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Conference Steering Committee Member Biographies Affiliations listed are as of the date of the Transportation In his role as RIDOT director, Ankner headed the gov- Financing Conference, October 2002. ernor's Office on Highway Safety, served on the boards of the Rhode Island Turnpike and Bridge Authority, the William D. Ankner, Committee Chair, is director of the Rhode Island Public Transit Authority, and the Trans- Rhode Island DOT (RIDOT). He came to RIDOT in portation Center of Excellence at the University of Rhode December 1996 from the Delaware DOT (DDOT), Island. He was the governor's representative on interna- where he was director of financial management and tional trade for the New England Governors and Eastern budget, a position he held for 3 years. Canadian Premiers Association. Also, he is past president While at RIDOT, Ankner increased the department's of the Northeast Association of State Transportation Offi- productivity and implemented a fix-it-first philosophy, cials (NASTO) and its regional representative to the allocating the majority of the department's funding to fix- AASHTO-AGC-ARTBA (American Association of State ing the infrastructure before undertaking new projects. He Highway and Transportation Officials, Associated Gen- also instituted a bridge maintenance program that was eral Contractors of America, and American Road and designed to better track the condition of the state's bridges. Transportation Builders Association) Joint Committee. Ankner was committed to the success of the state's bicy- As a member of the board of AASHTO, he chaired cle and pedestrian path network, stressing its importance AASHTO's Administrative Subcommittee on Trans- within the state's overall transportation system. He was also portation Finance and served on the Standing Commit- a strong advocate for intermodalism, helping to develop a tees for Aviation and the Environment. He is an adjunct seamless transportation system and providing the necessary professor at the University of Rhode Island and a Trustee infrastructure for the connection between air, transit, and of Bryant College. rail. He also supported the state's enhancement program, Ankner holds an M.A. and a Ph.D. from the Univer- which focused its efforts on nontraditional transportation sity of Ottawa, an L.Ph. from St. Paul's University projects such as those that improve the environment, (Ottawa), and a B.A. from Stonehill College in North preserve historic resources, and beautify the landscape. Easton, Massachusetts. Ankner's leadership resulted in a variety of legislative successes. Crucial traffic legislation passed during his Peter J. (Jack) Basso is director of management and busi- tenure includes stiffer penalties for drunk drivers; a ness development for AASHTO. Having joined AASHTO graduated driver's license bill; a law requiring helmets as chief operating officer and business development direc- for children who use bikes, scooters, and in-line skates; tor in March 2001, he oversees the management of a $33 a $50 penalty for failing to wear a seatbelt; a child million nonprofit organization representing the interests endangerment law; and an open container law. of state DOTs. He develops new member services and 86

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CONFERENCE STEERING COMMITTEE MEMBER BIOGRAPHIES 87 more aggressively markets current technical services pro- mission; the New York Metropolitan Transportation vided for AASHTO members. Basso works closely with Authority; the Orange County Transportation Corridors congressional staff and with other associations who have Agencies; the Contra Costa County Transportation mutual interests in transportation financing issues. Authority; the Riverside County Transportation Author- Before joining AASHTO, Basso served as assistant ity; the San Bernardino Transportation Authority; and secretary for budget and programs and as chief finan- the San Diego Transportation Commission cial officer of the USDOT. In that capacity, he oversaw Bradshaw also had responsibility for senior manage- the development of a $60 billion budget and interacted ment of turnpike financings for New Jersey, New with senior officials, members of Congress and their Hampshire, Florida, Massachusetts, Oklahoma, Texas, staffs, and key industry officials on a wide variety of Illinois, Kentucky, and Harris CountyHouston, Texas. transportation matters. Before his appointment by He is currently involved in the financing of the Tren President Bill Clinton to this position, he served as Urbano transit system and toll road improvements in deputy assistant secretary for budget and programs. Puerto