Clayton Gantz

Clayton B. Gantz is a partner at Manatt, Phelps & Phillips LLP, a national law firm with offices in Los Angeles, Orange County, San Francisco, Palo Alto, Sacramento, New York City, Albany, and Washington, D.C.

Though public/private partnerships are not new, they are being used more widely in a variety of new contexts and are evolving to take more extensive and complicated forms of shared risk and responsibility. These changes will accelerate if the U.S. federal government moves forward with broad public investment to modernize infrastructure through the use of tax credits to engage the private sector.
If CMBS loans are inconvenient in a good market, in a down market they can be remarkably problematic, subject to high fees, possibly subject to double taxation, and inflexible regarding modifications of terms. Read what to look for before borrowing.
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