Project Finance MVP: Nossaman's Patrick Harder
Nossaman Partner Patrick Harder was profiled by Law360 in December 2014 after being selected as a Law360 MVP for Project Finance. Mr. Harder was one of a handful of attorneys recognized nationally as a Project Finance MVP by Law360.
The article highlights Mr. Harder's work on leading significant PPP projects, including the $2.3 billion Florida Department of Transportation (FDOT) I-4 Ultimate Project, which will involve the reconstruction of more than 100 bridges, as well as the addition of express lanes. The I-4 project reached commercial and financial close in 2014, and is slated to be completed in 2021.
In the article, Mr. Harder noted that the financing structure around the I-4 project was a "very effective but very complex structure that really influences behavior…there's a huge incentive to make efficient design decisions and perform high-quality construction, to make sure things last longer and don't have to be maintained as often."
The I-4 project is one of three major projects Mr. Harder is working on with FDOT. He has also helped the agency open twin 42-foot tunnels under Biscayne Bay as part of the estimated $1 billion Port of Miami Tunnel Project, as well as guided the agency in the opening of 10 miles of new reversible express lanes as part of the $1.8 billion I-595 Corridor Roadway Improvements Project.
Law360 also noted Mr. Harder is aiding the University of California Merced on the planned expansion of its campus from its current 100 acres to more than 200 acres, with additional structures, including student housing, administrative and research space, classrooms and recreational facilities. The project is slated for completion in 2020. "It's a very exciting deal for the market," Mr. Harder said. "If this deal goes through smoothly it's, at a minimum, a game changer for the University of California…and you can be certain that other colleges around the country, both private and public, are looking at the deal and seeing if there's something there they can tap into."