Rico and with publicprivate transportation Basso's 34 years of service as a career official included projects in California, Massachusetts, and Colorado. assignments such as assistant director for general man- In 1993, Bradshaw led a banking team's successful agement of the Office of Management and Budget, introduction to capital markets of the San Joaquin Hills deputy chair for management of the National Endow- Transportation Corridor, the first public toll road in ment for the Arts, and director of fiscal services for the California. The transaction encompassed $1.2 billion in Federal Highway Administration (FHWA). He has held senior and junior lien financing. He was also a senior numerous positions in administration and management manager for the $1.5 billion Eastern Transportation with FHWA. Corridor project in 1995 and the $1.6 billion Foothill Basso has served as a board member and chair of Transportation Corridor project in 1999. numerous councils, including 5 years as a member of the From 1977 to 1981, Bradshaw served as secretary of President's Council on Management Improvement rep- transportation for North Carolina. He is a past presi- resenting the independent agencies of the executive dent of the Southeastern Association of State Highway branch and 5 years as chair of the Small Agency Coun- and Transportation Officials and a former vice presi- cil. He also served as a member of the Consolidated dent of AASHTO and has served as a member of the Administrative Support Units board of directors. executive committee of the Transportation Research Basso earned a B.S. in business administration from the Board (TRB) of the National Academy of Sciences University of Maryland at College Park and continued (NAS). Bradshaw has served on the board of consul- graduate study in general administration at the university tants of the Eno Transportation Foundation and as a from 1980 to 1981. member of the Board of Highway Users Federation. He Basso is the recipient of various awards, including the has been active in the development of transportation Presidential Rank Award of Meritorious Executive in legislation on both the state and national levels. 1989 and 1997; Senior Executive Service (SES) Bonus He is a former mayor of the City of Raleigh, North Awards, 1991 thorough 1996; the President's Council on Carolina; a former chairman of the Triangle J Council Management Improvement, Special Recognition Award, of Governments serving the RaleighDurhamChapel 1990; Executive Achievement Award, 1988; Senior Exec- Hill area of North Carolina; and a former member of utives Association, Distinguished Service Award, 1987; the board of directors of the National League of Cities National Endowment for the Arts, Faculty Excellence and of the Transportation Committee of the U.S. Award, U.S. Department of Agriculture Graduate Conference of Mayors. School, 1987; SES Performance Awards, 1985 through He is the former chairman of the North Carolina 1988; and the Administrator's Award for Superior Environmental Management Commission, the Greater Achievement (bronze medal), 1980. Raleigh Chamber of Commerce, the United Way of Wake County, and the North Carolina Citizens for Thomas W. Bradshaw, Jr., is managing director and co- Business and Industry. He is vice chairman of the North head of Salomon Smith Barney's Transportation Group. Carolina Global TransPark Authority and is a member Before joining Salomon Smith Barney, Thomas Bradshaw of the Southern Growth Policies Board. He currently worked for another major investment banking firm in serves as the chairman and a member of the Executive New York. He was responsible for senior management Committee of the Board of the Public School Forum for of transportation financing for the Arizona, Colorado, North Carolina. Indiana, and Missouri DOTs; the Montana and Alabama Bradshaw is a frequent speaker on transportation Highway Departments; the Dallas Area Rapid Transit financing for public and private policy groups [e.g., Authority; the Los Angeles County Transportation Com- AASHTO, American Public Transportation Association

