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Sustainability Partners pitches "infrastructure-as-a-service" to St. Louis County committee
Summary
A private funder, Sustainability Partners, told the St. Louis County Public Improvements Committee that it can finance facility repairs and new construction as an "infrastructure-as-a-service" offering that the speaker said is not public debt. Committee members asked follow-up questions about fees, scope and procurement rules.
Madam Chair opened the Public Improvements Committee meeting Thursday and invited Michael Pappas, a representative of Sustainability Partners, to present a financing alternative for county facilities.
Pappas, Sustainability Partners' representative, described his firm's model as “infrastructure as a service,” saying the approach treats capital as an operating-style utility rather than public debt. “It's not public debt,” Pappas said. “It's infrastructure as a service.” He explained the model borrows investor capital to pay for design, construction and ongoing maintenance, and bills the owner as a usage- and availability-based charge after a facility is commissioned.
The presentation outlined three core features: no charge until a facility is placed into service and accepted,…
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