Stormwater Fee Is A Boon For Prince George’s County

December 15, 2014

Prince George's officials knew the county's stormwater system was badly in need of fixing, but they also knew how expensive the work could be. That's why most jurisdictions throughout the state have neglected the work for years. The county also recognized that a dedicated source of funding such as the stormwater fee could actually leverage considerable private funding. County leaders created a first-of-its-kind, public-private partnership with a company called Corvias Solutions. The contract was signed Nov. 20. With the partnership, the county will get management services from a large private company experienced in accomplishing public sector infrastructure projects, considerable liquidity and equity financing to do the work, and real results on the ground, efficiently.

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