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Overview

We are a nationally recognized bond counsel firm with extensive experience in both public and project finance. We assist clients with the crucial financial structuring and documentation associated with infrastructure development, including governmental and private activity bonds and public private partnerships (P3s), with the goal of delivering projects that are economically viable and long-lasting.

Public Finance

We serve as bond, disclosure, underwriter, issuer and bank counsel in a wide variety of public finance transactions. Our financing expertise includes assistance to local agencies with the establishment of various types of financing districts and programs, including Mello-Roos community facilities districts and assessment districts. We also help public entities navigate various legal constraints imposed upon the raising of revenue, such as Propositions 13 and 218.

Listed in the Directory of Municipal Bond Dealers, our services cover a diverse range of financing solutions including:

  • General Obligation Bonds
  • Lease Revenue Bonds
  • Certificates of Participation (Installment Sale and Lease-Based)
  • Water and Wastewater Financing
  • Transportation Financing (including Sales Tax Financings)
  • Tax Increment Financing
  • Privately Placed Lease Financing
  • Assessment District Financing
  • Mello-Roos Community Facilities District (CFD) Special Tax Bonds
  • Revenue Bonds
  • GARVEE Bonds
  • Sales Tax Revenue Bonds
  • Farebox Revenue Bonds
  • Commercial Paper
  • Pension Obligation Bond Financing
  • Tax and Revenue Anticipation Notes
  • Other Municipal Asset Securitizations

We also offer advisory services concerning interest rate swap agreements, investment contracts, letters of credit and reimbursement agreements. 

Project Finance

Infrastructure development drives economic growth, connects communities and promotes public welfare. Our Project Finance team helps clients navigate the critical financial complexities of such projects by helping arrive at the best financing options to meet their needs and goals. Our experience includes advising on:

  • Municipal finance
  • GARVEEs (Grant Anticipation Revenue Vehicles)
  • GANs (Grant Anticipation Notes)
  • Federal grant programs
  • Private Activity Bonds (PABs)
  • TIFIA credit (Transportation Infrastructure Finance and Innovation Act)
  • Local option sales taxes
  • Benefit assessment districts
  • Special tax districts
  • Enterprise revenue sources

We have played key roles in numerous groundbreaking infrastructure projects in the U.S., leveraging public subsidies, private equity, TIFIA and WIFIA loans, bank financings, 501(c)(3) structures and tax-exempt PABs secured by or payable from user fees or availability payments.

Professionals

Successes

Successes

  • Improving Safety and Mobility on I-10 Calcasieu Bridge

    Nossaman is advising the Louisiana Department of Transportation and Development (LaDOTD) on the $2.1 billion project, which includes design, construction, financing, operations and maintenance of a new 6-lane bridge on I-10 crossing the Calcasieu River, development of a new toll system, modification and relocation of existing roadways and demolition and removal of the existing bridge. Currently, Nossaman is assisting with its implementation.

  • Securing Project Financing to Advance Express Lanes Expansion and Improve Traffic Flow Across Metro Atlanta

    SR 400 has transformed from a suburban connection into a highly congested corridor in the Atlanta metropolitan area as it experiences substantial population and job growth. We assisted the Georgia State Road and Tollway Authority with the financial close of the SR 400 Express Lanes Project to move forward with the design, financing construction, operations, maintenance and tolling of the Project under a 50-year concession agreement.

  • Closing the First TIFIA Rural Projects Initiative Loan

    We secured the first Transportation Infrastructure Finance and Innovation Act (TIFIA) loan under the Rural Projects Initiative on behalf of San Luis Obispo Regional Transportation Authority. This $13.08 million TIFIA loan will help construct a new bus maintenance and administration facility.

  • Addressing Congestion in the Big Easy

    We worked closely with the Louisiana Department of Transportation and Development on the first project procured under their P3 Authority – the replacement of the Judge Perez Bridge and Belle Chasse Tunnel. As the primary access point for those in the Plaquemines Parish, Louisiana, the bridge and tunnel see over 33,000 vehicles per day.

  • Creating Connections Over the Hudson River for Years to Come

    We are proud to have played a role assisting the New York State Thruway Authority with replacement of the three-mile-long Tappan Zee Bridge over the Hudson River with The Governor Mario M. Cuomo Bridge, a new cable-stayed, dual-span structure designed to last 100 years. The crossing was long overdue for an upgrade due to the age of the existing bridge as well as increased traffic. 

  • Guiding First-Of-Its-Kind Highway Project in Nebraska

    We worked with the Nebraska Department of Transportation (NDOT) to bring a decades-long highway project to life.

  • Driving Consolidation at LAX

    We are advising the City of Los Angeles, Los Angeles World Airports (LAWA) on its Consolidated Rent-a-Car Center (ConRAC) at the Los Angeles International Airport (LAX).

  • Elevating Travelers at LAX

    We are advising the City of Los Angeles, Los Angeles World Airports on an Automated People Mover (APM) train system at the Los Angeles International Airport (LAX).

  • Reaching the First Higher-Education P3 Deal in the U.S.

    We helped The Regents of the University of California reach commercial and financial close on the UC Merced 2020 Project, a $1.3 billion campus expansion to accommodate the university’s rapidly growing student body.

  • Bridging the Gap Between Port of Miami and I-395

    We advised on procurement and financing of the nation's largest soft ground bored tunnel which greatly reduced traffic congestion in the Miami region.

  • Negotiating an Amended P3 Agreement and Resoliciting a Replacement Design-Build Contractor for Maryland’s First Transit P3 Project

    We advised the Maryland Department of Transportation and Maryland Transit Administration (MDOT MTA) on the negotiation of an amended P3 agreement and resolicitation of a replacement design-build contractor to complete Maryland’s first transit public-private partnership (P3) project.

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