Public Finance



With more than 40 years of experience, we provide knowledgeable, pragmatic, and results-oriented financing solutions to achieve our clients’ business goals in a rapidly changing financial marketplace, navigating them clear of structuring pitfalls and regulatory issues.

‘Law Firm of the Year’ for Public Finance Law—U.S. News/Best Lawyers 2021 - National Tier 1 leader for Public Finance Law—U.S. News/Best Lawyers 2021 - Top 10 bond counsel, underwriter’s counsel, disclosure counsel, and special tax counsel—Thomson Reuters

Our Approach

Nixon Peabody’s Public Finance practice is one of the largest and most highly regarded in the nation, with more than 40 practicing lawyers and over four decades of experience in all areas of public finance law. We serve our clients in many roles, including bond counsel, disclosure counsel, issuer’s counsel, underwriters’ counsel, private placement agent’s counsel, derivatives counsel, special tax counsel, bond insurer’s counsel, counsel to banks and other financial institutions providing credit and liquidity support, rating agency counsel, and counsel to corporate and nonprofit borrowers in conduit financings.

Nixon Peabody was named by U.S. News—Best Lawyers® 2021 as “Law Firm of the Year” in Public Finance Law and is consistently ranked Top 10 in bond counsel, underwriter’s counsel, disclosure counsel, special tax, and green bond counsel by Thomson Reuters. We have also been recognized by U.S. News—Best Lawyers® as a National Tier 1 practice in Public Finance Law, as well as Metro Tier 1 in Public Finance Law in Chicago, Los Angeles, New York City, and Washington, DC.

Tax Experience

An important aspect of Nixon Peabody’s Public Finance practice is the depth of our tax law experience and capabilities, with five attorneys who function exclusively as “Section 103” lawyers. Our Section 103 lawyers have broad experience with all of the varied structures used in the public finance industry; have worked on virtually every type of financing in the tax-exempt market; and are further supported by a group of tax lawyers with extensive knowledge in other areas, including nonprofit organizations, partnership, tax credits, and corporate taxation.

Who We Represent

  • Municipalities
  • Conduit issuers
  • Financial institutions
  • Utilities and power authorities
  • School districts
  • Hospital systems and other health care institutions
  • Higher education institutions
  • Charter schools
  • Cultural institutions
  • Water authorities
  • Industrial development authorities
  • Economic development authorities

