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Virginia Wong



Virginia Wong is head of the firm’s Infrastructure Finance team and a member of the firm’s Project Finance and Public Finance practice group. Ms. Wong represents both issuers and underwriters in a full range of transactions, including public offerings and private placements and, in particular, project bond transactions, securitizations, and tax-exempt revenue bond financings.

What do you focus on?

I serve as bond counsel to the New York City Municipal Water Finance Authority, the Sales Tax Securitization Corporation (Chicago), the Puerto Rico Aqueducts and Sewer Authority, the Metropolitan Washington Airports Authority (Dulles Toll Road Enterprise Fund), and the Puerto Rico Fiscal Agency and Financial Advisory Authority. I’ve also served as bond counsel to the Dormitory Authority of the State of New York in financings for the State University of New York, Columbia University, Rockefeller University, and Teachers College.

My experience includes representing cultural facilities and not-for-profit corporations in their exempt offerings, including Pace University, The Rockefeller Foundation, Lincoln Center for the Performing Arts, the Whitney Museum of American Art, The Juilliard School, Carnegie Hall, Alvin Ailey Dance Foundation, The Metropolitan Opera, and the New York Botanical Garden.

I have represented the United States Department of Transportation with respect to its Transportation Infrastructure Finance and Innovation Act (TIFIA) loan program for transportation projects in New York, California, Texas, North Carolina, Virginia, Kentucky, Florida, Ohio, and Colorado. My representations in public-private partnership (P3) financings include the Puerto Rico Highways and Transportation Authority, the Los Angeles Airport People Mover project, C-70 and the Denver Eagle projects in Colorado, and the Goethals Bridge in New York.

I also lead in the firm’s representation of the Puerto Rico Sales Tax Financing Corporation in connection with the restructuring of more than $18 billion in outstanding bonds.

What do you see on the horizon?

There is growing recognition of the need for the public and private sectors to join forces to tackle the nation’s infrastructure challenges. We are developing strategies to combine the strengths of both these sectors to create efficient and cost-effective alternative delivery methods for infrastructure projects.

Presentations

  • “Innovative and Best Practices in Pursuing Public Financing for Water/Wastewater Systems,” Asset Management and Utility Finances Specialty Conference, Albany, NY, November 15, 2018

DASNY sells over $2.5B of PIT bonds; munis unchanged in face of large supply

The Bond Buyer | October 08, 2020

This article on the state of the municipal bond market covers the Dormitory Authority of the State of New York’s sale of almost $2.5 billion of personal income tax receipt bonds. The firm is mentioned as bond counsel for the work by New York partners Chris Reitzel and Virginia Wong, and associates Adam Gordon and Kate Stack; Albany counsel Jeff Pohl; and Washington, D.C. partner Bruce Serchuk and associate Joel Swearingen, all of the Project Finance & Public Finance group.

SUNY seeks near-term relief with $328.5M bond deal

The Bond Buyer | July 13, 2020

This article, covering the State University of New York’s sale of $328.5 million in federally taxable dormitory facilities revenue bonds, mentions NP as bond counsel. New York City Project Finance & Public Finance partner Virginia Wong and counsel Abigail Sterling Olsen worked with SUNY on the bond sale, which is intended to offset expected declines in student housing revenue due to the pandemic.

Contact

Virginia Wong

Partner

New York

Phone: 212-940-3028


Fax: 866-947-2479

Pace University School of Law, J.D.

Niagara University, B.A., cum laude

New York

Virginia was selected, through a peer-review survey, for inclusion in The Best Lawyers in America© 2020 and 2021 in the field of Public Finance Law.

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