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88 T R A N S P O RTAT I O N F I N A N C E (APTA), Institute of Transportation Engineers (ITE), She has been recognized for her leadership by APTA, Design-Build Institute, National Association of Regional the Association of Metropolitan Planning Organizations, Councils, American Public Works Association, Ameri- and the Delaware Chapter of the American Planning can Automobile Association, U.S. Conference of May- Association. ors, National League of Cities, U.S. Chamber of Commerce, and other organizations]. Lowell R. Clary is chief financial planner responsible for Bradshaw served as chairman of the Transportation advising senior management on transportation finance Alternatives Group of the Transportation 2020 Program policies and initiatives at the Florida DOT and for the and chairman of the National Transportation Alliance financial management of federal aid that averages $1.5 that led to many of the new flexibilities included in billion annually. Clary is an experienced state govern- Intermodal Surface Transportation Efficiency Act ment manager in a wide range of areas, including exec- (ISTEA) and Transportation Equity Act for the 21st utive level management, management information Century legislation. systems, finance and accounting, budgeting, federal He is a former president of ARTBA's Public-Private funds management, revenue collection, bonded debt Ventures division and a member of ARTBA's board. He issuance and management, procurement, personnel man- also has served on the board of associates of the Airport agement, auditing, federal relations, legislative process, Council InternationalNorth America. and press relations. He has significant experience in many state program areas, including transportation, Anne P. Canby serves as senior consultant at health and social services, public safety, education, finan- Cambridge Systematics, Inc. She was Delaware's cial management, and revenue collection. He also is transportation secretary from 1993 to 2001. Canby is knowledgeable about environmental regulations, pro- recognized nationally as a progressive leader in the fessional regulations, community affairs, and law transportation field for transforming a traditional enforcement. He holds a B.A. in accounting from Florida highway agency into a multimodal mobility provider State University, and he is a certified public accountant. and as an advocate for integrating land use and trans- Clary is a member of the TRB Committee on Taxation portation planning. Under her leadership, DDOT and Finance. shifted emphasis from highway expansion to provid- ing choice and preserving and managing the existing Yuval Cohen is a principal at PB Consult and conducts transportation system, and improving transit service financial and economic evaluations for infrastructure became a priority. The department invested in inte- projects worldwide. As a manager of complex projects grated technology initiatives as part of its overall busi- involving toll highways and bridges, advanced rail, heavy ness plan in support of system management and rail, mass transit, pipelines, air transportation, contami- internal operations; training and diversity programs nated materials, and water treatment facilities, his broad- were instituted to strengthen professional skills of ranging management consulting engagements have department staff; and strong public outreach pro- included evaluating concession approaches to trans- grams were initiated. A key area of emphasis was portation finance; assessing toll revenue financing and shaping transportation projects to enhance communi- other funding techniques; analyzing rates of return and ties. Canby has been recognized in the leading state life-cycle issues; assessing public transit (rail and surface) newspaper as the most creative and competent cabinet productivity, cost and operations issues; and assessing member of the Carper administration. development and commercial bank transactions in Before serving as Delaware's transportation secre- emerging markets. tary, Canby led a consulting practice that focused on Cohen has provided specialized expertise to private institutional and management issues, with particular lenders, investors, and developers engaged in designing, emphasis on implementation of ISTEA. building, operating, and maintaining transportation She has been treasurer of the Massachusetts Bay facilities; to public agencies considering innovative Transportation Authority, commissioner of the New approaches to finance programs; and to freight shippers Jersey Department of Transportation and deputy assis- (air, surface, and water) affected by regulatory control, tant secretary of the USDOT. Canby has served on the deregulation, or privatization. He has managed projects executive committee or board of numerous transporta- throughout the United States, central Europe, and Latin tion organizations, including TRB, AASHTO, and America and is a recognized authority on concession- NASTO. She is a member of the Urban Land Institute, based financial portfolios. ITE's National Operations Steering Committee, and the Cohen has published widely in project finance and Women's Transportation Seminar. serves on the editorial board of Project Finance.

