First U.S. Courthouse Delivered by Performance-Based Infrastructure Gets Financing
The agreement that will lead to replacement of the dilapidated Long Beach Courthouse has been signed between the private company selected for the project, Long Beach Judicial Partners (LBJP), and the Administrative Office of the Courts (AOC).
The AOC says that LBJP will finance, design, build, operate and maintain the new courthouse. The project company has reached financial close and expects to begin construction in early 2011, and the new building is scheduled to be completed and ready for occupancy by fall 2013.