Public-Private Partnership Opportunities for the San Francisco Bay Area Rapid Transit District Report Prepared by Peyser Associates LLC Bay Area Council Economic Institute Roy Kienitz LLC Pursuant to BART Agreement No. 6M6064 March 2013 Acknowledgements This report has been prepared by the teams at Peyser Associates LLC, the Bay Area Council Economic Institute, and Roy Kienitz LLC under contract to the San Francisco Bay Area Rapid Transit District (BART). It is intended to serve as a broad survey of opportunities in the area of Public-Private Partnerships (P3) for BART leadership to explore. Our writing is based on our varied experience in transportation and economic policy in the Bay Area and nationally and on research we conducted in recent months. Our research included interviews with several members of the BART staff; key leaders in the agency; and other transportation, real estate and investment experts in the region and in the federal government. We would particularly like to thank BART General Manager Grace Crunican for commissioning this work and for making available to us her management team and staff. In addition, we are very appreciative of the efforts of our own team members in researching and writing this paper, including Beth Boehlert at Peyser Associates; Peter Luchetti, Megan Matson and Dana Marohn at Table Rock Capital; and Robert Goldsmith and Jay Mancini at G&S Realty Ventures. We look forward to a robust discussion of our findings and recommendations. Peter A. Peyser Peyser Associates LLC New York, NY 646-688-2720
[email protected] Sean Randolph Bay Area Council Economic Institute San Francisco, CA 415-981-7117
[email protected] Roy Kienitz Roy Kienitz, LLC Washington, DC 240-595-8828
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