SPOTLIGHT ON SUCCESS
PPP PROJECTS PUSH FORWARD BY PAULA BENDER PHOTOS COURTESY MOSS & ASSOCIATES
Public-private partnerships, also known as P3 or PPP, reveal a new style of funding that have activated capi - tal improvement projects at the University of Hawai‘i at Mānoa’s main campus. One is the Atherton Hall project, completed in time to welcome students for the fall 2023 semester. The other project is new construction of more student housing across Dole Street from Frear Hall, expected to be ready in fall 2025. “I always thought the university is CFO Kalbert Young. “The reason the university needed to do Atherton as a P3 project is that neither the univer - sity nor the state was willing or had the money to do them. If we had to rely on the [routine] process, that project would have been delayed.” A NEW ROLE FOR THE UNIVERSITY OF HAWAI‘I FOUNDATION the only agency that can actually point to bona-fide P3s that are actually being executed. If successful, it may prolifer - ate in other agencies as well,” says UH It’s fitting that the University of Hawai‘i Foundation (UHF) establishes its real estate portfolio with the Residences for Innovative Student Entrepreneurs at the corner of University Avenue and Metcalf Street. In the hallowed halls of upper education, this is not a new concept. Many schools have institutionally-related foun - dations (IRF) that are known for raising private support and managing the assets as endowments. With more frequency, IRFs are partnering with institutions to play a role in other areas of support such as student housing. Kalbert Young
Wasa Electrical Services Appreciates Moss Construction as a Valued Partner on the UH Manoa RISE Center .
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18 | BUILDING INDUSTRY HAWAII | OCTOBER 2023
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