Attachment B_JMU Development Briefing Document.pdf

This is a Development Briefing Document prepared for James Madison University (JMU) as part of a Public-Private Educational Facilities Act (PPEA) process, specifically supporting the JMU-P3-2026 Detailed Phase Request for Proposals in Virginia. The document outlines a proposed mixed-use development project on JMU's campus involving the construction and operation of student housing, retail space, and parking facilities. The project scope includes demolition of existing structures, construction of approximately 600-700 student housing units across multiple buildings, ground-floor retail and dining establishments, and structured parking to replace surface parking. The RFP is limited to offerors who were shortlisted during the Conceptual Phase, with the Detailed Phase requiring comprehensive technical proposals, financial models, and operational plans for the development, financing, and management of the facilities over an extended concession period.

The briefing document establishes that this is a performance-based partnership where the private partner will be responsible for design, construction, financing, and long-term operations and maintenance of the facilities. The project is anticipated to be funded through private capital and operational revenues, with JMU retaining ownership of the land and facilities. The development is expected to enhance campus infrastructure while generating ongoing revenue streams for the university through ground leases and revenue-sharing arrangements. Key considerations include adherence to JMU's master plan, compliance with local zoning and building codes, sustainability standards, and provisions ensuring student housing affordability and accessibility. The concession term will extend for a significant period to allow the private partner to recoup investment and generate returns through operational management and ancillary revenue sources.