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Oklahoma’s $2.5B Disney-sized theme park reportedly fails to launch
The opening of the American Heartland development in Vinita has been pushed back and two firms have filed liens against the developers.
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Executive Moves
Gilbane taps 30-year veteran to lead field operations
Jumanne Smith spent 20 years at Bethesda, Maryland-based Clark Construction before coming to Gilbane Building Co. for another decade.
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Deep Dive // Election 2024
Decision 2024: Election uncertainty weighs down construction activity
A lack of clarity is impeding progress on projects amid one of the tightest presidential contests in recent memory, builders and economists say.
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Economic Reports
Infrastructure boosts nonresidential spending again as private sector slows
Federal funding is buoying overall construction activity, but projects outside the public realm could soon rebound, economists said.
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$500M Kentucky prison gets federal approval for construction
It will be a year before the controversial 500-acre project designed to incarcerate 1,400 people can begin.
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Granite sees strong public markets through 2030
With just 40% of IIJA money slated to be spent by 2026, infrastructure work should be plentiful for years to come, according to CEO Kyle Larkin.
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October 2024 wins: Contractors report their latest awards
Construction Dive rounds up the newest project wins from some of the country’s biggest builders including Gilbane, Kiewit and Hensel Phelps.
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Caterpillar’s US revenues drop as demand slows
Construction-related sales fell 7% year over year for the heavy equipment maker, whose financial health is seen as a bellwether for the industry.
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Column // Help Wanted
National Building Museum event gets kids excited about construction
The Big Build, held in Washington, D.C., provides families with hands-on experiences to learn about construction and engineering.
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Project Wins
Lane Construction nabs $190M Florida highway job
The Webuild Group subsidiary will build the I-4 at SR-33 Interchange in Lakeland, solidifying the Sunshine State as a key market for the North Carolina contractor.
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Column // The Dotted Line
How contractors and their clients can navigate NDAs
Builders must walk a fine line between sharing their specialized expertise and passing on specific details gained from other owners’ projects, lawyers say.
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Contractors announce hirings, promotions: October 2024
A new CFO for Leopardo Construction, a new president at Sundt and specialty sector moves in energy, manufacturing and water round out the latest news.
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Project Milestones
Clayco breaks ground on $300M hotel near SoFi Stadium
The Kali, part of Marriott Bonvoy’s Autograph Collection, will be located in L.A. Rams owner Stan Kroenke’s 300-acre Hollywood Park mixed-use development.
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$3.6B Brent Spence Bridge project sued over environmental concerns
The lawsuit alleges officials didn’t sufficiently study the impact of the new Cincinnati-area span and says the design doesn’t do enough to include biking and transit.
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New construction technology releases: October 2024
From a chatbot that speaks builders’ language to tech that corrals massive amounts of data captured from scans, this month’s offerings are aimed at simplifying complex tasks.
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Q&A
How Barton Malow leverages preconstruction tech
An exec for the Southfield, Michigan-based firm discusses how technology has evolved in the sector to help builders save time and money.
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Thought Leaders: October 2024
Executives from Shawmut, Granite, JE Dunn and other major construction firms talk about their latest challenges and successes.
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Project Wins
Clark chosen for $800M DC arena upgrade
The owners of Capital One Arena have formed a partnership with the city to renovate the venue that is home to its NHL and NBA teams.
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Economic Reports
Construction job openings fall post-Helene
Economists say the hurricane temporarily suppressed the number of open construction positions across the Southeast at the end of September.
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Construction Partners buys Lone Star Paving for $654M plus stock
The Dothan, Alabama-based contractor’s purchase allows it to enter the rapidly growing Central Texas market.
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Executive Moves
New York GC taps new leadership for Carolinas and Northeast expansion
Rochester-based LeChase Construction appointed William Goodrich as chairman and Kyle Sayers as president to lead its growth plans.
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California doles out $3.8B for transportation improvements
Approximately $3.5 billion of the total comes from the IIJA, with another $330 million funded by the state’s 2017 highway bill and gas tax.
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Project Milestones
$500M expansion underway at Missouri theme park
Ozark Mountain amusement park Silver Dollar City, which has been operational since 1960, is adding 1,200 acres and a new resort.
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Speed led to I-695 crash that killed 6 workers
The National Transportation Safety Board said two motorists driving too fast likely caused the 2023 collision.
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Executive Moves
McCarthy taps aerospace exec for renewables team
Kendra Kim will bring best practices from the aviation, space, steel and electronics industries to the St. Louis builder’s utility-scale solar group.
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