Nossaman LLP

Barney A. Allison

Partner

T 213.612.7847
F 213.612.7801
777 South Figueroa Street, 34th Floor
Los Angeles, CA 90017

For 30 years, clients have relied on Barney Allison for practical and strategic guidance in the public finance and infrastructure fields.

Mr. Allison offers public agencies unique expertise with specialized finance issues in infrastructure transactions.  These include the use of public and private debt, private equity and federal credit assistance – particularly the Transportation Infrastructure Finance and Innovation Act (TIFIA) and Private Activity Bond (PAB) programs.  He helps clients navigate through all elements of public-private partnerships (P3s) and other innovative project delivery methods.

Chambers-rated nationally and globally in the field of P3s, Mr. Allison is a nationally recognized bond counsel and has acted as bond, underwriter, disclosure, issuer and special developer counsel for capital improvement projects involving a wide range of revenue and funding sources.  He has guided a variety of financing transactions for bridges, tunnels, highways and toll roads; transit and commuter rail systems; and government office buildings, parking complexes and criminal justice centers.

Representative Work

  • Indiana Finance Authority – East End Crossing.  Key member of the legal team advising on a precedent-setting P3 procurement for a $1.18 billion, six-lane toll bridge across the Ohio River.  Scheduled for completion in 2017, the project broke new ground as the first P3 transportation deal that does not use TIFIA funds in its capital structure and the largest PAB issue for a P3 transportation project in the U.S.  It also features the first P3 availability project debt to receive a “flat” investment-grade rating from both Standard & Poor’s and Fitch.  The Authority contracted with a joint venture of Walsh/VINCI/Bilfinger for the DBFOM project, which achieved procurement in record time.  Financing includes $194.5 million in short-term bonds secured by milestone payments and $482 million in long-term bonds secured by availability payments.  Mr. Allison handled PAB-related matters and continues to assist with contract administration.  In 2015, East End Crossing won the International Road Federation's "Global Road Achievement Award for Project Finance and Economics."  The bridge earned P3 Bulletin International's "Best Global Road Project," and "Best Global Infrastructure Project" honors in 2014.  The structure captured several awards in 2013: The Bond Buyer named it "Deal of the Year" - a first for a P3 transaction.  The American Road and Transportation Builders Association honored East End as "P3 Project of the Year," and Project Finance International selected it as "Americas Transportation Deal of the Year."  Project Finance magazine highlighted it as "North American Project Bond Deal of the Year," and Partnerships Bulletin honored East End with "Projects Grand Prize" and "Gold Prize" for best P3 road project.  The same year, Infrastructure Journal named the project a finalist for "Transport Deal of the Year."
  • Orange County Transportation Authority – I-405 Improvement Project.  Co-leader of the legal team engaged as part of the Authority’s program management team to advise on procurement of a $900 million design-build contract for a project to add a general purpose lane and an express toll lane in each direction, as well as the conversion of an existing HOV lane in each direction, between SR 73 and I-605 in Orange County, California.  The project, the largest highway upgrade in Southern California, will relieve pressure on one of the state’s most congested corridors.  The Authority is expected to award the design-build contract in fall 2016 and construction is expected to begin in 2017.  Mr. Allison’s role includes drafting and reviewing contract and procurement documents for the project.  He is also advising the Authority in its application for a TIFIA loan which would be repaid from revenue derived from operation of the express lanes.
  • City of Los Angeles/Los Angeles World Airports – Landside Access Modernization Program at LAX.  Key member of the legal team advising on a $5 billion program to ease access into and out of the second largest airport in the United States by developing a massive consolidated rental car center, an elevated 2.5-mile automated people mover system, intermodal transportation facilities and a joint station with LA Metro’s Crenshaw Light Rail Line.  Among the matters on which Nossaman is advising are availability payment DBFOM procurements for each of the $2.2 billion APM and $1.1 billion CONRAC elements.