Recent Experience

  • Power Authority of the State of New York: Served as disclosure counsel on The Bond Buyer’s 2020 Northeast Deal of the Year, which issued the largest public power green bond transaction of all time.
  • California Health Facilities Authority’s No Place Like Home Program: served as disclosure counsel on The Bond Buyer’s 2020 Deal of the Year, the No Place Like Home Program, which funded the construction of permanent supportive housing for persons who are homeless or at risk for homelessness and suffer from mental illness.
  • San Diego Association of Governments (SANDAG): served as underwriters’ counsel on The Bond Buyer’s 2019 Far West Deal of the Year, which was awarded to the $331 million capital grants receipts revenue bond sale by the San Diego Association of Governments. The proceeds from SANDAG’s bond sale helped accelerate the completion of the $2.17 billion Mid-Coast Corridor transit trolley project, San Diego’s largest transportation infrastructure project to date.
  • Los Angeles County Metropolitan Transportation Authority: served as disclosure counsel on The Bond Buyer’s 2019 ESG/Green Financing Deal of the Year, which was awarded for its $545 million offering Proposition C sales tax revenue bonds.
  • Los Angeles International Airport Automated People Mover Project: served as bond counsel on The Bond Buyer’s 2018 Far West Deal of the Year, awarded for its $1.2 billion financing of the Los Angeles International Airport Automated People Mover Project.
  • Presence Health: served as borrower’s counsel to Presence Health, which closed on a $1 billion offering of tax-exempt bonds through the Illinois Finance Authority. This transaction restructured all of Presence Health’s outstanding indebtedness and resulted in significant debt service savings for the client. This deal was named “Deal of the Year” by The Bond Buyer for Health Care Financing in 2016.
  • New York Metropolitan Transportation Authority (NYMTA) and Triborough Bridge and Tunnel Authority (TBTA): serving as bond counsel to the NYMTA (subway, bus, and commuter railroads) and TBTA (nine bridges and tunnels) for decades in connection with tens of billions of dollars in bonds and notes. We have advised on NYMTA’s and TBTA’s use of their many revenue streams, including statewide and regional sales taxes and tolls on the bridges and tunnels, to maximize their bonding capability.
  • Goethals Bridge Replacement: served as lenders’ counsel in connection with the issuance of tax-exempt bonds to fund the replacement of the Goethals Bridge and the demolition of the existing bridge for the benefit of the concessionaire in connection with a public-private partnership transaction with the Port Authority of New York and New Jersey. This deal received the 2014 Grand Prix winner and Best Road/Bridge/Tunnel Project by P3 Bulletin.
  • Iowa Fertilizer Corporation: served as underwriter’s counsel on a project financing for a $1.8 billion nitrogen-based fertilizer production plant owned by Iowa Fertilizer Company LLC (IFC) in Lee County, Iowa. IFC is an affiliate of OCI N.V., a global nitrogen-based fertilizer producer and engineering and construction company based in Amsterdam, the Netherlands. The financing involved the issuance of $1.2 billion of non-investment-grade, tax-exempt bonds through the Iowa Finance Authority — the largest such financing in the tax-exempt market in U.S. history at the time. This deal received Smith’s Research & Grading’s 2013 “Deal of the Year” and “High Yield Deal of the Year” awards, as well as being named Project Finance Magazine’s North American “Petrochemical Deal of the Year.”
  • Northwestern Memorial Healthcare:represented six commercial banks in connection with the restructuring of Northwestern Memorial Healthcare’s variable rate debt portfolio. The transaction involved approximately $600 million, allocated among three direct purchases of tax-exempt bonds, six liquidity facilities, a taxable term loan, and two revolving credit facilities. We also represented a commercial paper dealer in connection with $100 million in taxable commercial paper issued by Northwestern Memorial Healthcare.
  • Whitney Museum of American Art: served as institution’s counsel to the Whitney Museum of American Art, which closed on $125 million financing in a new bond issue through the Trust for Cultural Resources of the City of New York. The firm advised the institution on the structure of the fixed-rate bond issue. The financing, done on the museum’s own “A” rating, was one of 2011’s most noteworthy for New York cultural institutions. Proceeds of the issue were used to finance construction of the museum’s downtown facility in the Meatpacking District.
  • Metropolitan Washington Airports Authority Dulles Toll Road/Metrorail Extension: served as bond counsel since 2010 in connection with the use of tolls on the Dulles Toll Road to finance the rail project providing for the Silver Line extension of the Washington Metrorail system to Dulles International Airport. We played a major role in structuring this financing to make the project financeable, including negotiation of a TIFIA Loan, securitization of a federal grant, establishment of a commercial paper program, and issuance of additional and refunding debt.
  • San Francisco 49ers: served as underwriter’s counsel in the syndicated construction loan for the San Francisco 49ers’ stadium. We were involved in the review and negotiation of the financing documents, including the complex consent letter with the NFL and the first funding option provided by the National Football League under the G-4 stadium financing resolution.

Hudson Yards rides upgrades into $542 million sale

The Bond Buyer | October 15, 2021

This article focuses on New York City development Hudson Yards and its upcoming offering of Series 2022A fixed-rate revenue green bonds. Our firm is mentioned as co-bond counsel for the work by Project Finance & Public Finance team leader and New York City partner Ken Lind.

Forty Under 40 winners announced

Rochester Business Journal | September 24, 2021

This article announcing Rochester Business Journal’s “Forty Under 40” award winners for professional excellence and community contributions names Rochester Project Finance & Public Finance partner Barry Carrigan as one of this year’s honorees.

Rising Star: Jade Turner-Bond

The Bond Buyer | September 09, 2021

This article profiles Los Angeles Project Finance & Public Finance partner Jade Turner-Bond following her selection by the publication as a “Rising Star.” The feature highlights Jade’s practice, the transformative impact of her work, and her commitment to furthering diversity, equity, and inclusion within the legal profession.

The role of transportation in the Lake Tahoe Caldor Fire and other climate change catastrophes

Forbes | August 31, 2021

Los Angeles Project Finance and Public Finance partner Rudy Salo contributed this article on how transportation has impacted Lake Tahoe and the current evacuation due to the largescale Caldor Fire and other climate change-related events.

Sector analysis – Order in the court – The next US P3s

Inframation | August 23, 2021

This article analyzing public-private partnerships within the courthouse sector extensively quotes New York City Project Finance & Public Finance partner Roddy Devlin for his thoughts on P3 procurement, the maintenance standards that make P3s attractive, and traditional tax-exempt finance procurement.

