Monday, November 10, 2008 , Updated
NTTA named finalist for Bond Buyer “Deal of the Year” Award
The North Texas Tollway Authority (NTTA) has been selected as the Southwest region's large deal finalist for The Bond Buyer "Deal of the Year" award for its financing of the State Highway 121 project. As a result of its selection, the NTTA is a nominee for the "Deal of the Year," to be announced Dec. 3 at a ceremony at the New York Academy of Sciences.
According to The Bond Buyer -- the publication that formerly employed the award-absconding Elizabeth Albanese, ex-president of the now-sullied Dallas Press Club -- the award recognizes "some of the country's most innovative municipal bond issuers for transactions that financed projects including affordable housing, highways, schools, property tax relief, flood control, street improvements and an airport."
The entries were evaluated through October by the paper's editors. They were judged based on innovation, risk taking, financial complexity, the ability for a deal to serve as a model for other financings, and the public purpose for which a transaction's proceeds were used.
Source: NTTA
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