TWIA Commercial Property & Casualty
Rivian reaffirms plans for $5B Georgia EV plant despite construction pause
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Monthly Archives: April 2024
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View the Full Post Here Dive Brief: The Maryland Transportation Authority scheduled a building industry forum for May 7 to explain the project process to rebuild the Francis Scott Key Bridge in Baltimore, which collapsed in March after the container ship Dali struck one of its piers. The virtual session aims to prepare potential contractors, […]
TWIA Commercial Property & Casualty
Facing expensive climate threats, NYC’s transit system unveils a resilience plan
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View the Full Post Here Dive Brief: The New York Metropolitan Transportation Authority announced on April 25 its climate resilience plans to strengthen the transit system’s ability to withstand future storms at a cost of up to $6 billion. The plan consists of a climate vulnerability assessment and 10 goals to address the threat […]
TWIA Commercial Property & Casualty
Cordish Cos., Bruce Smith Enterprise to develop $1.4B Virginia casino resort
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Apr
View the Full Post Here Pending voter approval, real estate developers the Cordish Cos. and Bruce Smith Enterprise will build a Live! Casino & Hotel to anchor a $1.4 billion mixed-use development in Petersburg, Virginia, the companies announced. The 200-room resort will span 400,000 square feet, including 35,000 square feet of meetings and events space. […]
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TWIA Commercial Property & Casualty
The Dotted Line: What DOT’s final DBE rule means for civil contractors
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Apr
View the Full Post Here This feature is a part of “The Dotted Line” series, which takes an in-depth look at the complex legal landscape of the construction industry. To view the entire series, click here. On April 9, the DOT issued a new final rule for its Disadvantaged Business Enterprise workforce participation plan. The […]
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View the Full Post Here Dive Brief: Total construction starts ticked down 1% in March to a seasonally adjusted annual rate of $1.06 trillion, according to Dodge Construction Network. The drop marks two months of contraction in groundbreakings, largely due to lingering inflation and high interest rates. “The construction sector has hit a soft patch […]
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View the Full Post Here Dive Brief: Amazon Web Services plans an $11 billion investment to build a data center campus in north central Indiana, the largest capital investment in Indiana’s history, according to the Indiana Economic Development Corp. The IEDC announced substantial incentives to Amazon, including data center sales tax exemptions, $18.3 million in […]
