the first of its kind for a U.S. public school system and designed to accelerate the delivery of critical school facilities, while advancing economic inclusion goals through diverse and local business utilization.
“Prince George’s County Public Schools is proud to take a major step forward in our work to address aging school buildings with transparency and accountability,” said Dr. Monica Goldson, Chief Executive Officer, PGCPS. “Schools are at the heart of neighborhoods and communities around the world. We are excited about the commitment from Prince George’s County Education & Community Partners to be a true partner in designing, building and maintaining world-class schools. We also offer special appreciation for the support from families, students, educators, Board of Education, County Executive Angela Alsobrooks, County Council, state legislative delegation and business community in doing what we must do for our students.”
“We are honored to be selected to deliver this much-needed infrastructure that will help meet the needs of Prince George’s County and its students,” said Mac Bell, Managing Director, Infrastructure Investments, Fengate. “We look forward to working with Prince George’s County Public Schools to design, build, finance, operate and maintain six efficient and much-needed public schools, and to help provide an environment geared for academic success for their students and staff.”
The project is expected to reach financial close in December 2020. The project is subject to negotiation of definitive agreements between and/or among the applicable parties. The contract cost will be announced publicly following financial close. Construction is targeting 30% minority business enterprise participation with 20% directed to community-based businesses, creating 3,000 jobs. For additional details, please visit www.pgcps.org/newsroom. For all quotes from the consortium, please visit the prnewswire.com page.