Public-Private Partnerships 101: Corvias’ Geoff Eisenacher Says P3s May be Only Option for Cash-Strapped Universities

RALEIGH, NC -- Universities are in need of capital, but the solution is not as simply raising tuition and fees. Enter Public-Private Partnerships, which according to Geoff Eisenacher, Vice-President of Business Development at Corvias Campus Living, might be just what the doctor ordered to help universities get the ball rolling on a backlog of projects. In this CAPRE Insider Report, we highlight some of Eisenacher's remarks as to why P3s are becoming more in vogue with universities of various sizes -- especially in North Carolina. "I would not say that North Carolina is as mature of a P3 operation as states such as Texas...but specific to student housing, a number of the state schools have been dipping their toes into the P3 arena as of late," began Eisenacher during his remarks, Exploring the Ins and Outs of Public-Private Partnerships Between Academic Institutions and Third-Party Developers at CAPRE's Carolinas Student Housing Forum this Spring, before listing some of the most exciting developments as of late in the Tar Heel State. "Western Carolina just awarded a project on their Millennium Campus. We’re in the process of delivering a project in partnership with North Carolina Central, at Durham. Balfour-Beatty is in the process of delivering a project at UNC Wilmington. RISE is in the process of delivering a large development at Appalachian State University in Boone," he listed. "And there are a number of other state schools that we know are kind of nipping around…