The focused, committed actions of ASCE's members helped Congress unite behind much-needed investment in infrastructure. Explore the Society's role in passage of the federal Water Resources Development Act in Executive Director Tom Smith's latest Working for You column.
Because the US economy is performing exceptionally well the Federal Reserve looks set to boost interest rates three to four times over the next year, former Fed Chair Janet Yellen said. That scenario will hold up "unless there are significant economic surprises," she said.
Roughly $450 million of the $1.8 billion allotted to build a football stadium for the NFL's Raiders and the University of Nevada, Las Vegas, has been spent. Most has gone toward construction, as well as design, engineering and other nonbuilding costs, and work is still on pace to be completed in 2020.
Union Row, a $950 million, 29-acre development, is coming to Memphis, Tenn., and 65% of it is under contract. Plans feature a grocery store, hotels, 85,000 square feet of commercial space and 126,000 square feet of retail space.
Intech Construction has been hired to build a 12-story, 180,000-square-foot nonprofit justice center in Philadelphia. Construction of the building, which is part of a larger Vine Street development, is expected to begin in 2019.
Autodesk has been losing money since 2016, but CEO Andrew Anagnost is hoping to make it profitable through continued development of industrialized technology for the construction industry, including artificial intelligence platform BIM 360 Project IQ. "[B]y becoming a design-and-make company, that's how we're going to win," he says.
Wieland and its 60 subcontractors are building a recycled paper mill in Wapakoneta, Ohio, but the project's workflow doesn't include any paper. Mobile apps and devices have led to increased productivity, but maintaining wireless connectivity will be challenging as the mill's structure gets bigger.
Rep. Sam Graves, R-Mo., is seeking the role of ranking member of the House Transportation and Infrastructure Committee. He plans to work with Democrats on a bipartisan infrastructure bill that includes a long-term financing plan for the Highway Trust Fund.
More than 80% of residents surveyed in New York, New Jersey and northeastern Pennsylvania support a new tunnel under the Hudson River and a Portal Bridge replacement in New Jersey. The inclusion of people in Republican counties in Pennsylvania was politically shrewd, given the Trump administration's opposition to the federal government funding half of the Gateway project.
To avoid the effects of "unfavorable" market conditions,
the Metro Gold Line Foothill Extension Construction Authority in California wants to deliver roughly 70% of the 12.3-mile Gold Line extension from Glendora to Montclair at least two years early. The schedule adjustment will add $570 million to the budget but could ultimately save the authority tens of millions of dollars.