Corporate News: Page 2
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NYCFC in bid to develop soccer stadium near NY's Belmont Park
The Major League Soccer club isn't the only professional team that wants to develop the site, which is located away from the city center and public transit.
By Kim Slowey • Sept. 27, 2017
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Mott MacDonald to lead master plan for $10B JFK redevelopment
New York Gov. Andrew Cuomo has said the project could generate up to $7 billion in private investment.
By Kim Slowey • Sept. 26, 2017
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Texas Rangers reveal design for new $1B ballpark and prepare to break ground
The new ballpark will seat 41,000 people — 9,000 fewer than the Rangers' current home — for a more intimate fan experience.
By Kim Slowey • Sept. 26, 2017
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Mercedes-Benz plans $1B investment in US electric vehicle production
The outlay includes a 1 million-square-foot electric car battery factory in Tuscaloosa, AL, and the expansion of an existing plant nearby.
By Kim Slowey • Sept. 25, 2017
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Caterpillar plans to scale up autonomous truck fleet
The equipment maker's move is a likely catalyst for self-driving vehicles to make their entrance on construction sites in the coming years.
By Mary Tyler March • Sept. 20, 2017
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Walmart is building a new AR headquarters
The project, set for completion in the next five to seven years, will consolidate the retailer's offices dispersed around its hometown of Bentonville, AR.
By Daphne Howland • Sept. 19, 2017
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Cleveland Cavaliers begin $140M Quicken Loans Arena overhaul
Activists withdrew a referendum last month that could have stopped public financing for the project, potentially killing the upgrades altogether.
By Kim Slowey • Sept. 18, 2017
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Costs and height increase with Dan Gilbert's latest plans for a new Detroit tower
Project officials said construction should start on schedule but could not commit to the original plan for completion in 2020.
By Kim Slowey • Sept. 18, 2017
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Cities weigh the long-term commitment of an Amazon HQ
The winner will need a large airport, mass transit, plenty of available housing, the ability to offer economic incentives and plenty of space to build.
By Hallie Busta • Sept. 13, 2017
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Deep DiveThe 50 States of Construction: JE Dunn CEO Gordon Lansford on MO's construction revival
The Midwest state's diverse economy is on the upswing, and the construction industry there is well-poised to benefit.
By Hallie Busta • Sept. 12, 2017
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Marriott developer expands plan for new $600M headquarters
The updated design puts the complex at 1 million square feet, including office, retail and hotel space.
By Kim Slowey • Sept. 05, 2017
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Allegiant Air is building a $600M FL beachfront resort
The budget airline is positioning the resort like its service footprint, targeting families from small Midwest cities with underserved airports.
By Kim Slowey • Aug. 31, 2017
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CH2M loses $57M management deal for $2B Boston Green Line
The contractor was disqualified because its new parent, Jacobs Engineering, is bidding to build the light-rail extension.
By Kim Slowey • Aug. 31, 2017
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$250M LG appliance factory breaks ground in TN
The facility, which represents continued foreign direct investment in U.S. manufacturing, will be able to turn out a new washing machine every 10 seconds.
By Kim Slowey • Aug. 29, 2017
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IA to give Apple $208M in tax breaks for $1.3B data center
Local officials are banking on the project to fuel economic expansion in the rapidly growing rural community.
By Kim Slowey • Aug. 28, 2017
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WeWork gets $4.4B investment to expand co-working business
The capital injection, from Japanese conglomerate SoftBank, makes the company one of the largest privately held sharing economy startups.
By Kim Slowey • Aug. 28, 2017
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Elon Musk's Boring Company gets the OK to tunnel under Los Angeles suburb
The 12.5-foot-wide tunnel is intended to test a system of electric sleds that can move vehicles at speeds of up to 125 mph.
By Kim Slowey • Aug. 28, 2017
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Deep DiveThe 50 States of Construction: KY contractors ride a wave of industrial expansion
Gray Construction EVP Jeff Bischoff discusses how new growth in the manufacturing and industrial sector there is impacting construction.
By Hallie Busta • Aug. 24, 2017
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Port of Charleston, SC plans for new $762M terminal
The new Leatherman Terminal is part of an effort to double the port's capacity.
By Kim Slowey • Aug. 23, 2017
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Seattle's Sound Transit hires JV to manage $5.6B of light-rail construction
Northwest Transit Systems Partners will oversee construction of the world's first floating passenger light-rail bridge as one of two projects in the contract.
By Kim Slowey • Aug. 22, 2017
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Groundbreaking set for $1B Gehry-designed Los Angeles project
The mixed-use campus is part of a larger, long-running redevelopment of Grand Avenue, a key thoroughfare in the city's downtown.
By Kim Slowey • Aug. 17, 2017
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Deep DiveThe 50 States of Construction: How one OH contractor is finding workers amid labor woes
Don Taylor, president and CEO of Akron-based Welty, explains how his company is handling the labor shortage and where the Buckeye State is booming.
By Hallie Busta • Aug. 16, 2017
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Facebook to build $750M OH data center
State financial incentives will give Facebook an estimated $37 million in tax breaks with a projected annual economic boon of $1.4 million by 2024.
By Kim Slowey • Aug. 16, 2017
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Fluor and Lane picked for pre-construction work on TX high-speed rail
The two contractors are also Texas Central's preferred design–build team for the line, which will connect Dallas and Houston.
By Kim Slowey • Aug. 15, 2017
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Canadian paper products maker plans $400M GA plant
Georgia is among a host of U.S. states rolling out the red carpet to foreign and domestic manufacturers to join or grow their presence in the state.
By Kim Slowey • Aug. 11, 2017