David Miller is head of PFM’s national transportation finance practice, based out of our Orlando office, where he specializes in transportation financings. David’s services for major transportation clients involve many large and innovative financing efforts, including the Kentucky Public Transportation Infrastructure Authority for the Louisville Southern Indiana Ohio River Bridges project, the North Carolina Turnpike Authority’s development and financing of five separate toll facility projects, the South Carolina Transportation Infrastructure Bank, and the Hampton Roads Transportation Accountability Commission including their Hampton Roads Bridge Tunnel mega-project. He also serves a number of port authorities including North Carolina, Jacksonville, Canaveral, Tampa, and New Orleans, among others.
David has served as lead financial advisor on engagements that have included over $25 billion of new money and refunding debt structures secured by toll revenues, gas tax and vehicle registration fee revenue, general obligation, sales tax revenue, airport revenue, seaport revenue, tourist/hotel tax revenue, water and sewer system revenue, solid waste facilities revenue and excise tax revenue. He has extensively researched and used innovative financing programs, such as Transportation Infrastructure Financing and Innovation Act (TIFIA), P3 evaluation and implementation, "shadow tolls" for the Federal Highway Administration and revolving loan structures for state infrastructure banks (SIBs).