A 26,000-seat soccer stadium and an 18,000-seat hockey arena, each with accompanying retail and entertainment space, have been proposed for Belmont Park in New York City and could create 4,500 and 5,500 construction jobs, respectively. The Empire State Development Corp. will select one of the two proposals in the next few months.
Trump administration officials are finalizing a plan that would allocate $200 billion or more to spur investment in a $1 trillion infrastructure package, and they could push toward adoption of a plan in January. There appears to be support for infrastructure spending among many groups, but many in Congress are not in favor of increased spending on infrastructure.
The Dodge Momentum Index was up 13.9% in November and increased 21% year over year. It was the second straight rise for the index after four months of slowing construction activity.
Congress is reconciling the House and Senate tax proposals without taking advantage of an opportunity to increase the federal gasoline tax, which it did in tax reforms under presidents Ronald Reagan and Bill Clinton. Some states are taking matters into their own hands with gas tax increases and other funding solutions.
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Chip architect Jim Keller is developing a customized artificial intelligence chip for Tesla, CEO Elon Musk has reportedly confirmed. The chip could be used to replace Tesla's current NVIDIA graphics processor in its Autopilot semi-autonomous driving system.
Intense competition for users in China's bike-sharing markets has forced many companies out of business, and remaining firms must consider their options to survive, writes Meng Jing. At its peak, China's bike-sharing market included some 100 companies, and now the remaining three -- Ofo, Mobike and Hellobike -- must decide whether to merge or continue spending to survive.
Large construction projects in Arkansas were valued at more than $2 billion, and education projects dominated the activity. This year's list of the top 150 projects featured structures at 37 elementary, middle school or high school.
Project management theory developed when construction projects followed the lines of an industrial model are a poor fit for today's largest projects, consultant Robert Prieto writes. What's needed is a new framework that, among other things, consistently communicates changes in desired outcomes and includes risk models that fully account for what are perceived as low-probability risks.
Bridges longer than 20 feet must be inspected every two years, and for Missouri's 10,000 bridges, that job falls on only a handful of civil engineers at the state's Department of Transportation. Engineer Matt Geiger said the bridges are deteriorating faster than they can be repaired or replaced, and the state is quick to close a bridge if it's deemed unsafe.
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