Lawyers in the Public Finance Group have been an integral part of numerous redevelopment project financings (both public and private) for a range of diverse clients, and have developed innovative structures that have been utilized nationally.
Raising funds through the issuance of tax-exempt and taxable bonds can be crucial to the success of a redevelopment project. The Redevelopment Area Bond Financing Law (RAB Law) was enacted by the New Jersey State Legislature in order to provide mechanisms to finance certain costs of redevelopment so as to promote private investment and stimulate redevelopment in certain municipalities within the State.
McCarter & English's attorneys are particularly well-versed and experienced in the area of public finance. The firm represents the State of New Jersey, the Commonwealth of Massachusetts and many of their agencies, counties, municipalities and county improvement authorities as bond counsel in connection with general obligation, school district, exempt facility and revenue bonds and certificates of participation. Its attorneys also act as counsel to underwriters, letter of credit banks and trustees in public finance transactions throughout the U.S., and have represented real estate developers in public finance transactions involving tax incremental financing.