That was quick.
The proposals have arrived for Harrisburg’s incinerator and parking assets, just weeks after former city receiver David Unkovic asked a group of finalists to submit their formal bids.
Last month, the receiver’s office released the names of the bidders, though the details of their bids remain confidential.
Originally, five parties expressed interest in bidding for the city’s incinerator. Unkovic winnowed that list four, and now three companies have actually submitted proposals.
They are:
- Cambridge Project Development, Miami
- Interstate Waste Services, Ramsey, N.J.
- Lancaster County Solid Waste Management Authority (LCWMA)
Originally, 14 companies hoped to bid on a long-term lease of Harrisburg’s valuable parking assets. Unkovic narrowed that list to 12, and now eight companies have actually submitted proposals. They are:
- Boenning and Scattergood, West Conshohocken, Pa.
- Harrisburg First LLC
- Harrisburg Forward LLC
- Harrisburg Parking Partners LLC
- Morgan Stanely/ Central Parking, New York
- National Development Council, New York
- Northwest Financial Group, Jersey City, N.J.
- Ontario Teachers’ Pension Fund/ Imperial Parking LLC, Toronto
Originally, five companies wanted to manage Harrisburg’s water/ sewer system. Unkovic selected four companies to make bids, and all four have submitted proposals. They are:
- Aqua America, Bryn Mawr Pa.
- CH2M Hill, Englewood, Colo.
- Pennsylvania American Water, Hershey
- United Water Environmental Services, Harrington Park, N.J. with Kohlberg Kravis Roberts & Co. LP
The receiver’s office, currently being administered by Fred Reddig, an official with the state Department of Community and Economic Development, now will consider the proposals and may open formal negotiations with one or more of the companies.
Unkovic had hoped to conclude a deal for the assets by mid-June. The turmoil in the receiver’s office, including the possible appointment of a new receiver, could push that timeframe back.
Under a state-appointed receiver, Harrisburg is seeking to sell the incinerator and lease its parking assets to retire some $317 million in debt accumulated over many years due to multiple upgrades, some botched, to the incinerator.