Project finance midyear review roundtable 2021

Power Finance & Risk | July 30, 2021

This article covers the publication’s recent roundtable event, where major players in the project finance space discussed the state of industry in the first half of 2021. Energy & Infrastructure Projects team co-lead and New York City Project Finance & Public Finance partner Ellen Friedman is quoted extensively for her outlook on the Biden administration’s infrastructure plan, the renewable energy space, and the development of new tax credit structures around 45Q. Ellen also discussed expanded SEC oversight on ESG disclosures, and the increased role of the Committee on Foreign Investment in the U.S. on proposed, and sometimes closed, transactions as having a major impact on power and renewables project financing.

Deal diary-Blackstone and KKR chalk up more insurance investments

The Deal | July 15, 2021

In two separate articles, the publication highlighted the firm for advising American International Group, Inc. in the pending sale of a $5.1 billion affordable housing portfolio to Blackstone Real Estate Income Trust. Washington, DC Community Development Finance partner Liz Young is noted in one of the stories for leading the NP deal team.

In addition to Liz, the NP team includes Affordable Housing & Real Estate partner Dara Histed, Project Finance & Public Finance partner Carla Young, Community Development Finance senior counsel Jeff Lesk, and Corporate partner John Partigan, all of Washington, DC; Global Finance partner Amanda Darwin, Affordable Housing & Real Estate associates Julie Stande and Ali Walendziak, and Community Development Finance associate Nury Aguasvivas, all of Boston; Affordable Housing & Real Estate associate Emily Schwebke and Project Finance & Public Finance resident attorney Jacalyn Smith, both of Chicago; Manchester Affordable Housing & Real Estate associate Talia Burghard; Long Island Affordable Housing & Real Estate paralegal Lori Esposito; and Los Angeles Corporate paralegal Mina Gonzaque-Taylor.

Four pandemic transportation-impacting pivots that should be permanently adopted

Forbes | June 30, 2021

Los Angeles Project Finance & Public Finance partner Rudy Salo contributed this column on four transportation-related pivots during the pandemic that should be permanently adopted, in part for their benefits to the environment, as well as for repurposing our time and priorities.

DIF fund to buy Oklahoma wind farm

Power Finance & Risk | June 09, 2021

This article mentions NP for advising DIF Capital Partners’ infrastructure fund on its agreement to acquire the Kingfisher wind farm in Oklahoma. The deal team includes Washington, DC Community Development Finance partner Shariff Barakat, Rochester Corporate partner Lori Green, Buffalo Global Finance partner Martha Anderson, and Rochester Corporate associate Aya Hoffman.

Also contributing to the deal were New York City Corporate partner Rick Cox; Manchester partner Mark Beaudoin and San Francisco partner Alison Torbitt, both of the Affordable Housing & Real Estate group; and Washington, DC partners Elizabeth Whittle and Bob Daileader and counsel Ken Weiner, all of the Project Finance & Public Finance group.

California sugarcane-to-ethanol plant verified green bond sale

The Bond Buyer | June 03, 2021

This article on the $575 million in bonds for California Ethanol + Power, which will fund the construction of the Sugar Valley Energy alternative fuel and energy plant to convert sugarcane into ethanol mentions NP as disclosure counsel. The NP team includes Los Angeles partners Dan Deaton and Angelica Valencia and New York City partner Scott Singer, all of the Project Finance & Public Finance group.

Changing circumstances reduced demand for California school note program

The Bond Buyer | April 29, 2021

This article, on the California School Finance Authority’s borrowing program created to help school districts manage pandemic-driven budget deferrals, mentions NP as disclosure counsel for notes issued in March and April for elementary, high school, and community college districts. Los Angeles partners Rudy Salo and Dan Deaton, and San Francisco partners Travis Gibbs and Graham Beck, all of the Project Finance & Public Finance group, advised CSFA in this deal. Update: New York Bankruptcy & Restructuring partner Robert Christmas also advised CSFA in this deal.

Women of Influence: Attorneys

Los Angeles Business Journal | April 26, 2021

Los Angeles Project Finance and Public Finance partner Jade Turner-Bond is profiled for being selected by the business journal as one of its most influential women attorneys for 2021.

Sleep no more

P3 Bulletin | April 21, 2021

In article on President Biden’s infrastructure plan, the American Jobs Plan, New York City Project Finance & Public Finance partner Roddy Devlin is quoted extensively on the plan’s unique aspects, how it’s redefining the definition of infrastructure, and his outlook on public-private partnerships.

The dark side of electrification, part 2: Suburbs 2.0?

Forbes | April 14, 2021

Los Angeles Project Finance & Public Finance partner Rudy Salo contributed this article that explores electric vehicle adoption, shifting housing trends, and the future of public transportation.

