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February 15, 2013News for contractors and the construction industry

  Top Story 
  • $2B expansion of South Boston complex kicks off with 2 new hotels
    Commonwealth Ventures will develop two new hotels in South Boston for about $137 million, after having been chosen by the Massachusetts Convention Center Authority. The work is part of a $2 billion plan to expand the Boston Convention & Exhibition Center complex by adding more parking, parks and exhibition space. The two hotels combined will add 510 rooms to the area which lacks enough rooms to attract large trade shows. The Boston Globe (tiered subscription model) (2/14) LinkedInFacebookTwitterEmail this Story
  Infrastructure & Project Focus 
  • Debate over continuing $1B Bayonne Bridge project
    The Coast Guard held two public meetings to gather input about further work to raise the Bayonne Bridge that connects Bayonne, N.J., to Staten Island, N.Y. Among the many lawmakers and residents who backed the project, the consensus seemed to be "that the project can only benefit our community." However, the Environmental Protection Agency sees things differently. "We believe that an appropriate analysis would likely reveal changes in the distribution pattern of cargo which could reasonably be expected to result in environmental impacts," the EPA said. (Hackensack, N.J.) (2/14), The Star-Ledger (Newark, N.J.) (2/13) LinkedInFacebookTwitterEmail this Story
  • Marriott revives plans for $842M Colo. Gaylord hotel project
    Marriott International has entered into talks to develop an $824 million conference hotel with 1,500 rooms in Aurora, Colo., city officials said. Marriott is seeking a development partner for the project, which was abandoned by its original developer. However, funding for new hotels is scarce and this "would be an adventuresome, high-risk project, and not for the faint of heart," said Kenneth Free, president of Straightline Hospitality Corp. The Denver Post (2/14) LinkedInFacebookTwitterEmail this Story
  • Miami airport expands with $512M Airport City project
    A $512 million, 33-acre business, hospitality and destination center known as Airport City will be developed east of Miami International Airport’s terminals and parking garages. Odebrecht USA, a private developer, will fund the project and then operate it for 50 years. The project includes a business center, hotel, convenience center, new MIA Mover train station and hospitality center. The Miami Herald (free registration) (2/14) LinkedInFacebookTwitterEmail this Story
  Economic Update 
  • Simonson: Construction employment to grow 5% in 2013
    Construction employment is expected to rise by 5% nationally this year, but for the Washington, D.C., area, that number is expected to be "a few percentage points" lower, according to Ken Simonson, chief economist for the Associated General Contractors of America. Employment growth in the D.C. area is likely to come from residential construction, not commercial or federal. The Washington Post (2/12) LinkedInFacebookTwitterEmail this Story
  • Crowdfunding becomes option for small-business loans
    While many traditional lending sources remain tightfisted, small businesses are finding an alternative in crowdfunding. This article looks at SoMoLend and how it is navigating the legislative and market environment to help small businesses get capital. Some banks have climbed onboard. KeyBank says it will lend $1 million to $50 million using SoMoLend. Forbes (2/13) LinkedInFacebookTwitterEmail this Story
  Innovation & Green Building 
  • Denbury uses trapped CO2 emissions in Gulf drilling operations
    Denbury Resources is using carbon dioxide captured from a Texas industrial facility to coax oil from old wells along the Gulf Coast. Denbury typically targets wells that are about 60 to 80 years old and are not producing much oil, said Jack Collins, Denbury's executive director of investor relations. "This project illustrates our unique ability to use and store anthropogenic [carbon dioxide] that would otherwise be released into the atmosphere," said Phil Rykhoek, the company's president and CEO. American City Business Journals/Dallas (2/14) LinkedInFacebookTwitterEmail this Story
  Policy Watch 
  • Contractors, insurers urge reform of antiquated N.Y. "scaffold law"
    The costly "scaffold law" of New York has been a cause of concern for contractors and insurers since its inception because employers are held liable, with no exceptions, for "elevation-related injuries." Construction and insurance industry representatives, including the New York chapter of the Associated General Contractors of America, are advocating that the century-old law be revised to allow employers to present proof of a worker's negligence. "Folks understand that this is everybody's problem -- except the trial lawyers," said Mike Elmendorf, president and chief executive officer of AGC New York. (2/13), American City Business Journals/Albany, N.Y./Albany Insider blog (2/12) LinkedInFacebookTwitterEmail this Story
  Association News 
  • 2013 AGC’s 94th Annual Convention and Constructor Expo
    March 6-9 || Palm Springs, Calif.
    Growing your business can be a difficult endeavor ... even in a strong economy. In today’s construction marketplace, with fewer projects to bid on, increased competition from out of market firms, lower margins and higher materials prices, the average contractor faces nightmarish conditions in which to try to keep their businesses afloat, much less thriving. Very often, the line between success and failure comes down to simply who you know. Learn 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. Place your order at the AGC Store of visit the safety section. LinkedInFacebookTwitterEmail this Story
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If you want to live a happy life, tie it to a goal. Not to people or things."
--Albert Einstein,
German-born theoretical physicist

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