Oregon Institute of Technology (OIT) is eyeing a potential P3 project.
Private partners will be sought to deliver a multi-story mixed-use facility, with up to 100,000sq ft of space, with affordable housing, laboratories, an innovation center, and communal and retail areas.
According to the tender, the authority is to utilize a long-term joint partnership, specifically mentioning P3 as an option and stressing the need for risk mitigation and optimization.
The advisors will help the university with due diligence on its business model decision, requesting “robust knowledge of and expertise” in P3s.
Responses are due November 20, 2023. The tender can be found by clicking here.