Steve T. Park

Tel 215.864.8533
Fax 215.864.8999

Steve T. Park is the Practice Leader of Ballard Spahr's P3/Infrastructure Group and the Co-Practice Leader of the firm's Project Finance Group. Steve advises issuers, underwriters, borrowers, and purchasers in connection with the structuring, issuance, offering, remarketing, and restructuring of tax-exempt and taxable securities and other debt instruments and derivatives. He serves as bond, borrower's, and underwriter's counsel to various clients, including investment banking firms, higher education institutions, health care institutions, school districts, and municipalities.

Steve also advises clients in all phases of transportation, infrastructure, and public-private partnership (P3) projects. Some notable engagements include:

  • Counsel to the Virginia Department of Transportation for the I-95 HOT Lanes Project, the I-395 HOT Lanes Project, and the Northern Extension of the Capital Beltway HOT Lanes
  • Counsel to the Georgia Department of Transportation for the I-285/SR 400 Reconstruction Project
  • Counsel to the Pennsylvania Department of Transportation for the Pennsylvania Turnpike privatization and the Middletown Station project
  • Counsel to Amtrak in connection with the redevelopment of Chicago Union Station, Baltimore Penn Station and Philadelphia 30th Street Station
  • Counsel to multiple universities in connection with the P3 development of student housing facilities and energy facilities, including Delaware State University and Howard University
  • Bond Counsel for the Pennsylvania Rapid Bridges Replacement Project
  • Bond Counsel for the Purple Line Light Rail Project
  • Counsel to the Colorado Department of Transportation for Phase 1 of the U.S. 36 Managed Lanes Project
  • Counsel to the Federal Railroad Administration for the Denver Union Station Project
  • Counsel to underwriters and lenders in connection with multiple projects, including Belle Chasse (LA) Bridge and Replacement Project, the Seagirt Marine Terminal Project, the Miami Dade Courthouse Project, the Allentown water and sewer system privatization, Phase 2 of the Colorado U.S. 36 Managed Lanes Project, military housing privatizations, and university student housing privatizations

Pro Bono Experience

Steve is an active participant in election monitoring with the Committee of Seventy and Asian American Legal Defense and Education Fund (AALDEF).

Professional Activities

National Association of Bond Lawyers

Pennsylvania Association of Bond Lawyers

National Asian Pacific American Bar Association

Asian Pacific American Bar Association of Pennsylvania

Ballard Spahr's Philadelphia Hiring Committee

Recognition & Accomplishments

Chambers USA, "Associates to Watch," Projects: PPP, 2015-2016; "Up and Coming," Projects: PPP, 2017-2018; Projects: P3 (Nationwide), 2019


Co-author of Ballard Spahr Public Finance alerts:

"Governmental Accounting Standards Board Proposes Updated P3 Guidelines," June 27, 2019

"New Jersey P3 Legislation Expands Opportunities for Major Infrastructure Projects, Including Roads," August 20, 2018

"White House Unveils Infrastructure Plan: Funding Questions Remain," February 20, 2018

"Private Activity Bonds Under President Trump's 'Legislative Outline for Rebuilding Infrastructure in America,'" February 16, 2018

"INFRA Grant Program Encourages Use of P3s," July 12, 2017

"Louisiana Amends P3 Legislation Granting Authority to DOTD," August 5, 2016

"New Hampshire Enacts P3 Legislation," July 15, 2016

"Proposed Legislation Provides Further Support for P3 Transportation Infrastructure Projects," September 24, 2015

"Congress Passes Highway Funding Bill; Includes Pension Funding Relief," August 4, 2014

"Water Resources Legislation Could Lead to Increase of U.S. Water P3s," June 13, 2014

"Maryland Passes P3 Legislation," April 9, 2013

"President Obama Proposes Plan To Encourage Private Investment in Infrastructure," April 5, 2013

"Water Infrastructure Loan Program Reintroduced in Congress," March 5, 2013

"P3 Solution for Pennsylvania Bridge Repairs Must Wait for Transportation Plan To Pass," February 13, 2013

"Can New Jersey Bank on the Infrastructure Bank?" February 11, 2013

"Pennsylvania's P3 Implementation Manual: An Overview," January 10, 2013

"New Report Identifies $2.5 Billion-Plus in Delaware Valley Infrastructure Funding Needs," November 7, 2012