Infrastructure redefined (podcast)

The Bond Buyer | April 13, 2021

In this podcast episode on President Biden’s American Jobs Plan, New York City Project Finance & Public Finance partner Roddy Devlin is featured as a guest to discuss his outlook, including how the plan is redefining the definition of infrastructure to encompass broadband and electric-vehicle charging stations, among other areas.

Crossroads-Roddy Devlin of Nixon Peabody discusses Americas Jobs Plan

Inframation News | April 01, 2021

In this podcast episode on President Biden’s federal infrastructure investment proposal, the American Jobs Plan, New York City Project Finance & Public Finance partner Roddy Devlin is featured as a guest to discuss the plan’s unique aspects and how it could further incentivize public-private partnerships.

Strata inks $150 million deal with Blackstone

Power Finance & Risk | April 01, 2021

This article on Strata Solar’s strategic partnership with Blackstone Credit mentions the firm for the work of Project Finance, Infrastructure & Real Estate department chair and Washington, DC Community Development Finance partner Michael Goldman and Buffalo Global Finance partner Martha Anderson in advising the solar and battery storage developer.

COVID-19 sinks not-for-profit hospitals' operating margins

Modern Healthcare | March 25, 2021

This article, covering the pandemic’s impact on not-for-profit hospitals, quotes Chicago Project Finance & Public Finance partner Julie Seymour on how these hospitals have managed their expenses and reallocated resources in response to reduced demand for patient services.

OCC rule misaligned with some tax equity safe harbors

Law360 | March 08, 2021

This contributed article, which examines the OCC’s finalized rule governing national banks’ ability to participate in equity-based finance structures involving tax credits, was authored by Project Finance & Public Finance partner Ellen Friedman and Global Finance senior counsel Larry Fruchtman, both in New York City; Community Development Finance partner Forrest Milder in Boston; and Community Development Finance partners Michael Goldman and Shariff Barakat, both in Washington, DC.

Engineering group gives U.S. infrastructure C-grade

Inframation News | March 03, 2021

This article on the American Society of Civil Engineers’ 2021 Report Card for America’s Infrastructure quotes New York City Project Finance & Public Finance partner Roddy Devlin for his optimistic outlook on U.S. infrastructure.

'Mediocre' US infrastructure needs more funding, report says

Law360 | March 03, 2021

This article, focusing on the American Society of Civil Engineers’ 2021 Report Card for America’s Infrastructure, quotes New York City Project Finance & Public Finance partner Roddy Devlin for his bullish outlook on a comprehensive infrastructure investment plan out of the Biden administration.

Los Angeles makes tender offer ahead of taxable MICLA refunding

The Bond Buyer | February 18, 2021

This article mentions the firm as bond counsel on the City of Los Angeles’ hybrid tender offer and refunding related to the Municipal Improvement Corporation of Los Angeles lease revenue bonds. The NP team includes Los Angeles partners Jade Turner-Bond and Dan Deaton; San Francisco partner Travis Gibbs; Washington, D.C. associate Joel Swearingen; and Los Angeles associate David Song—all of the Project Finance & Public Finance group.

GREEN Act would bolster tax credits for renewables, introduce storage ITC

Power Finance & Risk | February 11, 2021

This article on the reintroduction of the GREEN Act in the House of Representatives quotes New York City Project Finance & Public Finance partner Ellen Friedman on the viability of the Act’s 85% refundable credit to make it through the Senate and her outlook on the 30% investment tax credit for standalone energy storage.

State conduit plans notes for schools facing California budget deferrals

The Bond Buyer | February 11, 2021

NP was mentioned in this article on the California School Finance Authority’s plans to price $1.4 billion in short-term notes for the work by Los Angeles Project Finance & Public Finance partner Dan Deaton serving as disclosure counsel.

The dark side of electrification, part 1:EVs could negatively impact U.S. infrastructure funding

Forbes | February 08, 2021

Los Angeles Project Finance & Public Finance partner Rudy Salo contributed this article on how a continued dominance of the gas tax as the primary source for federal and state transportation funding—amid the rise of electric vehicles—raises questions for the future of U.S. infrastructure.

People on the move

Crain’s New York | February 05, 2021

New York City Project Finance & Public Finance partner Adam Gordon was included in this roundup of notable executive news for his promotion to partner.