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CONFERENCE STEERING COMMITTEE MEMBER BIOGRAPHIES 89 For his undergraduate degree in philosophy, politics, private-sector clients throughout the United States, and economics, Cohen was awarded a Barnet scholar- Europe, east and south Asia, and Latin America. He has ship, and he was a memorial scholar at Oxford served as principal investigator on USDOT research stud- University in the United Kingdom. He earned his doc- ies and developed and taught urban transport and urban torate in economics at Columbia University, with a dis- development training courses in the United States and sertation under Nobel prize winner William Vickrey on other countries. He joined the World Bank in 1982. He congestion pricing. He has served on the faculties of is a registered professional engineer. Rutgers and Adelphi Universities. Bryan Grote is a principal at Mercator Advisors LLC, a Edward J. Corcoran II became affiliated with the financial advisory consulting firm that helps public and Boston firm of Foley Hoag LLP as counsel on private entities implement financial assistance programs November 1, 1999. Corcoran joined the Infrastructure and infrastructure project financings. Grote works with Privatization and Practice Group and concentrates on governmental agencies, special purpose organizations, providing advice to public and private sector clients in and private firms to access public and private funding the area of infrastructure development. Corcoran sources by synthesizing governmental budgetary and focuses on the implementation of innovative financing financial practices with capital markets requirements. The and procurement strategies for major projects in the firm has a special focus on transportation infrastructure transportation and public education arenas, including projects and programs. designbuild and designbuildfinance methods of Before he joined Mercator Advisors, Grote headed project delivery. the USDOT's Transportation Infrastructure Finance Before joining Foley Hoag, Corcoran served as deputy and Innovation Act Joint Program office, where is was secretary for policy and planning for the Massachusetts responsible for the evaluation and negotiation of more Executive Office of Transportation and Construction. In than $3 billion in direct loans, loan guarantees, and this capacity, he was responsible for the development of lines of credit to support project investments totaling strategies for implementing innovative financing initiatives nearly $12 billion. He also coordinated legislative pro- for both highway and transit projects. He drafted autho- posals, financial policies, special projects, and new pro- rizing legislation and developed and managed the procure- grams as financial policy advisor to the USDOT's ment process for the Route 3 North Transportation assistant secretarychief financial officer. Grote previ- Improvement Project, the first designbuildfinance trans- ously worked on budgetary and policy matters for sev- portation project in New England. eral federal agencies, including the Congressional Corcoran also served as the deputy commissioner, Budget Office, the Office of Management and Budget, chief counsel, and right-of-way director for the Massa- and the U.S. General Accounting Office. chusetts Highway Department (MassHighway), an Grote is a graduate of the University of North agency within the executive office responsible for con- Carolina and holds a master's degree in public policy structing and maintaining the commonwealth's highway from the University of Minnesota. and bridge network. A graduate of Brown University and Suffolk Dennis G. Houlihan is on the national staff of the 1.3- University Law School, Corcoran is licensed to practice million-member American Federation of State, County in the state and federal courts of both Massachusetts and Municipal Employees (AFSCME), AFL-CIO. As a and Rhode Island. Before joining MassHighway, member of the union's Department of Research and Col- Corcoran practiced in the Newport, Rhode Island, firm lective Bargaining Services, Houlihan advises the union's of Corcoran, Peckham & Hayes, PC. members and affiliates on labormanagement relations, public finance, privatization, and other public policy John W. Flora is director of the department responsible issues involving transportation, public works, housing, for the transportation, urban development, and disaster and water and wastewater agencies. He is a member of management and mitigation sectors in the World Bank's TRB's Management and Productivity Committee. Before central vice presidency for finance, private sector, and joining AFSCME in 1988, he was the assistant to the infrastructure. He has over 37 years' experience in pol- director of NAS's Committee on Science, Engineering and icy, planning, design, and operations. He began his career Public Policy's Panel on Technology and Employment. He in municipal government, where he was responsible for also was on the staff of the U.S. House of Representa- urban transport planning and operations. He subse- tives, Subcommittee on Labor Standards. Before moving quently worked for 12 years as a consultant in trans- to Washington, D.C., in 1981, he was a San Fran- portation and urban development to public- and ciscobased consulting city planner for local and state

