A day-long lock-down of the Palo Verde nuclear plant near Phoenix was lifted on Friday after officials determined that a pipe bomb found in a worker's truck did not pose a threat. The pipe bomb was powerful enough to damage the vehicle, but not the power plant, officials said.
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.
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.