Gordon and Turner-Bond Make Partner at Nixon Peabody

The Bond Buyer | January 29, 2021

This article features New York partner-elect Adam Gordon and Los Angeles partner-elect Jade Turner-Bond, both of the Project Finance & Public Finance group, highlighting their Feb. 1 promotions to partner, their practice work, and their community involvement. Managing partner and CEO Andrew Glincher is quoted on the firm’s diverse pipeline of talent and the resilience of this year’s partner class.

On the Move

The Recorder (California) | January 28, 2021

Los Angeles Project Finance & Public Finance partner-elect Jade Turner-Bond and San Francisco Labor & Employment partner-elect Rachel Conn were included in this roundup of notable legal moves for their promotions to partner.

Federal rule opens tax-equity investment to national banks

Inframation News | January 25, 2021

This article on the new rule by the Office of the Comptroller of the Currency that may allow national banks and federal savings associations to engage in certain tax-equity finance transactions cites a recent NP tax credit alert. The alert was written by Project Finance & Public Finance partner Ellen Friedman and Global Finance senior counsel Larry Fruchtman, both in New York City; Community Development Finance partners Shariff Barakat and Michael Goldman, both in Washington, D.C.; and Boston Community Development Finance partner Forrest Milder.

Big O'Hare cargo expansion back on track

Crain’s Chicago | January 25, 2021

This article on a project to expand Chicago O’Hare International Airport’s cargo space mentions Chicago Corporate partner Chuck Bernardini for representing the developer, Aeroterm. Chuck is also quoted for his outlook on this project as the first major project at the airport to be led by a Black-owned construction firm.

With budget in rearview, Cook County turns sights to borrowing plans

The Bond Buyer | December 22, 2020

This article mentions the firm for serving as bond counsel to Cook County, IL, in its new money and refunding deals totaling about $600 million. The NP team included Chicago partner Julie Seymour, San Francisco partner Travis Gibbs and New York City counsel Abbie Olsen, all in the Project Finance & Public Finance group.

Pandemic's effect on issuers

The Bond Buyer podcast | December 15, 2020

This podcast episode features Project Finance & Public Finance leader and New York City partner Ken Lind’s industry outlook, including sectors and financing instruments, virus-related SEC disclosure guidance, and the planned phase-out of Libor. The episode notably mentions the firm’s U.S. News accolade for “Law Firm of the Year in Public Finance for 2021“.

New York State's over $2.1 PIT bond sale should see demand, analysts say

The Bond Buyer | December 14, 2020

This article mentions the firm as co-bond counsel to Empire State Development Corporation’s scheduled issuance of PIT bonds on behalf of New York State in a competitive deal to fund capital projects, for the work by New York City partner Chris Reitzel, counsel Abbie Olsen and associates Adam Gordon and Kate Stack, and Washington, D.C. partner Bruce Serchuk and associate Joel Swearingen, all in the Project Finance & Public Finance group.

Bank Gives Purple Line Firms More Time to Reach a Settlement with Maryland and Avoid Potential Default on Debt

The Washington Post | November 08, 2020

In this article on a forbearance agreement between the concessionaire of Maryland’s Purple Line transit project and the bank representing bondholders, New York City Project Finance & Public Finance partner Roddy Devlin provides third-party commentary on what the forbearance agreement means in practical terms.

Santee Cooper OKs bond deal oversubscribed more than five times

The Bond Buyer | October 28, 2020

This article on Santee Cooper’s revenue and refunding bond deal, which drew $3.5 billion in orders from investors, mentions the firm for New York Project Finance & Public Finance partner Liz Columbo’s work representing the South Carolina-owned utility company as bond and disclosure counsel.

Four Key Transportation Matters to Watch on Election Day

Forbes | October 27, 2020

This contributed article by Los Angeles Project Finance & Public Finance partner Rudy Salo discusses how the results of national and statewide elections could have major impacts on the future of ride-sharing and infrastructure.

Investors want more standardized, robust climate change disclosure

The Bond Buyer | October 26, 2020

This article on The Bond Buyer’s California Public Finance Conference Monday, which focused on how climate change will affect investors and rating agencies, quotes Los Angeles Project Finance & Public Finance partner Rudy Salo on the impact of Exxon Mobil’s litigation against California issuers on municipal markets.

California Markets Its Second Deal Using Millionaire's Tax Credit

Bond Buyer | October 22, 2020

This article on the sale of $450 million in taxable social bonds from the California Health Facilities Financing Authority mentions NP as disclosure counsel. This marks the second round of bonds under the state’s No Place Like Home legislation, which was signed by former Gov. Jerry Brown in 2016 to fund housing for unsheltered people with mental illnesses. Los Angeles Project Finance & Public Finance partner Dan Deaton led NP’s work on this deal.