"Pennsylvania P3 Board Members Named," October 1, 2012

"Obama Signs Transportation Bill," July 12, 2012

"Pennsylvania Joins Growing List of States with P3 Legislation," July 6, 2012

"Chicago Adopts Innovative Infrastructure Trust," April 30, 2012

Speaking Engagements

"Updates from DC - Transportation Bill, Gas Tax, Infrastructure Bill and More," The Bond Buyer's Transportation Finance/P3 Conference, Denver, CO, November 14, 2019

"P3 Case Study – Making P3s Work in Pennsylvania," Pennsylvania Water Environment Association's PennTec 2019, June 4, 2019

"Hot Topics in Education - University P3s," Ballard Spahr webinar, March 13, 2019

"High-Level Legal and Accounting Principles to Consider for P3s," National Federation of Municipal Analysts: NFMA Advanced Seminar on P3s, January 31-February 1, 2019

"Lessons Learned in P3s," Treasury Institute for Higher Education: Treasury Symposium, January 29, 2019

The Bond Buyer's Transportation Finance/P3 Conference, November 29, 2018

"Managing Risk," Council of Development Finance Agencies: Intro Public-Private Partnership (P3) Webcourse, June 21, 2018

Higher Education Roundtable, May 8, 2018

Adams County (Colorado) Economic Development Investor Forum, December 1, 2017

"The P3 Success Record: Applications Across Sectors," Mid-Atlantic Municipal Market Conference, October 24, 2017 

"P3/ Infrastructure Plans Funding," Pennsylvania Association of Bond Lawyers Annual Seminar and Meeting, May 25, 2017 

"P3 Bootcamp, The Premier P3 Training Course," NCPPP's Philadelphia P3Bootcamp, May 2-3, 2017 

"How Local Governments Can Position Themselves for Infrastructure Projects,” African-American Mayors Associations Annual Conference, April 28, 2017 

"Introduction to Public-Private Partnerships," Clear Law Institute webinar, January 5, 2017

"What Drives the P3," Mid-Atlantic Municipal Market Conference, October 25, 2016

"The Latest on p3 in Maryland,"2016 CDFA Maryland Financing Roundtable Conference," October 11, 2016

"Intro Public-Private Partnership (P3) Finance WebCourse/Managing Risk," Intro Public-Private (P3) Finance WebCourse, September 29, 2016

"P3Bootcamp, The Premier P3 Training Course,"NCPPP's Phoenix P3Bootcamp, September 27-28, 2016

"Public-Private Partnerships 101 – P3 Market Trends," P3 Connect, June 27, 2016 

"PPP 101," Council for Trade and Investment Promotion, November 19, 2015

"Pipeline Briefing: Roads, Bridges and Tunnels," P3 Infrastructure Summit 2015, October 14, 2015

"Off the Balance Sheet," The Bond Buyer Healthcare and Higher Education Super Conference, October 27, 2014

"P3s at the State Level," ULI’s Public Development Infrastructure Council Fall Meeting, October 22, 2014

"Public-Private Partnerships for Transportation Projects," International Municipal Lawyers Association Conference, September 11, 2014

Faculty, "Leveraging Public-Private Partnerships for Real Estate Development: Beyond Bridges and Roads," Strafford CLE webinar, August 14, 2014

"P3: A Key Infrastructure Financing Model," 2014 CDFA Pennsylvania Financing Roundtable Conference, June 12, 2014

Faculty, "Financing Public-Private Partnerships for Infrastructure, Transportation, Energy and Redevelopment Projects," Strafford CLE webinar, January 14, 2014

"P3/Monetizations," The Bond Buyer Healthcare and Higher Education Super Conference, October 28, 2013

"The New Deals: Public-Private Partnerships," Bond Attorneys' Workshop, September 26, 2013

"Identifying, Mitigating, and Allocating Risk," Port of Miami, Successful Partnerships for Ports & Intermodal Investments, Pre-Summit Workshop for the Port & Intermodal Finance & Investment Summit, Miami, April 16, 2013

"Current State of PABs, RRIF and TIFIA Programs," The Bond Buyer Transportation Finance/P3 Conference, November 29, 2012

Community Activities

Before joining the firm, Steve worked in several capacities serving the needs of underprivileged, special-education, and at-risk children and teenagers.

University of Pennsylvania Law School (J.D. 2006)
Senior Editor, Journal of International Economic Law

Dartmouth College (B.A. 1998)