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March 8, 2013News for contractors and the construction industry

  Top Story 
  • San Francisco proposes $25B in capital projects over 10 years
    San Francisco's latest capital plan recommends spending $25 billion on capital projects over the next 10 years. The plan, which is expected to create 223,000 new jobs, includes waterfront redevelopment; rehabilitation of the city's water and sewer systems; and completion of the Transbay Center, Central Subway and San Francisco General Hospital's acute care wing among other projects. However, "aligning the city's capital budget with the plan's recommendations will require more creativity and strategic thinking around potential revenue sources." San Francisco Chronicle (3/7) LinkedInFacebookTwitterEmail this Story
Selling your business? Here are 7 things you should do now.
If you're considering selling your business, you should be doing everything you can to get the best possible price. In just 7 simple steps you can improve your chances of attracting buyers and getting big bucks for your business. Read the article and learn the 7 steps.

  Infrastructure & Project Focus 
  • Video brings Boston's Longfellow Bridge construction stages to life
    Longfellow Bridge construction  
    Source: YouTube/Mass. Department of Transportation
    A video from the Massachusetts Department of Transportation shows how work on the Longfellow Bridge that connects Boston to Cambridge in Massachusetts will be finished in six phases. "Our projects are complex and lengthy and the rehabilitation of the historic Longfellow Bridge is no different," said Sarah Lavoie, a spokeswoman for the state Department of Transportation. "It can be difficult to visualize the end result, and this video brings all construction stages to life." The project is expected to be completed in 2015. BostInno (Boston) (3/6), YouTube/Mass. Department of Transportation (3/4) LinkedInFacebookTwitterEmail this Story

  • Operator to spend over $5B in transmission-improvement projects
    Grid operator PJM Interconnection said it authorized more than 750 electric transmission-improvement projects last year. The upgrades are due to "massive power plant retirements, fuel-switching to cheaper natural gas and finding clean renewable resources to meet state requirements for lower-emission generation," the operator said. The cost for the work will be more than $5 billion. PJM provides power to 60 million people in 13 states and Washington, D.C. Platts (3/7) LinkedInFacebookTwitterEmail this Story
  • Construction expected to start on $3 billion American Dream mall
    Work on the delayed $3 billion American Dream mall in New Jersey is expected to resume by the end of the month and should be finished in 18 to 24 months. The American Dream Meadowlands project, which has been stalled for years because of "financial troubles, a foreclosure and an ownership change," is expected to create 9,000 construction jobs. The mall will have a theme park, indoor ski park and 300 retail stores. The Philadelphia Inquirer/The Associated Press (3/7) LinkedInFacebookTwitterEmail this Story
 
  • Crews put finishing touches on Hong Kong's new $1B cruise terminal
    Crews are at work putting the finishing touches on a $1 billion cruise terminal in Hong Kong. Dubbed by locals "groundscaper" because the 2,789-foot length of the terminal is double the height of the city’s tallest building, the facility will feature the largest gangways in the world. The "innovative Cruise Terminal at Kai Tak will set the standard for cruise terminals throughout the world," said Bill Flora, U.S. director of the Hong Kong Tourism Board. Los Angeles Times (tiered subscription model) (3/7) LinkedInFacebookTwitterEmail this Story
  • Calif.'s $500M rail project advances
    A $500 million rail project in California that would transfer cargo inland by rail from Los Angeles and Long Beach ports has been approved by the Los Angeles Harbor Commissioners. Work is slated to start later this year and about 1,500 jobs could be created over the three-year life of the project. "Modernizing our transportation infrastructure is crucial to creating jobs, strengthening our economy and improving our quality of life in Los Angeles," said City Councilman Joe Buscaino. San Jose Mercury News (Calif.) (free registration)/The Associated Press (3/7)
  Economic Update 
  Innovation & Green Building 
  • Sustainability index aims to evaluate REITs
    The release later this month of a sustainability index that measures the portfolios of real estate investment trusts is expected to reduce environmental and social risks for investors in "green" properties. FTSE Group, the National Association of Real Estate Investment Trusts and the U.S. Green Building Council are working together on the index to provide transparency about LEED certification and Energy Star ratings. The index is scheduled to be launched on March 21, said Chris Pyke, USGBC vice president of research. GreenBiz.com (3/7) LinkedInFacebookTwitterEmail this Story
  Policy Watch 
  Association News 
  • Arizona's Historic Gila River Bridge Rehabilitation project named one of 2012′s most successful construction partnerships
    The Historic Gila River Bridge Rehabilitation project in Arlington, Ariz., was one of the most successful construction partnerships of 2012, the Associated General Contractors of America announced today. As a result, the project’s contractor, Phoenix-based Haydon Building Corp., was one of only two firms to receive the association’s Marvin M. Black Excellence in Partnering Award. "Knowledge, skills and experience are vital to any successful construction project, but without a strong foundation of teamwork the project will crumble," said Joseph H. Jarboe, the association’s president and senior vice president of Bethesda, Md.-based Clark Construction Group. "These projects demonstrate the type of effective collaboration that is critical to building great things." Read more. LinkedInFacebookTwitterEmail this Story
  • OSHA Standards for Construction (OSHA 29 CFR)
    Compliance in the construction industry is made easier with this comprehensive 29 CFR 1926 book. Included you will find the 1903 regulations on inspections, citations, and proposed penalties; the 1904 regulations on recording and reporting occupational injuries and illnesses; pertinent 1910 general industry regulations; and every 1926 construction industry regulation. To place your order, visit the AGC Store or its safety section. LinkedInFacebookTwitterEmail this Story
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  SmartQuote 
Hope never abandons you, you abandon it."
--George Weinberg,
American psychologist, writer and activist


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