The construction industry has been abandoning nonresidential and multifamily construction projects at higher rates, according to the latest data from ConstructConnect. The Cincinnati-based firm unveiled the March report for the Project Stress Index (PSI), which leverages data from the public and private sectors to provide a comprehensive look at the construction industry. After a rise […]
As federal lawmakers reconcile a new budget for fiscal year 2025 (FY25) and beyond, a flurry of budget and tax cuts will highlight the next year of federal U.S. Department of Transportation (DOT) funding. As priorities shift, reevaluating the FY25 transportation budget is more important than ever. The FY25 federal budget, announced by then-Secretary of […]
New Jersey is introducing new modernized and battery-electric buses to the public transit fleet, as part of the state’s most recent effort to combat climate change. In a meeting last week, the New Jersey Board of Directors approved Agenda Item 2504-14, or the Bus Stock Program, which will fund the purchase of new articulated transit […]
Voters in Lee’s Summit, Missouri, have approved a $225 million bond issue to make sweeping improvements to facilities throughout the Lee’s Summit R-7 School District. Results showed 74.9% of voters supported the bond, which will fund a range of projects, including new classroom construction, security enhancements, building renovations and expanded educational spaces. Planned projects include […]
Lackawanna County Chief Financial Officer Dave Bulzoni announced the $29.1 million plans at a meeting of the county commissioners on April 9. The money—from a refinancing and borrowing package—would fund maintenance to fix crumbling roads, bridges and other infrastructure issues throughout the Pennsylvania county that have been neglected for many years. Despite being introduced recently, […]
A new analysis by PA Consulting for the National Electrical Manufacturers Association (NEMA) found the demand for electricity in the U.S. will grow 50% by 2050. Data centers and transportation electrification will drive the electricity demand about 2% higher each year for the next quarter century. The consumption will vary by region due to the […]
The cost of a bridge replacement in the Pacific Northwest is going up, with lawmakers set to allocate another $900 million for the project. Washington state legislators are advancing a proposal to issue up to $2.5 billion in bonds for the Interstate 5 Bridge Replacement Project, a significant increase from the $1.6 billion initially proposed. […]