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$800M Blueprint Schools Project to Build, Finance 8 New Schools
Prince George’s County Public Schools (PGCPS) has achieved financial close with Progressive Education Partners for the $800 million Blueprint Schools Phase II Project. JLL is the lead consultant and financial advisor for this innovative public-private partnership (P3).
The PGCPS Blueprint Schools Phase II project utilizes a collaborative P3 to deliver eight new schools, totaling 1.03 million square feet of space, to meet the needs of their more than 131,000 students and 22,000 employees.
Progressive Education Partners consists of Equity Members, Plenary Americas US Holdings Inc. and Ellis Don Capital Inc.; MBE Equity Member, Phoenix Infrastructure Group Investments LLC; Lead Contractor, MCN Build Inc.; and Lead Service Providers, US Facilities Inc., Ellis Don Facilities Services and RSC Electrical & Mechanical.
“With the success of Phase I delivering six schools in under three years, we are incredibly excited to help bring forward the next eight schools in Phase II,” said Lindsay Stowell, Executive Vice President, Government and Education, JLL.
