P3s allow a private sector entity to participate in the delivery of a transportation project. ADOT has authority to partner with the private sector to build or improve Arizona transportation facilities.
A Public-Private Partnership (P3) refers to the contractual agreement between a public agency and a private sector entity that allows the private sector entity to have greater participation in the delivery of a transportation project. Using traditional project delivery methods, ADOT bears all of the risks and responsibilities for a project. Under a P3, the private partner takes on some or all of the project's risks and responsibilities.
As part of a first-ever public-private partnership designed to acquire new facilities for the agency and free up prime land for local redevelopment, ADOT recently selected Vintage Partners, an Arizona-based development firm, as the developer that will relocate and consolidate the agency’s offices in Flagstaff. This project, also known as a P3, will enable ADOT to move into new office space in Flagstaff, including new Motor Vehicle Division offices, at no cost to the department, in exchange for ADOT’s existing property at 1801 S. Milton Road. More information here.