Rudy S. Salo

Rudy Salo serves as counsel on a broad range of community impact financings involving governmental entities, transportation systems, educational institutions, cultural institutions and entertainment venues. His practice includes advising lenders in structuring various lending facilities throughout California and the United States, often involving real estate or other collateral. He also has experience advising new mobility companies.

What do you focus on?

Commercial Lending

I have significant experience representing commercial banks in providing credit and liquidity facilities in support of tax-exempt and taxable municipal securities, as well as representing those banks in the direct purchase of privately placed debt and the negotiation of revolving credit agreements and other lending solutions. I also advise on the various real estate issues that arise in connection with transactions that use real estate as collateral. I have represented numerous banks throughout the country in such transactions, including in California, Nevada, New York, Massachusetts, Washington, Arizona, Oregon and New Mexico.


My work also involves financings related to transportation, including significant experience in funding transportation projects with a variety of funding sources. These projects include serving as underwriter’s counsel on numerous Bay Area Toll Authority toll road financings; serving as disclosure counsel to the State of Nevada in connection with its highway revenue bonds; representing the San Mateo County Express Lanes Joint Powers Authority in connection with the financing of the Highway 101 Express Lanes Project; representing banks in providing credit facilities and loans to various transit agencies, including the Riverside County Transportation Commission, the San Diego Regional Transportation Commission, Victor Valley Transit Authority and the San Luis Obispo Regional Transit Authority; representing the USDOT as a lender in the financing of the extension of the 91 Express Lanes into Riverside County, California; the Dallas Area Rapid Transit’s Orange Line extension to Dallas-Fort Worth Airport; the financial restructuring of the South Bay Expressway (State Road 125) toll road in Southern California upon its emergence from bankruptcy; and the sale and financing of the sale of State Road 125 to the San Diego Association of Governments.

Education Financing

I have significant experience in both short- and long-term financings for school districts, community college districts, private schools and universities throughout the country. These financings include serving as bond counsel, underwriter’s counsel, disclosure counsel and lender’s counsel in the issuance of general obligation and revenue bonds as well as direct placements/loans.

What do you see on the horizon?

I see changes needed in how to finance transportation projects throughout the country, including the infrastructure needed to accommodate driverless car technology. I also see continuing opportunities for municipalities and nonprofits to combine a variety of private, local, statewide and federal funding sources to progress various public improvement projects, including the expansion of the use of bank facilities.


  • “The state of climate change disclosure: issuer approaches and practices,” California Public Finance Conference 2020, October 26, 2020
  • “Part Two of Living in a Post COVID-19 World: Navigating the Implications on Commercial and Residential Real Estate Laws in Light of the Pandemic,” The House of Lebanon and the Arab American Lawyers Association of Southern California, Webinar, June 30, 2020 (co-presenter)
  • Keynote Address at the Redefining Mobility Summit, Contra Costa County Transportation Commission, March 10, 2020
  • “Rethinking City Spaces,” Bond Buyer Transportation/P3 Conference, Denver, Colorado, November 14, 2019
  • “Tech Chats & Panels with Mobility Leaders & Investors,” Silicon Dragon LA 2019, Los Angeles, CA, July 25, 2019
  • “New Modes of Transportation: The Potential,” Bond Buyer’s Transportation Finance/P3 Conference, Dallas, TX, November 29, 2018
  • “Autonomous Vehicles,” Bond Buyer's California Public Finance Conference, October 2, 2018
  • “Transit Innovation,” Silicon Dragon Los Angeles 2018, Pasadena, July 2018
  • “Cross-Sectoral Perspectives,” Future Directions in U.S. Municipal Infrastructure Finance, Cambridge, MA, June 5, 2018
  • “Avoiding Critical Municipal Bond Pitfalls,” National Business Institute—Local Government Law From Start to Finish, Santa Ana, December 2017
  • “Navigating Open Meeting Law Compliance Issues,” National Business Institute—Local Government Law From Start to Finish, Santa Ana, December 2017
  • “Private Placements: More Permanent Part of the Landscape,” Bond Buyers California Public Finance Conference, Carlsbad, September 2017
  • “Hot Topics in the Middle Market | Investing Outlook: Challenges and Opportunities in the Cannabis Industry,” Nixon Peabody Seminar, June 2017
  • “Real estate and finance: The what, where, and how of technology’s impact,” Nixon Peabody Annual MCLE Seminar, Los Angeles, January 2017
  • “Carmageddon: The impending Impact of Driverless Cars,” MFI Institute, November 2016
  • “Financing Options: Which Type of Debt is Best for You Part II,” CDIAC, October 2016
  • “Direct Lending,” Bond Buyer’s 26th California Public Finance Conference, September 2016
  • “Financing of Public Infrastructure,” California Council of Economic Advisors, Los Angeles, CA, May 2016
  • “Direct Lending,” Bond Buyer’s 24th California Public Finance Conference, October 2014
  • “Direct Lending," Bond Buyer’s 23rd California Public Finance Conference, September 2013
  • “Toll Roads (HOVs),” Bond Buyer’s 22nd California Public Finance Conference, October 2012
  • “Liquidity Facilities and Other Short-Term Financing Tools,” Bond Buyer’s 21st California Public Finance Conference, September 2011
  • “Current Practices in School Debt Finance: A School Debt Finance Seminar for Business Officials in the Central Valley,” California Debt and Investment Advisory Commission, February 2010

Recent Publications

The Covid-19 Era Sheds Light on Transportation's Climate Change Impact

Forbes | October 14, 2020

Los Angeles Project Finance and Public Finance partner Rudy Salo contributed this article that examines the pandemic’s impact on transportation, as well as the resulting conversation about the future of mobility and its environmental impact.

