@article {Smith54, author = {Paul K. Smith}, title = {Financing the Airport Light Rail Line in Portland, Oregon}, volume = {7}, number = {2}, pages = {54--67}, year = {2001}, doi = {10.3905/jsf.2001.320252}, publisher = {Institutional Investor Journals Umbrella}, abstract = {Airport MAX is a 5.5 mile light rail project in Portland, Oregon, connecting the city{\textquoteright}s public transit system to its airport. Bechtel Enterprises, the designer and builder of the facility, received in return for its services an 85-year ground lease on 120 acres of commercial property that it is developing with its partner, Trammel Crow. The $125 million cost of the light rail facility was financed jointly by the City of Portland; the Port of Portland; the Portland Development Commission; Tri-Met, the public transportation authority; and Cascade Station Development Company, the Bechtel-Trammel Crow joint venture. The interagency cooperation required to structure this complex undertaking was facilitated by a collegial management style and long-term working relationships among parties in the various organizations involved.}, issn = {1551-9783}, URL = {https://jsf.pm-research.com/content/7/2/54}, eprint = {https://jsf.pm-research.com/content/7/2/54.full.pdf}, journal = {The Journal of Structured Finance} }