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November 15, 2012News for contractors and the construction industry

  Top Story 
  • NYC's $15B Hudson Yards project to begin in December
    The $15 billion, 26-acre Hudson Yards project in New York City is set to break ground this year after numerous delays, according to a source at The Related Companies, which is co-developing the project. Excavation work will begin in the first week of December for the site's first office building, a $1 billion, 46-story glass tower that will have the luxury brand Coach as its anchor tenant. The project is expected to take at least a decade to complete. (11/14) LinkedInFacebookTwitterEmail this Story
  Infrastructure & Project Focus 
  • Approval of $290M bond measure advances rebuild of Seattle's seawall
    Seattle this week released the Draft Environmental Impact Statement for its plan to rebuild the city's seawall after 77% of voters said yes to a $290 million, 30-year bond measure on Nov. 6. The project is planned to take seven years to complete, with construction to halt each year from Memorial Day through Labor Day in order to avoid disrupting tourist season. Some business owners along the Seattle waterfront are asking that the construction shutdowns last longer than three months. The Seattle Times (11/13) LinkedInFacebookTwitterEmail this Story
  • Mayo Clinic's $185M Minn. proton beam therapy center tops out
    The Mayo Clinic's $185 million proton therapy treatment center in Rochester, Minn., has topped out. The Rochester center is one of two such facilities being built in the U.S. -- the other is in Arizona -- and eight others are already operational. The project created 500 construction jobs and should be operational by mid-2015, according to John Black, co-chairman of the project. The Post-Bulletin (Rochester, Minn.) (11/13) LinkedInFacebookTwitterEmail this Story
  • Other News
  • Other News
  Economic Update 
  • Lipsky upbeat on U.S. economy
    Source: Fox Business
    "It seems most likely" that Washington will find a way to avoid the "fiscal cliff," said John Lipsky, former acting managing director of the International Monetary Fund. Given the alternative and the likelihood of ensuing recession, Lipsky said, politicians will be motivated to respond. As for the U.S. economy, a number of signs are pointing up, and the "immediate outlook ... is a bright one indeed," Lipsky said. Fox Business (11/13) LinkedInFacebookTwitterEmail this Story

  Innovation & Green Building 
  • Survey reveals drop in interest in getting LEED certification
    A survey by Turner Construction Co. found that fewer companies are interested in pursuing LEED certification, Rob Cassidy writes. Only 48% of respondents indicated they were "very likely" to seek LEED certification for new construction projects or renovations, compared to the 61% who responded that way in Turner's 2008 survey. The reasons some respondents gave about why their firms would not seek LEED certifications were the cost of obtaining the certification, the amount of staff time taken up, the "time required for the process" and the "difficulty of the process." Building Design + Construction/360 Blog (free registration) (11/11) LinkedInFacebookTwitterEmail this Story
  Policy Watch 
  Association News 
  • Construction Material Costs Dip in October
    Construction contractors face a continuing cost squeeze, even though a key price index for construction materials dipped in October and showed only a moderate increase over the past year, according to an analysis of federal figures released by AGC of America. Association officials warned that recent and announced price increases may threaten the survival of some contractors. Read more. LinkedInFacebookTwitterEmail this Story
  • AGC Celebrates America Recycles Day
    Today is America Recycles Day and members of AGC’s Environmental Forum Steering Committee have stepped forward to share their achievements and observations on how construction recycling goes much farther and tackles much larger amounts of material than everyday recycling. We have put together a comprehensive document to really show just what AGC members are doing to promote recycling. Read more. LinkedInFacebookTwitterEmail this Story
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Keep your fears to yourself but share your courage with others."
--Robert Louis Stevenson,
Scottish novelist, poet and essayist

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