A few weeks ago I went to a conference in Miami on infrastructure private-public partnerships, or ‘P3s’. We’ve written plenty about the pitfalls of P3s that don’t have strong public protections. I learned at the conference that Miami has big plans. We’re paying close attention and helping local advocates ensure that these plans to rebuild Miami serve taxpayers, workers, and families, not just private investors.
Miami-Dade Mayor Carlos Gimenez spoke at the conference and made it clear that his vision includes privatizing essential public goods. “It used to be Miami-Dade County wanted to operate everything,” Gimenez said. “I don’t want to operate anything.” He talked about tapping the private sector to finance, build, and operate a new transit line and courthouse. A P3 for a new water treatment plant is already underway.
Miami is growing fast and has real infrastructure needs. At the conference, officials from the city and surrounding Miami-Dade County pitched project ideas to almost 300 contractors, developers, and financiers looking to build and operate infrastructure, like water systems, transit, courthouses, and jails.
We should demand P3s that serve taxpayers, workers, and families, not just private investors.
There’s no doubt that Miami needs to innovate to keep up with growth, eliminate poverty, and prepare for climate change. But progress can be made without handing over control to private corporations for decades.
The surest way to do that is to use public, tax-exempt financing, which provides the most flexibility for agencies and is the lowest cost of capital. But if legislators feel the need to tap the private sector to finance projects more quickly, then the public deserves more for that higher cost. We should demand:
- Public control. Infrastructure should be operated and maintained by public employees accountable to the people of Miami.
- Access to the middle class. Training and pathways into the new public jobs for low income Floridians and other people shut out of the growing economy, like veterans, people who have been incarcerated, and young people.
- 21st century infrastructure. Maximum environmental sustainability and climate resiliency.
- Affordability for all. Fees and rates that are accessible to low-income families.
Infrastructure is the foundation of our society, a lifeline and connection for our communities, and an economic driver for the region. Every infrastructure project—financed publicly or privately—should protect and expand this core public good. Our roads, transit, water systems, and other core public facilities are too important to all of us.
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