J. Brian Walsh
J. Brian Walsh

Brian Walsh

Senior Counsel

Tel 215.864.8510
Fax 215.864.9844

Brian Walsh has acted as bond counsel, underwriter's counsel, borrower's counsel, trustee's counsel, and counsel to banks providing credit enhancement in taxable and tax-exempt financings for energy projects, sports arenas, geothermal facilities, cogeneration facilities, secondary schools, and industrial development projects.

Mr. Walsh has a wide range of experience in developing and financing projects domestically and in the Caribbean and the Middle East. He advises clients on all phases of transportation and infrastructure projects.

  • Co-led the Ballard Spahr team representing the Philadelphia Gas Works in the proposed privatization of the nation's largest municipally owned utility
  • Led the Ballard Spahr team representing the Colorado Department of Transportation as P3 counsel in the U.S. 36 Managed Lanes Project
  • Led the Ballard Spahr team representing the underwriter of $307 million bonds used to finance the long-term concession of the Allentown Water and Sewer Authority by the Lehigh County Authority
  • Led the Ballard Spahr team representing the Commonwealth of Virginia in the I-95 HOT Lanes Project
  • Co-led the team of Ballard Spahr lawyers who represented the Governor's Office of the Commonwealth of Pennsylvania and the Pennsylvania Department of Transportation (PennDOT) in the proposed privatization of the Pennsylvania Turnpike

Mr. Walsh's representations have involved using senior and subordinated tax-exempt securities, along with commercial bank debt and leveraged leases, to finance a domestic power plant, and taxable bonds, tax-exempt bonds, and bank debt to finance a power plant in the Caribbean. He has extensive experience negotiating intercreditor arrangements among senior creditors, mezzanine creditors, and subordinated creditors.

Professional Activities

American Bar Association

Pennsylvania Bar Association

National Association of Bond Lawyers

Pennsylvania Association of Bond Lawyers


Co-author of Ballard Spahr alerts:

"New Rules Encourage Use of P3s," November 20, 2015

"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

Frequent speaker at NABL seminars

Moderator, "Maryland's New Public-Private Partnerships Legislation," Urban Land Institute Baltimore, Linthicum Heights, May 2013

Moderator, “P3s In Action: Implementing P3 Projects in Pennsylvania,” A Ballard Spahr Seminar, Philadelphia, January 31, 2013

“Public-Private Partnerships: Why They Work,” Funding Our Way: A View From Near and Far, Delaware Valley Regional Planning Commission Annual Board Retreat, Malvern, December 6, 2012

Moderator, “The Emerging Public-Private Partnership (P3) Financing Model in Pennsylvania,” 2012 Council of Development Finance Agencies Pennsylvania Financing Roundtable, Harrisburg, November 14, 2012

Moderator, “First Steps in the Process,” PPPs: Keystone to Pennsylvania’s Transportation Future, Harrisburg, October 16, 2012

Board Memberships

National Adoption Center, past board member

Georgetown University Law Center (J.D. 1982, cum laude)

Harvard College (A.B. 1972, cum laude)