Fargo-Moorhead flood risk management P3 wins Deal of the Year

By The Bond Buyer
December 06, 2022, 9:19 p.m. EST

The public-private partnership between Red River Valley Alliance and the Metro Flood Diversion Authority won The Bond Buyer’s 21st annual Deal of the Year award for its bonds issued through the Public Finance Authority to reduce local flooding risk…

“Our editorial board selected a financing that features many of the key characteristics we look for in the Deal of the Year,” Mike Scarchilli, editor in chief of The Bond Buyer, said at Tuesday’s gala. “This was a complex public-private partnership, a massive, first-of-its kind project that fostered federal, state, and private-sector collaboration and funding. It met a critical public need, working creatively to solve a problem that needed to be solved. And the deal that resulted set a template for others to follow in the future.”

Read the complete article here: https://www.bondbuyer.com/news/midwest-public-private-partnership-wins-bond-buyer-deal-of-the-year

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