The prefabricated concrete beams of a 74-foot-long bridge reconstructed this summer in Stowe, Vt., are cracking. The cracks have been filled with epoxy and Richard Tetreault, chief engineer at the Transportation Agency, says there's no near-term danger of collapse. However, he is worried that its lifespan could be less than the expected 100 years.
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.
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.
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.
State efforts to lease toll roads to Macquarie Bank Ltd., Goldman Sachs Group and other private investors are being met with resistance from the trucking industry and congressional Democrats. Congressional Democrats are threatening to withhold federal highway funds from states that lease roads to private investors in hopes of stemming fears that the new operators will be more likely to raise tolls.