  • California Department of Transportation – Presidio Parkway.  Leader of the legal team that advised on this $1.1 billion project to rebuild a spectacular natural gateway connecting the Golden Gate Bridge with the City of San Francisco.  The parkway, which traverses an environmentally sensitive national park and a national historic landmark district, is the first procurement under California's P3 law and only the third highway project developed under an availability payment P3 in the U.S.  Mr. Allison advised on the DBFOM procurement and contract documents with a Hochtief/Meridiam joint venture and assisted in closing the project financing, which included $45.6 million in equity, $166.6 million in senior bank loans and a $150 million TIFIA loan.  When the project was challenged in a lawsuit, he kept it on track and assisted Caltrans in its successful response.  The project, which opened to traffic in July 2015, captured many honors: “Americas P3 Deal of the Year” from Project Finance International; “North American P3 Deal of the Year” from Project Finance magazine; “P3 Project of the Year” from the American Road and Transportation Builders Association; “Best Real Estate Deal of the Year” from San Francisco Business Times; and finalist for “Best Global Transport Project of the Year” from P3 Bulletin.
  • City of Indianapolis – Marion County Justice Center.  Key member of the legal team that advised on all aspects of this innovative availability payment P3 project to consolidate the City's criminal justice functions into a single efficient center.  The plan, one of the first of its kind for a justice complex, called for $500 million of up-front design, construction and financing costs to shift to a private partner responsible for operating, maintaining and upgrading the facility for 35 years.  The 1.2-million-square-foot facility combined a new adult detention center with a community corrections facility, courthouse, sheriff's department offices and new surface parking facilities.  The City released an RFP to three shortlisted teams in June 2014 and selected a preferred bidder in December 2014.  After successfully completing negotiations with the bidder, the mayor and City staff recommended awarding the project and advancing to commercial and financial close.  The City Council, however, decided not to move forward with the complex and cancelled the procurement.  Mr. Allison was primary counsel responsible for drafting the public-private agreement and analyzing and resolving finance issues.
  • Texas Department of Transportation – Highway 161.  Advisor on financing this design-build project – a $1.1 billion, 11.5-mile extension of the President George Bush Turnpike that opened in 2012.  A Fluor-led joint venture developed the project, a joint effort of the North Texas Tollway Authority and TxDOT.  Mr. Allison negotiated and drafted a toll-equity loan agreement with NTTA, settling the terms by which TxDOT will advance state funds to cover eligible project costs.  He also advised on the assignment of NTTA's rights under the design-build contract as security and counseled the client regarding its inter-creditor arrangement with TIFIA.
  • San Joaquin Regional Rail Commission – Altamont Commuter Express Commuter Rail Project.  Bond and disclosure counsel in connection with financing this 86-mile commuter rail service that connects Stockton with burgeoning job opportunities in the Silicon Valley.  In 2011, ACE began construction of a $65 million equipment maintenance and layover facility on the north side of Stockton.  A portion of the financing was issued as "Economic Recovery Zone Build America Bonds." 
  • Orange County Transportation Authority – 91 Express Lanes.  Special counsel in connection with issuance of tax-exempt toll road revenue refunding bonds to refinance existing taxable bonds.  The 10-mile stretch of four toll lanes within the median of an eight-lane freeway connects rapidly growing residential areas in Riverside and San Bernardino Counties with major employment centers in Orange and Los Angeles Counties.  The project marked the world's first fully automated toll road using electronic transponders to collect tolls.  In 2003, OCTA bought the 91 Express Lanes from the concessionaire, a Cofiroute/Kiewit/Granite joint venture.

Awards & Honors

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Individual recognition for Projects: PPP - Nationwide, Chambers USA, 2014 and 2015

Southern California "Super Lawyer" for Government Finance Law, Los Angeles magazine, 2014 and 2015

"Top 30 Real Estate Attorneys," Los Angeles/San Francisco Daily Journal, 2012

Barney A. Allison
Bio Photo

Practices

Education

J.D., University of Southern California School of Law, 1979

B.A., Amherst College, 1976, with honors

Admissions

California

Professional Affiliations

National Association of Bond Lawyers

Transportation Research Board: Revenue and Finance Committee

Awards & Honors

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Individual recognition for Projects: PPP - Nationwide, Chambers USA, 2014 and 2015

Southern California "Super Lawyer" for Government Finance Law, Los Angeles magazine, 2014 and 2015

"Top 30 Real Estate Attorneys," Los Angeles/San Francisco Daily Journal, 2012

     
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