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PUBLIC PRIVATE PARTNERSHIPS (P3)

Thompson Coburn is experienced in working with both governmental authorities and private sector entities in public private partnerships (P3). We help our clients understand issues from a variety of perspectives. In addition to representing federal, state and local governmental agencies of all sizes, the firm represents promoters, developers, contractors, engineers and financing sources of all types, including banks, investment funds, institutional investors, state government plans, and privately-sponsored pension plans.

 

Education

University Arena. Represented a university as to a $75 million sports and entertainment arena financed with a combination of private, State bond issue and university funding.

Student Housing. Advised the lender relative to the financing of student housing by a private group on the campus of an Illinois-based university.

Multi-Purpose Arena. Represented the issuing authority relative to bonds issued for part of the $80 million multi-purpose Missouri-based university arena, and also financed with university capital and private contributions.

Academic Facility Expansion. Represented a university relative to a $20 million expansion of an academic facility on campus land financed primarily with private contributions.

Geothermal Heating-Cooling. Advised a university in connection with installation of a campus-wide geothermal heating and cooling system, financed with New Markets tax credits and a federal renewable energy grant, owned by a partnership between the university and a local financial institution, and leased to the university.

Administrative and Infrastructure Improvements. Advised a university as to headquarters building development and associated road and parking improvements for a major U.S. company, operated and financed with $85 million in public debt and tax credits by a private developer on the university campus.

Student Housing (Missouri). Advised a mid-west university as to the development of student housing financed and operated by a private developer on campus land owned by the university.

Waste-to-Energy Facility. Advised a university in connection with a campus waste-to-energy facility, financed with a federal renewable energy grant, owned by a university-local financial institution partnership, and leased to the university.

Student Housing. Represented a university in connection with the initial leasing of campus land for a $50 million student housing project financed and constructed privately and subsequently acquired by the university.

Multipurpose Facility. Advised a university in the financing of a multipurpose facility developed by multiple public entities.

Sports and Entertainment Facilities

Football Stadium. Currently advising a regional sports authority as to development of a $1 billion professional football stadium with public bonds, tax credits and private financing.

Ballpark Stadium. Advised a public participant in connection with a $45 million participation in financing a $300 million ballpark for a prominent professional baseball team.

Performing Arts Center. Represented the lender in connection with approximately $160 million of financing towards the development of a $300 million performing arts center in Kansas City, Missouri, with additional financing provided by private foundation donations and city public infrastructure funding.

Art Museum. Advised the lender in connection with the extension of credit enhancement relating to construction of an expansion of a prominent art museum.
Zoo. Advised the institution relative to major exhibit development funded through capital campaigns and a $25 million public financing.

Opera House. Assisted the City of St. Louis and a public authority on the $79 million redevelopment of the historic opera house, owned by the City and leased to and developed by the owners of a mid-west hockey team and the adjacent hockey arena and a local private developer and financed with private loans, federal and Missouri tax credits, taxable and tax-exempt bonds, and special taxing district pledges.

Mixed Use and Retail Development

Retail, Entertainment, Residential and Office Facility. Advising a joint venture on the development of a multi-phase six-block retail, entertainment, residential and office facilities. The $100 million Phase One, completed in 2014, was financed with Missouri tax credits, tax increment financing, taxable and tax-exempt bonds, private loans and equity and is home to a variety of retail/entertainment businesses and a museum.

Premium Outlet Malls. Served as lender’s counsel to special taxing districts that provided $43 million in infrastructure funding in conjunction with the development of a 350,000 sq. ft premium outlet mall in an urbanized area. Phase I is fully leased and Phase II is currently under construction.

Retail Center. Served as lender’s counsel on the development of a suburban shopping plaza financed with tax increment financing, special taxing districts, a private loan and equity.

Roads & Bridges

U.S. 36 Expansion and U.S. 36/I-25 Managed Lanes. Served as U.S. counsel for the consortium awarded the concession to design, build, finance, operate, and maintain the U.S. 36 Phase 2 corridor and operate and maintain the U.S. 36/I-25 managed lanes in Colorado. Project financing included new and amended TIFIA loans, private activity bonds backed by toll revenue, subordinated loans, and equity.

Bridge Reconstruction. Currently serving as counsel in connection with a public-private transportation partnership agreement pursuant to which the LLC will design, construct, develop and thereafter maintain 558 structurally deficient bridge replacements across the Commonwealth of Pennsylvania at an estimated cost of $900 million.

HOV Lane Addition. Served as outside P3 counsel for a $800 million design/build HOV lane along the 405 freeway in Los Angeles.

Public Transportation

Fare Collection System. Currently serving as outside P3 counsel in connection with the public procurement of a private contractor to design, build, finance, operate, maintain, and repair the system’s fare collection system and associated revenue and regulatory issues.

Expo Light Rail Expansion. Currently serving as outside counsel for the development of procurement and contract documents for a $1.5 billion seven-mile expansion of the Expo LRT system in Los Angeles, California.

Expo Light Rail Development. Served as outside counsel in the selection of a design/build firm for the original $900 million Expo light rail transit project from downtown Los Angeles to Culver City.

Partner
Washington, D.C.
202 585 6928

Over the past 30 years, Tony has been a legal advisor to many of the nation's largest transit systems.

Over the past 30 years, Tony has been a legal advisor to many of the nation...

Tony Anderson
Counsel
St. Louis
314 552 6582

Barbara draws on her extensive background in regional government to counsel clients on the financing, zoning, and tax credit issues that crop up in public-private develop...

Barbara draws on her extensive background in regional government to counsel...

Barbara Geisman
Associate
Los Angeles
310 282 2508

Josh represents banks, finance companies, and borrowers in a wide range of financing transactions and investments.

Josh represents banks, finance companies, and borrowers in a wide range of ...

Josh Gelbart
Partner
Los Angeles
310 282 9432

Vicky is a versatile commercial finance attorney who represents banks, investors, and borrowers in a wide variety of financing transactions and investments.

Vicky is a versatile commercial finance attorney who represents banks, inve...

Vicky Gilbert
Partner
St. Louis
314 552 6168

Crystal has almost 30 years of national environmental experience and leads the transactional area of the firm's environmental practice.

Crystal has almost 30 years of national environmental experience and leads ...

Crystal Kennedy
Counsel
St. Louis
314 552 6394

Developers, nonprofit corporations, and public entities seek Bill's varied and extensive background in real estate transactions and infrastructure finance.

Developers, nonprofit corporations, and public entities seek Bill's varied ...

Bill Kuehling
Partner
St. Louis
314 552 6069

Mike focuses his legal practice on public finance, corporate law, business transactions, governmental and nonprofit law.

Mike focuses his legal practice on public finance, corporate law, business ...

Michael Lause
Partner
St. Louis
314 552 6193

Debbie is a key legal advisor to public entities, investment bankers, banks and developers in all types of public finance and development incentive transactions.

Debbie is a key legal advisor to public entities, investment bankers, banks...

Debbie Rush
Partner
Washington, D.C.
202 585 6924

Jane serves as counsel to transit agencies across the country on a range of issues from funding to project development to procurement.

Jane serves as counsel to transit agencies across the country on a range of...

Jane Sutter Starke
Partner
Chicago
312 580 2202

Rhonda is a finance attorney who leads complex, large-scale projects for public- and private-sector clients across the country.

Rhonda is a finance attorney who leads complex, large-scale projects for pu...

Rhonda Thomas
Partner
Washington, D.C.
202 585 6925

Kent is Chair of the firm's Public Transit group.

Kent is Chair of the firm's Public Transit group.

Kent Woodman