ConstructConnect has lowered its US put-in-place construction spending forecast from 9% to 5.9% this year and from 8.5% to 6.9% for 2017. The company says energy prices, interest rates and the UK's decision to exit the European Union have caused uncertainty in the marketplace.
Houston has about 840 sewer overflows a year and is negotiating with the Environmental Protection Agency over which and how many improvements to make. Repairing and upgrading pipes, maintaining the system and educating the public on clog-avoidance could cost $5 billion.
California's poor transportation infrastructure leads to more crashes and congestion and costs its drivers $53.6 billion annually, especially in the urban areas, according to a study by TRIP.
Although sustainable wood-framed structures are becoming more popular, the Atlanta suburb of Sandy Springs has banned wood framing for structures over 100,000 square feet and three stories. It cites safety and durability concerns.
A $6.5 billion, 175-acre development is planned in central Philadelphia and will take about 35 years to build. The 18 million-square-foot project undertaken by Amtrak, the Southeastern Pennsylvania Transportation Authority, Drexel University and BrandywineRealty Trust includes capping a rail yard on which 10 million square feet will sit.
Construction costs for the soon-to-open Golden 1 Center for the National Basketball Association's Sacramento Kings have increased again. The overage is now $79 million for a total cost of $556.6 million.
Officials at the Fukushima Daiichi nuclear power plant in Japan are constructing a 100-foot-deep, milelong wall of ice underground. The $320 million project is designed to freeze the ground and stop groundwater from inundating the broken nuclear reactor, but critics are calling the effort a "Hail Mary play."
The committee on vacant and abandoned property in Merrillville, Ill., is concerned about Broadway Plaza, a retail center with 12 vacant storefronts. The city may take action against the several trusts that own the property for failure to comply with the registering of the vacant spaces and lack of communication about site plans.
The Illinois Department of Transportation now uses 93% of its budget for maintenance instead of 73% a few years ago, but this means expansion and upgrade projects get a far smaller share of funding. The agency says the state needs to come up with a sustainable way to fund such projects rather than rely on piecemeal appropriations.
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