to seek a qualified consultant to provide Cal Poly Pomona with adequate services for identifying various public financing options for predevelopment expenses and infrastructure implementation for Lanterman. This aims to achieve financing of pre-developme

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This state and local contracting opportunity is a Request for Proposal (RFP) issued by California State Polytechnic University, Pomona (Cal Poly Pomona) to seek a qualified consultant to provide services for identifying various public financing options for pre-development expenses and infrastructure implementation for the Lanterman project. The Lanterman project is a 300-acre former hospital complex owned by Cal Poly Pomona, which the university envisions developing into a university-related mixed-use community. The selected consultant should have experience in municipal bond and public financing vehicles related to land use planning, project entitlement, and infrastructure programs. The scope of work includes a start-up meeting, analysis of public finance options for pre-development costs and infrastructure costs, and potential assistance with implementation of a selected public finance option. Proposals are due on August 15, 2024, and the term of services is expected to commence on September 2, 2024. The evaluation criteria will consider the consultant's methodology, relevant experience, pricing, and references.

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The RFP includes small business and disabled veteran business enterprise (DVBE) participation requirements and preferences. Cal Poly Pomona aims to identify financing approaches that offer a lower cost of capital and faster timelines compared to current private sector equity and debt options, with preliminary estimates suggesting pre-development costs of $6 to $15 million and infrastructure costs of $75 to $80 million. The RFP does not mention any incumbent vendors or current contractors, and there is no indication of existing infrastructure or technology that requires integration.