A.P. Carlton, a nationally renowned expert on Public Private Partnerships (PPPs) briefed civic and business leaders today about the advantages and benefits for the US Virgin Islands in utilizing PPP’s, their impact on the Territory’s economy and workforce, as well as the regulatory environment.
Speaking to the Rotary Club of St. Thomas Sunrise, Mr. Carlton pointed out how the strategic utilization of private partnerships for public needs could assist and accelerate theconstruction of schools, hospitals, prisons and roads.
Mr. Carlton’s timely speech comes after the recent campaign and State of the Territory Address where the deJongh Francis Administration has heralded the advantages to develop PPPs. Also, with passage of Congressional property tax legislation, the Territory’s Legislature will be able to authorize legislation for Tax Increment Financing (TIFs), a key component to the development of PPPs.
A.P. Carlton, a Partner in the international law firm Kilpatrick Stockton LLP, has a long career in corporate law with an emphasis on public private partnerships, regulated industries, corporate and public finance, financial and nonprofit institutions, and public policy. He is past president of the American Bar Association, was organization counsel for three U.S. Virgin Islands based financial institutions, was counsel for one of the largest public-private development partnerships in the Southeast US, and was counsel for one of the largest public-public joint venture projects in the Southeast US.
Since 2004, Tom Bolt & Associates, P.C., one of the largest law firms in the United States Virgin Islands, and Kilpatrick Stockton LLP, a full-service, international law firm with nine offices across the United States and in Europe, have engaged in a joint venture. This joint venture allows both firms to lend expertise within various practices areas, enhancing our superior service to clients.
For more on Mr. Carlton and Kilpatrick Stockton LLP, go to www.kilpatrickstockton.com .
For more on Tom Bolt & Associates, P.C., go to www.vilaw.com