Rising Stars

The Bond Buyer | October 19, 2020

This article features Rochester Project Finance & Public Finance partner Barry Carrigan for being named as one of The Bond Buyer’s “Rising Stars,” a top accolade in the public finance industry. The article also quotes Project Finance & Public Finance practice group leader and New York partner Ken Lind on Barry’s ground-breaking financing for clients such as BNY Mellon Capital Markets, LLC.

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.

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.

Taxable Issuance May Be Expanding Muni Base; NYC Tops $9.8B Slate

The Bond Buyer | September 11, 2020

In this article on the state of the municipal bond market, the firm is mentioned for serving as bond counsel to the MTA in its $900 million sale of Series 2020D transportation revenue climate bond certified green bonds in three offerings of $300 million each.

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.

SFO prepares bond refunding as airport rides out pandemic

Bond Buyer | July 30, 2020

This article about San Francisco International Airport (SFO) and its preparations for a $291 million bond refunding deal mentions NP as disclosure counsel. San Francisco partner Travis Gibbs and Los Angeles partner Dan Deaton and counsel Heather White, all of the Project Finance and Public Finance Group, advised on this matter.

Top muni bond counsel first half 2020

The Bond Buyer | July 15, 2020

This article on municipal bond counsel rankings lists Nixon Peabody among the top 10 bond counsel firms for the first half of the year.

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.

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.

“Execution Mode” – Tax equity scopes out carbon capture

Power Finance & Risk | July 02, 2020

New York City Project Finance & Public Finance partner and Energy & Infrastructure Projects co-leader Ellen Friedman is quoted in this article for her outlook on how the Treasury Department and Internal Revenue Service’s recent guidance on 45Q tax credits will launch innovative carbon capture projects. Ellen is also mentioned for advising OGCI Climate Investments LLP to develop a large-scale carbon capture facility.

Airport P3s – Looking down the runway

Project Finance International | June 16, 2020

Project Finance & Public Finance partners Roddy Devlin, in New York, and Angelica Valencia, in Los Angeles, contributed this article on their outlook on P3s in the airport industry, and the downstream effect of COVID-19 on new project development.

GFOA members urge issuers to disclose coronavirus impacts

The Bond Buyer | June 05, 2020

This article quotes Los Angeles Project Finance and Public Finance partner Dan Deaton on SEC guidance for disclosures and how the uncertainty caused by the pandemic has impacted the market.

SEC Chair Clayton provides guidance on coronavirus disclosure

Bond Buyer | April 23, 2020

In this article discussing SEC Chair Jay Clayton’s guidance on corporate disclosure during the COVID-19 pandemic, Los Angeles Project Finance and Public Finance partner Dan Deaton provides commentary about how the virus is introducing complexities to disclosures across markets.

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.

University of Chicago and several Illinois health systems prepping deals

The Bond Buyer | March 03, 2020

This article mentions Nixon Peabody as borrower’s counsel for NorthShore University Health System’s plan to sell new-money and refunding debt next week. Chicago Project Finance and Public Finance partner Julie Seymour and associate Gretchen Sherwood were the deal attorneys.

Solar Power Access: A Matter of Justice

Washington Lawyer | March 01, 2020

This in-depth profile of New Partners Community Solar features Nixon Peabody’s role in the project and quotes Washington, DC, Community Development Finance senior counsel Jeff Lesk and senior counsel Herb Stevens.

Taxable bond surge boosts Northeast volume

The Bond Buyer | February 21, 2020

This article about year-over-year rise in taxable bond volume noted that Nixon Peabody soared to second place from tenth in the list of top bond counsel in the Northeast.

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.

Member Spotlight: Jade Turner-Bond

National Association of Bond Lawyers | January 31, 2020

Los Angeles Project Finance and Public Finance associate Jade Turner-Bond discusses her career, her hobbies, and the value of NABL membership in this Q+A.

Top muni bond counsel of 2019

The Bond Buyer | January 21, 2020

This story highlights Nixon Peabody is one of the top 10 firms for municipal bond counsel work in 2019.

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.

It's a wrap: Munis end on a quiet note

The Bond Buyer | December 31, 2019

This article mentions Nixon Peabody’s role as bond counsel to the Metropolitan Transportation Authority in its sale of green revenue bonds and bond anticipation notes.

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.

Rhode Island Infrastructure Bank to sell water bonds

The Bond Buyer | December 02, 2019

This article highlights Nixon Peabody’s role as bond counsel in the Rhode Island Infrastructure Bank’s planned sale of $154 million of refunding bonds.

