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    1. Home
    2. People
    3. Virginia WongPeople
    1. Home
    2. People
    3. Virginia WongPeople

    Virginia Wong

    Partner / Practice Group Leader, Project Finance and Public Finance


    • New York City
    • Office212.940.3028
    • vwong@nixonpeabody.com
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    Introduction

    Virginia Wong represents both issuers and underwriters in a full range of transactions, including public offerings and private placements, with a particular focus on project bond transactions, securitizations, and tax-exempt revenue bond financings.

    Practice Areas

    Public FinanceProject FinanceInfrastructurePublic-Private Partnerships (P3)Transportation FacilitiesGeneral Obligation BondsEconomic Development BondsDisclosure CounselWater & Wastewater ManagementBank CounselEnergy Project FinanceStadiums, Arenas & Convention Centers

    Industries

    Arts & Cultural InstitutionsHigher EducationConsumer

    My focus

    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 (PRASA), and the Puerto Rico Fiscal Agency and Financial Advisory Authority (AAFAF). I’ve also served as bond counsel to the Dormitory Authority of the State of New York (DASNY) in financings for the State University of New York (SUNY), Columbia University, Rockefeller University, St. John’s University, and Teachers College.

    I led the firm’s bond counsel representation of the Puerto Rico Fiscal Agency and Financial Advisory Authority in connection with the largest municipal restructuring in US history for the Puerto Rico Sales Tax Financing Corporation (COFINA), the general obligation debt and guaranteed debt of the Commonwealth of Puerto Rico, and the Puerto Rico Highways and Transportation Authority.

    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 serve as lenders’ counsel and bond counsel on public-private partnership (P3) projects around the country including John F. Kennedy (JFK) Airport New Terminal One redevelopment and expansion; San Juan Cruise Terminals Project; Midtown Tunnel/Elizabeth River Crossings refinancing; LAX Automated People-Mover Project; SR 400 Express Lanes MMIP Project; Long Beach Civic Center Project; I-70 Project; I-66 Outside the Beltway Project; and Goethals Bridge P3.

    Looking ahead

    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.

    Insights

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

    Admitted to practice

    New York

    Education

    Niagara University, B.A., cum laude
    Pace University School of Law, J.D.

    Professional activities

    • Member, Board of Governors, Fairfield Preparatory High School (2022-present)
    • Member, Board of Advisors, New Covenant Center (2021-present)
    • Memeber, Finance Committee, Holy Spirit Church (2018-2023)
    • Member, Board of Directors, BronxWorks (2010-2021)
    • Secretary, Municipal Forum of the City of New York (2008–2019)

    Recognition

    • Selected, through a peer-review survey, for inclusion in The Best Lawyers in America® 2023 in the fields of Public Finance Law and Municipal Law; listed since 2020
    • Recipient, Distinguished Service Award, PACE University Law Leadership Awards 2021

    In the News

    • El Nuevo Dia

      The Highways and Transportation Authority’s adjustment plan goes into effect

      This article, which covers a debt restructuring of the Puerto Rico Highways and Transportation Authority outstanding indebtedness, mentions NP as legal advisors on the new indebtedness. The NP team includes Project Finance & Public Finance practice group leader Virginia Wong from New York, Washington, DC partners Mitch Rapaport and Carla Young, Los Angeles partner Angelica Valencia, New York associate Sebastian Torres-Rodriguez, and New York senior paralegals Carolyn Yi-Medina and Patrick McGovern, all of the Project Finance & Public Finance group.

      Dec 7, 2022
    • Bond Buyer

      Muni vet Wong to lead Nixon Peabody's project finance practice

      This article covers the selection of New York City partner Virginia Wong to lead NP’s nationally renowned Project Finance & Public Finance practice. Among the projects mentioned, the article highlights Virginia’s work leading the team that served as bond counsel on the restructuring of more than $33 million in Puerto Rico debt this year, the largest municipal restructuring in US history. PFIRE department head Michael Goldman is also quoted in the article recognizing the contributions and successes of former PGL, New York City Project Finance & Public Finance partner Ken Lind.
      July 14, 2022
    • Bloomberg Law

      Wake up call

      This roundup of legal industry moves and hires includes New York City partner Virginia Wong’s promotion to Project Finance & Public Finance practice group leader.
      July 12, 2022
    • Bond Buyer

      JFK's new Terminal One will look to bond marketing for long-term financing

      This article covering financing for John F. Kennedy International Airport’s new Terminal One, including plans to tap the municipal bond market for future phases of the project, mentions NP for serving as underwriter counsel representing Citi. The NP team involved in the project includes New York City partners Chris Reitzel, Virginia Wong, Ken Lind, and Roddy Devlin, and associates Kate Stack of New York and Dia Walrath of San Francisco, all of the Project Finance & Public Finance group
      June 17, 2022
    • The Bond Buyer

      Puerto Rico's restructured bonds will be exempt, and provide fresh high-yield liquidity

      This article on Puerto Rico’s restructured general obligation bonds mentions NP for the firm’s determination that the bonds will be tax-exempt. The NP team is comprised of New York City partners Virginia Wong, Ken Lind, and Liz Columbo, and associate Sebastian Torres; Washington, DC partners Mitch Rapaport and Carla Young; and Los Angeles partner Angelica Valencia, all of the Project Finance & Public Finance group.
      March 3, 2022
    • The Bond Buyer

      Santee Cooper approves $1.3 billion tender, exchange bond refunding

      This article on Santee Cooper’s board approving a $1.3 billion tender and exchange bond refunding mentions the firm for serving as disclosure counsel. The NP team representing the South Carolina-owned utility company includes partners Liz Columbo, Virginia Wong, and Barry Rothchild of New York, Mitch Rapaport of Washington, DC, and New York counsel Abigail Olsen and associate Sebastian Torres-Rodriguez, all of the Project Finance & Public Finance group. Washington, DC Corporate partner Lloyd Spencer and Los Angeles Project Finance & Public Finance partner Dan Deaton assisted with the analysis of securities laws related to the tender and exchange.
      Feb 9, 2022
    • Inframation News

      Virginia toll road refinancing bonds

      This article on the refinancing of Elizabeth River Crossings’ bonds, which were used to modernize a river tunnel system in Virginia, mentions the firm for the work by New York City partners Virginia Wong and Roddy Devlin and Washington, DC partner Mitch Rapaport, all of the Project Finance & Public Finance group, for serving as bond counsel.
      Jan 11, 2022
    • The Bond Buyer

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

      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.
      Oct 8, 2020
    • The Bond Buyer

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

      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.
      July 13, 2020
    • Project Finance International

      U.S. airports on the runway

      Project Finance and Public Finance partner Roddy Devlin, together with group leader Ken Lind and partner Virginia Wong, all from New York City, contributed this article on the increasing usage of the P3 model in U.S. infrastructure projects.
      June 26, 2018
    • The Bond Buyer

      Wells Fargo's Toledo Heads All-Female Municipal Forum Slate

      New York City Public Finance partner Virginia Wong is noted among the leadership of the Municipal Forum of New York.
      July 24, 2014

    Insights And Happenings

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      COVID–19 and private higher and secondary education; a necessary paradigm shift

      May 7, 2020
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