August 24 2009 UPP 565 Transportation Project Funding Finance Instructor Prof Stephen E Schlickman Location Art and Design Hall 2204 Mondays 6 9 PM schlickmans rtachicago org p 312 913 3220 c 312 961 4373 Fall 2009 Syllabus This course is intended for graduate level students seeking a working knowledge on how transportation projects are funded and financed It provides a comprehensive overview of the funding and financing options and strategies for most major modes of transportation There is an emphasis on the background political process governing transportation funding Recent past and current events regarding transportation projects and programs will be used to illustrate practical application of funding and financing strategies for the real political world In addition to Prof Schlickman s own lectures which will draw on his 28 years of experience in funding transportation initiatives leading transportation managers and financial experts will provide guest lecture insights on various topics Readings Readings will be assigned as we progress through the semester There is no assigned textbook for the class FHWA and other government publications will be provided free of charge to all students Other readings will be posted on Blackboard or given out in class You should also scan the newspapers regularly for relevant articles on transportation projects to share in class Assignments Grading There will be a mid term examination and a final examination In addition a research paper on the topic of your choice relating to transportation financing will be due on Monday November 20 More information on this assignment will be provided in class Mid Term Final Exam Research Paper 40 40 20 Credit This course is to be taken for 4 Credit Hours All students should verify by Aug 31st that they have registered for the appropriate number of credit hours Failure to do so may result in a possible loss of financial aid if you are under the required credit hours for financial aid Class Schedule Aug 24 NO CLASS Aug 31 Introduction historical overview of transportation project financing SS Sept 7 NO CLASS LABOR DAY Sept 14 Local Government Municipal Highway and Transit Projects Guest Speaker Dave Seglin Chicago Department of Transportation Federal Governmental Structure Introduction to Highway Project Funding SS Reading Finish Reading Financing Federal Aid Highways FHWA 2007 Sept 21 Finance Basics Basic Funding Finance Principles SS Guest Speaker Grace Gallucci Office of Management and Budget Regional Transportation Authority RTA Sept 28 Regional Transit Funding and Financing Guest Speaker Joe Costello Chief Financial Officer Regional Transportation Authority RTA Oct 5 Highway Project Funding Finance Guest Speaker Dick Smith IDOT Oct 12 The Role of CATS and the Chicago Metropolitan Agency for Planning tentative Guest Speaker Randy Blankenhorn Chicago Metropolitan Agency for Planning tentative Historical Overview Part 2 SS Transit Finance SS Oct 16 5 8 pm Oct 19 Tollway Finance SS Circulator Project Case Study SS New Starts Small Starts SS Oct 26 MIDTERM EXAMINATION Nov 2 Local Finance SS 2 State Legislative Process SS Transit Funding and Finance Continued Discussion Nov 9 Intercity Passenger Rail Funding Finance Guest Speaker Kevin Brubaker Environmental Law and Policy Center Nov 16 Aviation Financing Guest Speakers Kitty Freidheim Freidheim Consulting Nancy Clawson PFC Case Study Nov 23 Public Private Partnerships Guest Speaker David Narefsky Attorney Partner Mayer Brown International LLP RESEARCH PAPER DUE Nov 30 Freight Funding Finance Guest Speaker Paul Nowicki Burlington Northern Santa Fe Railway Dec 7 Final Exam 3