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.

Top Q3 muni bond counsel

The Bond Buyer | October 16, 2019

This quarterly article on municipal bond counsel rankings lists Nixon Peabody for ranking in the top 10 bond counsel firms for the first three quarters.

N.Y. MTA, University of Nebraska bond, notes sell; the importance of having taxable

Bond Buyer | October 11, 2019

This article mentions Nixon Peabody’s role as bond counsel to the New York Metropolitan Transportation Authority in its sale of Series 2019E transportation revenue bond anticipation notes.

BDA adds more small firms to its ranks

Bond Buyer | October 10, 2019

The article mentions Nixon Peabody’s representation of the Bond Dealers of America as a sign of the lobbying organization’s growth since its founding in 2008.

Rising stars: Angelica Valencia

The Bond Buyer | September 24, 2019

Los Angeles Project Finance and Public Finance partner Angelica Valencia has earned recognition as a Rising Star from The Bond Buyer, a leading publication for municipal finance news. Angelica is also one of three honorees featured on this year’s supplement cover.

Let someone else do the driving: why public transportation is the way to go

Forbes | September 19, 2019

Los Angeles Project Finance and Public Finance partner Rudy Salo, a new regular contributor to Forbes, writes about the benefits of relying on public transportation for your daily commute.

Lots of muni supply in a short week as market to see $7.6B bonds, $1B+ notes

Bond Buyer | September 03, 2019

This roundup of municipal market news mentions Nixon Peabody for serving as bond counsel to the New York Metropolitan Transportation Authority in its sale of $1 billion of Series 2019D-1 transportation revenue bond anticipation notes.

First-half volume took a Northeast dip

The Bond Buyer | August 19, 2019

This article mentions Nixon Peabody’s ascension to the No. 2 spot in bond counsel rankings in the Northeast for the first half of the year.

San Francisco airport will price into market hungry for California paper

Bond Buyer | August 09, 2019

This article mentions Nixon Peabody’s role as disclosure counsel in San Francisco International Airport’s upcoming pricing of $1.2 million in revenue bonds.

Hawkins holds onto top underwriters counsel 1H ranking and Orrick once again on top of bond counsel 1H rankings

The Bond Buyer | July 17, 2019

Nixon Peabody is featured among the top 10 bond counsel and underwriter counsel in The Bond Buyer’s 2019 first-half rankings.

Could ‘beautiful clean coal’ be the next big thing in tax equity?

Power Finance & Risk | July 03, 2019

This story features New York City Project Finance and Public Finance partner Ellen Friedman discussing the view within the tax equity community about alternative investment structures for tax credits resulting from carbon capture activity. 

Rhode Island Infrastructure Bank to sell drinking water bonds

The Bond Buyer | June 12, 2019

This article mentions Nixon Peabody as bond counsel for the sale of $42.3 million in fixed-rate safe drinking water bonds.

Cook County mulls securitization as revenue bonds face pressure

The Bond Buyer | June 11, 2019

New York City Financial Restructuring and Bankruptcy partner Robert Christmas is quoted in this story for his role as counsel to the city of Chicago in a tax securitization matter. Cook County may now emulate the securitization structure Chicago used.

Nixon Peabody boosts infrastructure reach through Squire Patton Boggs hires

The Bond Buyer | June 11, 2019

This feature highlights the arrivals of New York City partner Chris Reitzel and Albany counsel Jeff Pohl to Nixon Peabody’s growing Project Finance and Public Finance practice group.

MWAA's Dulles Toll Road deal prices; more muni supply on the way next week

The Bond Buyer | June 06, 2019

This article mentions Nixon Peabody as bond counsel to Metropolitan Washington Airports Authority’s sale of $164.31M revenue refunding bonds.

A deal to note: Los Angeles County sells $700M of TRANs in negotiated deal

The Bond Buyer | June 06, 2019

Nixon Peabody is mentioned in this story as bond counsel to Loudon County, Virginia’s sale of $170.37 million in GO public improvement bonds.

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.

FEC Chair Rips Peers For Nixing Thornton Donation Inquiry

The Bond Buyer | May 20, 2019

Nixon Peabody is mentioned in this article for its work on an opinion on the tax-exempt status of A-2 and B-2 bonds to be offered as an exchange to holders of restructured COFINA bonds.

N.Y. MTA sells more than $1B of notes; CUSIP requests continue to increase

The Bond Buyer | May 17, 2019

This roundup of muni market activity highlights Nixon Peabody’s role as bond counsel in the MTA’s sale of bond anticipation notes to seven groups.

