The Bond Buyer
selected Kelly Hart’s client, The Fort Worth Transportation Authority, for the Southwest Region Municipal Bond Deal of the Year. The editors of The Bond Buyer have selected for special recognition outstanding municipal bond transactions that closed between October 1, 2016 and September 30, 2017. Nominations for the award represented the full diversity of the communities and public purposes that are served by the municipal finance market. “The nominees faced stiff competition from many eminently qualified deals,” said Michael Scarchilli, Editor in Chief of The Bond Buyer. “We chose the finalists for innovation, the ability to pull complex transactions together under challenging conditions, the ability to serve as a model for other financings, and the public purpose for which a deal’s proceeds were used.” Recently, The Bond Buyer announced eight finalists, selecting the Fort Worth Transportation Authority for the Southwest Region and describing the transaction as “[t]he Fort Worth Transportation Authority’s first-ever transaction, a $325 million private placement to fund a commuter rail line that will alleviate traffic, provide much-needed rail service to Dallas-Fort Worth airport, connectivity to Dallas Area Rapid Transit’s rail system, as well as improving air quality.” Jonathan Cranz, Brandon Hill, and Dan Settle served as bond counsel on the transaction.