Today’s public infrastructure projects rarely rely on a single funding source. Most depend on a capital stack that blends private and public capital, equity and debt, and federal and state financial assistance programs.
Kaplan Kirsch has served as bond, disclosure, and procurement counsel on infrastructure financings ranging from a $600 million airport redevelopment to a P3 project honored as P3 Bulletin’s Best Road/Bridge/Tunnel Project. Kaplan Kirsch attorneys appreciate the complexity of financing infrastructure and help clients navigate the process of securing funding and negotiating financing arrangements. We advise clients on funding issues, structure options, negotiation, and implementation of infrastructure financing, and ensure compliance with the regulatory requirements unique to each type of project.
Financing Tools We Structure
Development-related financing. Tax increment financing dedicates the future increase in tax revenue generated by a redevelopment to repay the debt that funded it. We also structure special district financing and grant funding for development-related infrastructure.
Bond and credit financing. We work across private activity bonds (PABs), other forms of tax-exempt and taxable bonds, bank finance, and private placements.
Federal infrastructure loan programs. The Transportation Infrastructure Finance and Innovation Act (TIFIA) and Railroad Rehabilitation and Improvement Financing (RRIF) programs are federal credit programs that provide below-market loans for transportation infrastructure. We advise clients on structuring and closing both.