2019 Excellence in Law Award winners

The Daily Record | April 18, 2019

Several colleagues in Nixon Peabody’s Rochester office were recognized by the Daily Record as part of this year’s Excellence in Law Awards. Corporate counsel Anita Pelletier was named one of the Top Women in Law. Project Finance and Public Finance associate Jessica Paulin and Corporate associate Kat Murphy were chosen as Up and Coming Attorneys. Records coordinator Nancy Lopez was honored as an Unsung Legal Hero.

Career Tracker Lawyers on the Move

Reuters Legal | April 14, 2019

The recent additions of New York partner Chris Reitzel  and Albany counsel Jeff Pohl to Nixon Peabody’s Project Finance & Public Finance team are highlighted in Reuters Legal’s Career Tracker column.

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.

Movers & Shakers

The Deal | April 07, 2019

The additions of New York City partner Chris Reitzel and Albany counsel Jeff Pohl to Nixon Peabody’s growing Project Finance and Public Finance practice group are highlighted in this article.

Nixon Peabody hires two from Squire

Project Finance International | April 03, 2019

The additions of New York City partner Christopher Reitzel and Albany counsel Jeffrey Pohl to Nixon Peabody’s growing Project Finance and Public Finance practice group are highlighted in this

IRS acknowledges some bond audits are erroneously selected

The Bond Buyer | March 11, 2019

This article recaps the recent National Association of Bond Lawyers panel on bond audits. Washington, DC Project Finance and Public Finance partner Bruce Serchuk, who served as the panel’s moderator, is quoted discussing best practices on when to send documents to the IRS.

Municipal bonds: The antidote for those retail investors on a low-SALT diet

The Bond Buyer | March 11, 2019

In a trends article on the municipal bond market, Nixon Peabody is mentioned as bond counsel to the New York Metropolitan Transportation Authority’s anticipated $750M sale of Series 2019A dedicated tax fund bond notes.

Municipal bond supply rises to $5.7B

The Bond Buyer | February 25, 2019

Nixon Peabody’s work as bond counsel to the New York City Municipal Water Finance Authority in its sale of revenue bonds in two offerings is mentioned in this article.

Valencia named Nixon Peabody partner as her role expands

The Bond Buyer | February 12, 2019

Los Angeles Project Finance and Public Finance partner Angelica Valencia is featured in this story on her promotion to partner. Practice group leader Ken Lind is also quoted.

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.

Top muni bond counsel of 2018

The Bond Buyer | January 16, 2019

Nixon Peabody is listed as a top 10 muni bond counsel firm for 2018.

How driverless cars will reshape cities

Spectrum TV | January 08, 2019

Los Angeles Office Managing Partner Justin Thompson appeared in this live TV segment to discuss how the increasing number of driverless cars on the road will change the way cities operate.

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.

Bond Buyer’s Top 10 of 2018

The Bond Buyer | December 20, 2018

The Bond Buyer’s story on the arrival of New York City Project Finance and Public Finance partner Roddy Devlin at Nixon Peabody was the third most-read article of 2018.

RFP issuance activity uptick

Power Finance & Risk | October 29, 2018

Albany Project Finance and Public Finance partner Rich Cogen is quoted in this article on the trend of increasing RFP activity for renewable energy projects, even in some unexpected states.

Contacts

Kenneth C. Lind

Partner
Team Leader, Project Finance and Public Finance

klind@nixonpeabody.com

Phone: 212-940-3005

Daniel M. Deaton

Partner

ddeaton@nixonpeabody.com

Phone: 213-629-6050

Bruce M. Serchuk

Partner

bserchuk@nixonpeabody.com

Phone: 202-585-8267

Julie K. Seymour

Partner

jkseymour@nixonpeabody.com

Phone: 312-977-4353

Virginia Wong

Partner

vwong@nixonpeabody.com

Phone: 212-940-3028

  • Named by by U.S. New/Best Lawyers 2021 as ‘Law Firm of the Year’ for Public Finance Law
  • Recognized by U.S. New/Best Lawyers 2020 as a National Tier 1 leader for Public Finance Law
  • Recognized by U.S. News/Best Lawyers 2020 as a Metro Tier 1 leader for Public Finance Law in Chicago, Los Angeles, Rochester, and Washington, DC
  • Recognized by U.S. News/Best Lawyers 2019 as a National Tier 1 leader for Public Finance Law
  • Consistently ranked Top 10 in bond counsel, underwriter’s counsel, disclosure counsel, and special tax counsel by Thomson Reuters
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