Although large airport projects dominate the news, smaller regional airports are announcing numerous immediate upcoming projects. Record growth at regional airports along with projections that the growth will continue for decades is driving expansion, upgrades, and new construction. Many of the projects are quite large. The smaller, but crucial, airports are significant economic drivers which […]
Upcoming transportation projects are abundant throughout the country. Projects of every size and type can be found, but a sweeping trend is for larger projects to be collaborative in nature. Delivery methods may be called public-private partnerships or comprehensive development agreements, but whatever the name, the common link is that private sector capital is invested […]
Cities with vibrant cultural assets attract tourists, retail establishments, hotels, real estate developers, and appreciation from local citizens. Cultural facilities also boost a region’s economic engine. The 2002 redevelopment of Millennium Park in Chicago, for example, spurred $1.6 billion in revitalization nearby. Libraries, museums, multipurpose theaters, recreational venues, and civic centers also are key components […]
Student housing is a critical component when it comes to recruiting students and retaining them through graduation. Young men and women want to live in modern, purpose-built housing within walking distance of campuses. Some will settle for nothing less – and that is driving a tidal wave of demand for modern, appealing housing options on […]
Economic development is the highest priority for a majority of America’s mayors. And, within that category, parks and recreation is the No. 1 redevelopment priority throughout the country. There are several reasons, not the least of which is the fact that parks generate an incredible amount of revenue for cities. One source reports that more […]
According to the American Society of Civil Engineers, America’s schools are in dire need of attention. That’s obviously a significant understatement because the report explains that the needs of K-12, the U.S.’ second-largest infrastructure sector, will exceed approximately $870 billion between now and the next several years. Of this amount, $490 billion in funding has […]
There are often dire predictions about the U.S. housing marketplace. Experts in the commercial sector worry about interest rates, construction labor shortages, and declining demand. In the government housing marketplace, however, the concerns all center on the great demand for affordable housing, student housing on college and university campuses, and homeless shelters and public housing […]