Archives: P3s

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First New Concourse Opens at LaGuardia Airport

On June 1, 2016, the New York Transportation Development Corporation issued over $2.25 billion in tax-exempt bonds as part of a public-private partnership to redevelop the Central Terminal building (known as Terminal B to passengers) at LaGuardia Airport in New York City.  As The Bond Buyer reported, the deal broke all kinds of records – it … Continue Reading

Nuggets of Midterm Gold from our Public Policy Practice

The midterm elections are (mostly!) over. What’s coming next? No one is in a better position to tell you the answer than our Public Policy colleagues. Here for your reading and savoring are two pieces – a breakdown that spans all areas of law, and an analysis of what the election means specifically for tax … Continue Reading

Combining Tax-Exempt Bonds with Public-Private Partnerships under Current Law

On February 13, the Trump Administration released its proposal to finance improvements of the nation’s infrastructure.  This proposal promotes the use of public-private partnership (“P3”) arrangements to fund these improvements by expanding exempt facility bonds (a type of tax-exempt private activity bond that can be used to finance a list of specific types of projects, … Continue Reading

The P3 Wars Continue – Trump vs. Texas vs. Tolls (the T3s)

A few years ago, I wrote a blog post entitled “The P3 Wars”  in which I provided a brief explanation of how a P3 (i.e., a public-private partnership) works, and the general arguments for and against the use of P3s.  More recently, President Trump proposed a $1 trillion U.S. infrastructure plan that likely includes the … Continue Reading

New Proposed Legislation: PABs for Social Infrastructure and a Ban on Stadium Bonds

The new Congressional session is heating up, and we’ll cover two new pieces of proposed legislation below. For the first time in several years, we can avoid giving the usual disclaimer that any new piece of legislation is “likely going nowhere.” Tax reform appears to be a real possibility for the first time in many … Continue Reading

P3 Market Update from Roddy Devlin, Bruce Gabriel, and Carolina Mederos

Roddy Devlin, Bruce Gabriel, and Carolina Mederos, three of our public & infrastructure finance colleagues, have written a comprehensive market update and outlook for Public-Private Partnership (“P3”) transactions in the U.S.   The paper, which you can access here, notes a couple of important tax points, including the passage of the Fixing America’s Surface Transportation … Continue Reading

Roddy Devlin and Bruce Gabriel on P3s in 2015 and Beyond

The Bond Buyer ($) has a piece by our own Roddy Devlin and Bruce Gabriel today, wrapping up the year in public-private partnerships in 2015, and looking forward to the future. They note one particularly important tax-focused point – Congress has enacted the Fixing America’s Surface Transportation Act, which removes the prohibition against combining tax-exempt bonds for … Continue Reading

Move America Bonds – Close Enough for Government Work

Senator Ron Wyden (D-Oregon) and Senator John Hoeven (R-North Dakota) have sponsored a bill to encourage private parties to help repair the nation’s infrastructure by encouraging the broader use of public-private partnerships, or P3s. The bill, called “The Move America Act of 2015,” proposes a new type of tax-exempt bond, the “Move America Bond.”  (Move America Bonds will … Continue Reading

The P3 Wars

Disclaimer: This blog post was prepared by Cynthia Mog. The opinions expressed in this article do not reflect the views of Squire Patton Boggs (US) LLP.  In fact, they do not reflect the opinions of the author either.  Rather, this is a summary of information available on the omniscient Internet. As you may know, a … Continue Reading

Roddy Devlin and Greg Johnson on Public-Private Partnerships

Roddy Devlin and Greg Johnson, two of our experts on Public-Private Partnerships (which you may know as “P3s”), have an excellent overview in The Bond Buyer today ($) of how the federal, state, and local governments in the United States are warming up to the idea of using P3s for infrastructure projects. If you’re more of a … Continue Reading
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