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90 T R A N S P O RTAT I O N F I N A N C E governments. Houlihan received a master's in public pol- PWF's focus is on the new business opportunities, poli- icy from the University of California, Berkeley, and a B.A. tics, regulation, deal structures, legal issues, and people in urban studies from San Francisco State University. involved in developing, financing, and operating infra- structure projects. These include airports, roads, bridges, Susan P. Mortel is director of planning and program rail projects, prisons, seaports, public buildings, and water operations for the Michigan DOT's (MDOT's) Bureau and wastewater facilities. Such limited-recourse project of Transportation Planning. Before assuming that post, financings fall under the general category of privatization she had been assistant deputy director. She is responsi- or publicprivate partnerships. ble for directing the planning and programming process PWF's readers now include government budget, fis- for MDOT's $1.2 billion capital program, including the cal management, and public works administrators; development of all major planning products for the senior executives at most major international construc- department. She also is responsible for directing the tion and engineering companies; 55 of the world's day-to-day operations of the Bureau of Transportation largest law firms; all major global consulting firms; Planning. public and private bankers involved in project finance; Mortel is a member of TRB's Committee on Statewide institutional investors; and the new international class Multimodal Planning and participates regularly on of infrastructure developers. National Cooperative Highway Research Program pan- Reinhardt has received a number of awards for the els. She is actively involved in support of MDOT's activ- timeliness and accuracy of his reporting. The National ities in AASHTO and is a past recipient of MDOT's Council for PublicPrivate Partnerships, the New York Director's Award. Business Press Association, the Atomic Industrial Mortel has worked for MDOT in positions of Forum, the Water and Environment Federation, and the increasing responsibility since 1977. She is a cum laude New Jersey Press Association have recognized his jour- graduate of Bowling Green State University (Ohio) with nalistic excellence in covering energy, environmental, a B.S. in environmental studies. She has also conducted and infrastructure development issues during the past coursework in the Michigan State University master of 25 years. public administration program. Reinhardt is a member of an ongoing National Research Council (NRC) study group on water privati- Michael A. Pagano is professor and director of the grad- zation in the United States and of a steering committee on uate program in public administration at the University innovative finance at TRB. Both groups are part of NAS. of Illinois at Chicago (UIC). Before his appointment at UIC, he was professor of political science at Miami Anthony J. Taormina is an associate at OmniTRAX, Inc., University, where he taught for 21 years. He is author of an affiliate of the Broe Companies, Inc., located in Den- two books on urban infrastructure and economic devel- ver, Colorado. OmniTRAX is one of the largest private opment; editor of Urban Affairs Review; on the editor- rail and rail-related operations in North America. In his ial board of several other journals, including Public capacity as director of seaport development, Taormina is Works Management and Policy; and author of over 50 responsible for expanding existing OmniTRAX and Broe articles and book chapters on capital budgeting and activities in the area of seaport development through finance, infrastructure, urban policy, and intergovern- acquisitions, investments, and publicprivate ventures. mental relations. He writes an annual city fiscal condi- From 1975 through May 2002, he served as executive tions report for the National League of Cities, serves as director on three U.S. seacoasts. He was also appointed a faculty fellow for the Great Cities Institute at UIC, and executive director of the Port of Palm Beach District; exec- is a member of TRB's Steering Committee for the 3rd utive director, Mississippi State Port Authority at Gulfport; National Transportation Research Conference. and executive director, Oxnard Harbor District, Port of Huanne. Taormina is a former chair of the TRB Commit- William G. Reinhardt is editor, publisher, and owner of tee on Ports and Channels. He was also a member of the Public Works Financing (PWF), the oldest subscription- NRC Steering Committee on the Intermodal Challenge: based newsletter in the world covering outsourcing, Freight Transportation Issues for the 21st Century. publicprivate partnerships in infrastructure develop- ment, and innovative finance. Under business journalist Vicki L. Winston has served as management services Reinhardt's direction, PWF has been in continuous administrator for the Alameda County (California) monthly publication since January 1988. Reinhardt Public Works Agency since joining the county in started PWF in 1987 after serving on the editorial staff November 1999. She is responsible for the financial man- of McGraw-Hill's Engineering News-Record. PWF now agement of the agency's road and flood zone funds, with has 3,500 readers and 44 advertisers in 15 countries. an annual operating and capital budget exceeding $100

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CONFERENCE STEERING COMMITTEE MEMBER BIOGRAPHIES 91 million. Winston has more than 16 years' experience in University. She is active in her community, serving as the public sector in financial and operational analyses. president of her neighborhood council, as member and She holds a B.A. in education from the University of rotating chairperson of the El Sobrante Valley North Carolina, Chapel Hill, and a B.A. in international Coordinating Council, on the Steering Committee of the relations from San Francisco State University and has El Sobrante Downtown Revitalization Committee, and completed coursework for a master's in public adminis- as planning commissioner for the city of Richmond, tration and urban studies from San Francisco State California.