McAlister Development Company (MDC) has an extensive track record of business ventures that merge the public realm with the private sector. Whether collaborating with local government/ municipal entities OR working with university/ college institutions, MDC has a proven background of successful projects.
The needs of the public institution can certainly vary, and the role of the private sector can be many. While each project will have its own unique needs and circumstances, the role of the private sector is to cater to those needs and execute in a nimble, effective, and efficient manner. The services the private sector can provide are: Consultant, Construction Management (horizontal and vertical), Property Management, and Equity Owner. These services are customized for each project and can be utilized separately or combined as determined by the project needs and objectives.
The primary benefit of the public-private partnership is the segregation of expertise. The public sector knows what it needs and the private sector knows how to navigate the complexities of project development and guarantee prompt delivery of a successful project. The advantages of utilizing the private sector are numerous; and experience in deal structure, finance, design, construction, execution, and management is invaluable. These advantages result in successful projects that are delivered: on a quicker timeline, at lower costs, with greater financial flexibility, with more efficient decision making, with greater accountability, and with experienced execution, to name a few. A partnership with the private sector can realize tremendous benefit for the public institution as projects can proceed off the institution’s balance sheet as well as minimizing risk to credit rating and/ or debt limits.