U.H. RISE-ing Part I: A P3 Story

Abstract:

The vision for the U.H. RISE project seeks to bring together students from a variety of academic disciplines who have a shared interest in innovation and entrepreneurialism in a first-of-its-kind, Live-Learn-Work community. But it is not just the project’s purpose that speaks to innovation. Virtually every element of the project represents some form of innovation, from the financing and deal structure, to the way the team was brought together, to the organizational structure and ownership of the project. Much of what this project team has accomplished blazes new trails for the development of public facilities in Hawai‘i.

Long the topic of conversation and speculation, Public-Private Partnerships (P3) have been seen by many as the newest and best way to deliver impactful projects to communities throughout Hawai‘i. And while promises and opportunities are plentiful, real-world examples remain elusive. Why, if the benefits of P3s are so obvious, have we not seen dozens of P3 projects undertaken in Hawai‘i? The short but brutally honest answer is – because it is really, really hard work. In this session, learn from the group that has put in that hard work to move this incredible project from concept to concrete.

Track: ‘ELUA (Track 2) – Sustainability, Planning & Construction

Session #: 2C

Date: November 18, 2022

Time: 2:00 PM -3:00 PM

Location: TBD

AIA CEUs: TBD (LU)

Panelists:

John Han
Vice President for Administration & CFO
University of Hawai‘i Foundation
Kalbert Young, Vice President for Budget and Finance & CFO
University of Hawai‘i System
Michael Lam
Senior Vice President of Development
Hunt Development Group, Hawai’i Division

Moderator:

Lance Wilhelm, President
The Wilhelm Group
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