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What Drives Public-Private Partnerships and the Risks to Be Aware of

July 2, 2015

As the nation struggles to repair, maintain, and expand its infrastructure, public-private partnerships are gaining traction as a strategy for delivering traditionally “public” services. Public-private partnerships (or P3s) are touted on the idea that public projects can benefit from the … Read more

Emerging Themes in Environmental Finance

June 2, 2015

The core of our work at the Environmental Finance Center at UNC is helping communities tackle the challenges of paying for environmental services. The environmental finance issues that we address are as complex as they are varied, and as an organization … Read more

The Triangle: Best Place to Live, Work, Play… and Innovate for Water Quality Protection?

March 3, 2015

North Carolina’s Research Triangle has for years been featured on the list of seminal bests. Raleigh, Durham, Cary, and Chapel Hill are some of the most educated, economically prosperous, family friendly, sustainable, and high-performing cities in the country. The area is even known for happy marriages, rockin’ music scenes, and tasty food. All of these distinctions have helped the Triangle, particularly Raleigh, achieve prominent spots on Forbes 2014 list of America’s fastest-growing cities.

These great features have drawn hundreds of thousands of new residents to the Triangle and its surrounding regions. Researchers at the Renaissance Computing Institute (RENCI) at UNC Charlotte estimate that the population in the Triangle and Rocky Mount areas grew by more than 1 million between 1976 and 2005, a surge of nearly 90 percent. During that time, RENCI found that land development increased nearly 570 percent, from 39,743 developed acres to 264,883 developed acres.

This rapid urbanization has significantly impacted surface water quality in nearby Jordan and Falls Lake and the Upper Neuse River Basin. The 2009 Jordan and Falls Lake clean up rules are estimated to total $750 million and $1.5 billion, respectively. Though the rules have been delayed, larger cities such as Cary, Apex, Morrisville, and Durham could bear the brunt of these costs. The Upper Neuse River Basin rules also place nutrient reduction limits on new development in Durham, Johnston, Orange, Wake, and Wayne counties.

Breaking News: MS4 uses P3 for TMDL!

December 2, 2014

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. … Read more

Encouraging Property Investments with Stormwater Fee Credit Programs

October 29, 2014

Greentown, USA wants to join some of its large older city peers such as Washington and Philadelphia that are rebranding themselves as Green Environmental Cities. Greentown wants to become the greenest small town in the country and would like to encourage property owners across their town to plant more trees, convert their rain shedding roofs into rain absorbing green space, and dig up their pavement and replace it with rain gardens and other stormwater systems that reduce run-off. They have started a media blitz promoting this green transformation, yet progress has been painfully slow. Older shopping centers like Southside Center continue to produce torrents of rainwater runoff laden with oil and trash that pollutes the area’s waterways. Retrofitting existing space is costly and property owners have other competing needs for their scarce renovation dollars, and education alone only goes so far in promoting transformation. The city council is deadlocked between a contingent that wants to enact regulation that requires older properties to “Greenify” and a contingent that thinks the city should just use public grants to incentivize the transformation. Greentown, like many communities across the country, is stuck. What’s the solution?