Has Covid-19 And Its Accelerated Work-From-Home Experiment Permanently Changed The Future Of Cities?

Forbes | July 31, 2020

In this contributed article, Los Angeles Project Finance & Public Finance partner Rudy Salo discusses how COVID-19 and the forced work-from-home experiment may have permanently changed the future of cities as the epicenters of the economy.

COVID-19 Could Change the Future of Transit Funding

Rockefeller Institute of Government | July 07, 2020

In this article on how COVID-19 could impact transit funding, Los Angeles Project Finance & Public Finance partner Rudy Salo is quoted for his outlook on ridership in the Bay Area.

Five ways COVID-19 may impact the future of infrastructure and transportation

Forbes | March 31, 2020

The latest contributed column from Los Angeles Project Finance and Public Finance partner Rudy Salo looks at how the unfolding COVID-19 pandemic could alter the infrastructure and transportation landscapes.

Four mobility takeaways from CES 2020

Forbes | February 01, 2020

Los Angeles Project Finance and Public Finance partner Rudy Salo focuses his latest contributed column on several mobility-related takeaways from CES 2020, including the latest developments in autonomous vehicle adoption.

Boomers exiting the suburbs could help transform infrastructure and land-use policy

Forbes | January 16, 2020

In his latest contributed column for Forbes, Los Angeles Project Finance and Public Finance partner Rudy Salo explains how the coming wave of Baby Boomer retirements could change transportation habits and land-use trends.

Why Are L.A.’s Transit Numbers Dropping?

Forbes | December 19, 2019

Los Angeles Project Finance & Public Finance partner Rudy Salo authored this column about how a dearth of affordable housing close to public transit stops is one of the biggest factors contributing to a drop in L.A. transit ridership.

The impact of California’s “independent contractor” law on the future of transportation

Forbes | November 21, 2019

Los Angeles Project Finance & Public Finance partner Rudy Salo, in his latest column for Forbes, breaks down the impact of California’s new “independent contractor” law, which makes ride-hailing workers, on-demand delivery drivers and others eligible for the same wages and benefits available to full-time employees.

How federal tax reform has impacted real estate

Governing.com | May 20, 2019

Los Angeles Public Finance and Project Finance partner Rudy Salo says the impact of federal tax reform, which included a $10,000 cap on the deduction for state and local taxes, on the real estate market has not been as dire as predicted.

Federal Tax Reform May Be Saving Money for States, Even High-Tax Ones

Governing.com | April 11, 2019

This article about the federal tax reform’s impact on states quotes Los Angeles Project Finance and Public Finance partner Rudy Salo discussing the long-term effects it may have on government debt and how voters may react to bonds in the future.

Train’s fate no deterrent: High-speed rail contracts proliferate

Los Angeles Business Journal | February 12, 2019

Los Angeles Project Finance and Public Finance partner Rudy Salo is quoted in this story about the benefits and accompanying uncertainty for small businesses involved in large-scale infrastructure projects.

Cannabis revenue is below California’s expectations, but growing

Bond Buyer | January 03, 2019

Los Angeles Project Finance and Public Finance partner Rudy Salo is quoted in this article on the medium-term outlook for cannabis businesses, which may get a boost from a variety of political factors that could lessen the federal government’s resistance to legalization.

Issues to Watch: 18 of the biggest policies and problems legislatures will confront in 2019

Governing | January 01, 2019

Los Angeles Project Finance and Public Finance partner Rudy Salo is quoted in this article discussing how taxpayers across the country are likely to pay higher bills this April due to the new $10,000 cap on federal deductions for state and local taxes.

How autonomous vehicles disrupt transportation planning

The Bond Buyer | July 26, 2018

Los Angeles Project Finance and Public Finance partner Rudy Salo is quoted in this article on how autonomous vehicles will impact the future of transportation planning.

The Jetson effect on transportation

The Bond Buyer | July 23, 2018

Los Angeles Project Finance and Public Finance partner Rudy Salo provides his perspective on how driverless cars will impact mass transit planning in this Bond Buyer podcast.

“I am an Arab American.”

Medium.com | May 08, 2018

Los Angeles public finance partner Rudy Salo, an Arab-American with family roots in Lebanon, wrote this piece about the importance of the California State Senate’s recent resolution declaring Arab American Heritage Month.

Demand for Esports-Friendly Venues to Grow

GlobeSt.com | February 22, 2018

Los Angeles public finance partner Rudy Salo and Washington DC public finance associate Noah Lebowitz authored this column about the growing demand for esports venues and the opportunities it presents for communities and developers.


Rudy S. Salo


Los Angeles

Phone: 213-629-6069

Fax: 866-817-1940

Georgetown University Law Center, J.D.

University of California, Los Angeles, B.A., magna cum laude




Rudy Salo is a member of the National Association of Bond Lawyers, the Los Angeles County Bar Association, a board member the Arab American Lawyers of Southern California and the American Bar Association.

Back to top