American ports are extremely large contributors to the nation’s GDP and critical components of the country’s global competitiveness. The Bipartisan Infrastructure Law passed by Congress several years ago was designed to support all types of infrastructure upgrades, and ports were a primary focus. Billions were allocated for port upgrades and expansions, which has spurred massive […]
Here’s a fact that may be surprising – it surely was to me. The construction or renovation of buildings accounts for approximately 39% of the total global energy-related carbon emissions each year. Embodied carbon contributes another 11%. That category refers to the total greenhouse gas emissions generated over the lifecycle of a building, road or […]
Outdated, technologically challenged and overcrowded – that pretty much describes the majority of airports in the U.S. But change is imminent and a huge new marketplace is evolving. To make critical upgrades and much-needed expansions, airports are expected to spend $70 billion over the next three years. The average American airport is approximately 40 years […]
All indicators point to a strong year for the construction industry. Most projections are that the growth will continue through 2021. However, there could be a glitch…and it could come from the public sector – the local levels of government, to be more specific. There are thousands of new local construction projects just waiting to […]
The expanded use and funding for Private Activity Bonds (PABs) has again taken over the spotlight in infrastructure debate in America. A six-page document claimed to be the draft outline for President Trump’s long-awaited national infrastructure plan was leaked this week and PABs are among the major infrastructure funding principles addressed. The leaked plan does not yet […]
Major disasters became almost commonplace in 2017. Regions within the U.S. suffered more than $300 billion in damages and many cities and counties were decimated. Wise people know that when the pain is great enough, change usually occurs…that is definitely happening now. That change is focused currently on rebuilding efforts – and it relates primarily […]
Mixed-use development, which was once rather unique to urban renewal and commercial endeavors, is now a hot new trend on university campuses. Throughout the country, college campuses are being transformed into communities and it is typical to see restaurants, retail shops, hotels, green space, offices, parking garages and other amenities adjacent to dorms and classrooms. […]