East End Crossing Named "Deal of the Year"
Nossaman would like to congratulate the Indiana Finance Authority ("IFA") for East End Crossing's recognition as "Deal of the Year" by The Bond Buyer, awarded during its annual event held at the Waldorf Astoria hotel in New York City. Recognizing the innovative P3 approach to project delivery and financial structure for a major US infrastructure project, The Bond Buyer selected the East End Crossing as the first P3 transaction to win the award.
The $1.2B East End Crossing, a portion of the $2.6B Ohio River Bridges project, one of the largest transportation undertakings in the U.S. and the first availability payment P3 for the Indiana Finance Authority, will improve connecting roadways and provide a new $1.18B toll bridge across the Ohio River between Indiana and Kentucky, connecting I-265/KY 841 with S.R. 265.
Kendra York, Public Finance Director for the state of Indiana, accepted the award, noting Governor Mike Pence's commitment to using tools such as P3s to foster economic development and to improve the lives of residents of the Hoosier state.
This recognition comes on the heels of the East End Crossing winning the ARTBA "Project of the Year," just one of a sweep of awards during the 25th anniversary awards dinner, which also recognized Ms. York as "Public-Sector Entrepreneur of the Year" and Matt Walsh, among the equity members of the winning East End Crossing concessionaire/developer team.
A Nossaman team that included Corey Boock, Barney Allison, John Smolen, and Evan Caplicki advised the IFA on the East End Crossing project.