Our project finance and public finance lawyers have extensive experience at every stage of social infrastructure projects. This includes creating innovative public-private partnerships, or P3s, between local governments and the private sector that facilitate the development or redevelopment of arts, hospitality, medical, sports and other social infrastructure projects.
Recently, for example, we represented the sponsors and project company in the development and financing of a modern courthouse in Howard County, Maryland, through a unique P3 arrangement.
Other notable projects include Texas Medical Center, Texas Rangers Stadium, Museum of Fine Arts Houston, and the Toyota Field and STAR Soccer Complex in San Antonio, as well as the development of a convention center headquarters hotel and mixed-use development in New Orleans.
Recent Notable Matters
Brazos Presbyterian Homes, Inc. and BHP Holding Co. — acquisition of Longhorn Village, an entrance fee life plan community in Austin, Texas, through a member substitution transaction resulting in BPHH becoming the sole member of Longhorn Village; before the change in control, Longhorn Village was previously sponsored by The Texas Exes, the official alumni association of the University of Texas
City of Arlington, Texas — counsel in connection with the development of a new retractable-roof stadium for the Texas Rangers
City of Arlington, Texas – development and funding agreement between the Dallas Cowboys NFL football club and the City setting forth the terms, conditions and obligations of the City and the Dallas Cowboys for the development and financing of the Dallas Cowboys Stadium. The estimated total cost of the Cowboys Stadium was approximately $1.1 billion. The Stadium was completed and opened as scheduled.
City of Irving, Texas — Development of an entertainment venue and convention center hotel. The project involves the use of hotel occupancy taxes and the innovative use of state revenues made available to the project under the “Brimer Bill”.
City of San Antonio, Texas — $263 million development, construction, lease and operation of the Grand Hyatt Convention Center Hotel in San Antonio, Texas, including a subsequent condominiumization and recapitalization of the project
Edgemoor-Star America Judicial Partners — preferred bidder on the Howard County Maryland Courthouse P3 project, which achieved financial close in October 2018
European investor — acquisition of a multinational telecommunications backbone and infrastructure provider with assets across Latin America*
Houston Livestock Show and Rodeo Inc. — initial development, leasing, financing and sponsorship of NRG Stadium (then Reliant Stadium), as well as ongoing matters related to further development NRG Park and redevelopment of NRG Astrodome
Kinder Foundation — $215 million public-private partnership for the development and financing of the Bayou Greenways 2020 project to create an interconnected park and trail system along each of the ten bayous located in Houston, Texas, including the structuring of a synthetic TIRZ financing mechanism
Kinder Foundation — $75 million public-private partnership for the development and financing of the Buffalo Bayou project in Houston, Texas
Manchester Texas Financial Group — Representation of the owner/developer of a $390 million convention center hotel in Austin, Texas with respect to financing and construction matters. The property features over 1,000 guest rooms and suites and nearly 140,000 square feet of total meeting space.
Midtown Redevelopment Authority — counsel in connection with an agreement regarding the development and construction of a single level underground parking garage that will provide approximately 400 public parking spaces on property along Main Street in downtown Houston
Museum of Fine Arts Houston — served as counsel in connection with the approximately $325 million expansion and redevelopment of its current campus, including structuring an economic development agreement in connection with the project
San Antonio Spurs Entertainment — $100 million modernization of AT&T Center and the acquisition of lease and development rights for Toyota Field and the STAR Soccer Complex, home and practice facility to San Antonio FC
Sueba USA Corporation — counsel in the negotiation of a development agreement with the Katy Development Authority which involved the development of an 89-acre park, a two-phased loft living project, a mixed-use retail center and related parking facilities
Texas Medical Center — Development of a 28-acre biomedical innovation and commercialization campus known as TMC3. The facility will be a cooperative development between the medical center and four public medical institutions, including a world-renowned cancer center and a major public university’s health center. Texas Medical Center will also be entering into a participation agreement with a private party for the development, lease and operation of a hotel and conference room facility to serve the Texas Medical Center and the TMC3 project.