Just in case you aren’t up on your stormwater finance acronyms, the long version of today’s blog post is A Municipal Separate Stormwater System (MS4) uses a Public Private Partnership (P3) to address a Total Maximum Daily Load (TMDL) Regulation. Still confused? Put in terms of environmental goals, the punch line of this story might be: County partners with a private company to improve the quality of water in the Chesapeake Bay!
There are many ways that local government stormwater programs work with private property owners and private companies, but few if any arrangements are as large and comprehensive as what was entered into by Prince George’s County, Maryland last month. Prince George’s signed several agreements with a private company to oversee a massive stormwater management retrofit program involving 2,000 acres of County owned property (with an option to increase to 4,000 acres). Under the agreement, the County agrees to pay the company $100 million dollars to oversee all aspects of design and implementation of stormwater best practices including planning, public involvement, procurement, and construction management. The agreement includes a host of financial incentives for environmental success and local economic development that are part of the overall concept of employing the strengths and profit motive of a private company to more efficiently achieve public goals. Continue reading