Plenary-Edgemoor Civic Partners was awarded a $530 million public-private partnership (P3) contract to design, build, finance, operate, and maintain (DBFOM) the new Long Beach Civic Center. This is the city’s second P3 for public building construction. The city’s new courthouse opened in 2013 and was delivered through a $390 million DBFOM P3 contract. These DBFOM contracts will be repaid with interest over the next 40 years.
