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Krieg DeVault’s public and municipal finance team uses a unique combination of governmental experience, historical knowledge of state and local issuers, and practical but creative tax advice to help governmental entities, nonprofit organizations, hospitals, educational institutions, and private sector clients meet their tax-exempt financing needs. We have acted as bond counsel, special tax counsel, tax controversy counsel, underwriter's counsel, disclosure counsel, issuer's counsel, borrower's counsel, credit provider's counsel, and trustee's counsel in a wide-range of financings such as general obligation, revenue, lease rental, housing (bond and tax credit), economic development, infrastructure, 501(c)(3), tax increment, and cash flow transactions.  Our team of attorneys has worked on financings ranging from $100,000 to $1,000,000,000.  Each Krieg DeVault advisor is integrally involved in the financing to ensure that it is accomplished correctly, effectively, and on time.

As municipal governments face new challenges like privatization, as well as traditional concerns involving procurement, financing, and economic development, Krieg DeVault’s experience is invaluable to both public and private sector clients. Members of our team have hands-on municipal government experience, and we work closely with organizations like the Accelerate Indiana Municipalities (AIM) and the Indiana Department of Local Government Finance to keep abreast of new municipal law developments. Our firm has special insight into the complexities of privatizing municipal services, having handled one of the largest public-private partnerships of a municipal water utility ever accomplished in the United States. We also represent cities and towns before all levels of state and federal courts in controversies ranging from annexation disputes to employment litigation.

Indianapolis Redevelopment CDE LLC

New Market Tax Credit Financing of the Historic Madam Walker Legacy Center

Star Financial Bank

Aspire Indiana, Inc. Health Facility Revenue Bond Financing and Collateralization

BofA Securities

Underwriter’s Counsel for Lease Appropriation Refunding Bonds, Series 2019 G for Indiana Convention Center Expansion Project

Flaherty & Collins

Union at Berkley Park Mixed-Use Project (Kansas City, MO)

Indianapolis Redevelopment CDE LLC

New Market Tax Credit Financing and Tax Increment Revenue Bond for PR Mallory Building

Cinnaire Corp.

Secured $51 Million Equity Investments in Indiana Section 42 Tax Credit Partnerships

Indianapolis Redevelopment CDE LLC

New Markets Tax Credit Financing and Tax Increment Revenue Bond for Phoenix Theatre Education and Innovation Center

Keystone Group

Tax Increment Revenue Bond Financing and Related Matters for Intercontinental Hotel & 220 North Mixed-Use Tower

Silver Birch Living

$78.8 Million Tax-Exempt Bond Financing of Five Affordable Assisted Living Facilities

HRI Properties, LLC

$18 Million Tax Increment Revenue Bond Financing and Related Real Estate Matters for New Downtown Dual-Brand Hyatt Hotel

Indianapolis Redevelopment CDE LLC

$9.3 Million New Markets Tax Credit Financing for Riverside High School

Global Access Point, LLC

Transaction Counsel to $22.9 Million Financing for the Restoration and Adaptive Reuse of the Studebaker Assembly Complex (South Bend, IN)

City of Indianapolis & The Indianapolis Local Public Improvement Bond Bank

Bond Counsel for Advance Refunding of $159.5 Million PILOT Revenue Bonds

Vermillion Development

$45.72 Million Tax-Exempt Bond Financing of 3 Affordable Assisted Living Facilities

Focus Areas