Debate on renewing the terrorism insurance bill and issues related to homeowners insurance demonstrate the muscle of New York's congressional delegation. The large delegation holds key insurance oversight positions in both the House and Senate.
GC Constructors, a joint venture of contractors commissioned to replace the Highway 90 Bridge over Biloxi Bay in Mississippi, has won a $5 million early completion bonus for finishing the first two lanes of the bridge before the Nov. 13 scheduled completion date. The completion was less than 18 months after the contractor received the notice to proceed, and the rest of the bridge is expected to open ahead of the April 16 completion date.
Contractors should keep light towers working properly in order to prevent work stoppages on nighttime jobs. Tips include checking on generators' air filters, oil levels and coolant levels at the start of every work day to keep systems running well.
Hotel developer Tyler Hospitality has purchased a development site in Brooklyn, N.Y., for $11.9 million and on which it plans to build a 14-story, 250-room Holiday Inn. The company is currently building a 300-room hotel in Times Square and another close to JFK airport.
Developer Sheldon H. Solow has agreed to set aside hundreds of apartments for low-income and working-class tenants in a high-rise development proposed on a former Con Edison property on the East River in New York City. Solow bought the land from the power company in 2000, and the proposed project would include a 1.5-million-square-foot office tower and six residential towers.