Metro Development and Civic News
The latest local trends, news and insights on infrastructure, economic development, housing and economics.
Kansas Port Authority Secures $25 Million for Infrastructure Projects
The Port Authority of Stafford County in Kansas has successfully secured $25 million in federal funding from USDOT's BUILD grant program, which will be used to finance the development of a rail-served transload facility, industrial park, and grain terminal. With $5...
California Transportation Commission Invests $1 Billion for Infrastructure Improvements
Taking a step toward improving California’s transportation landscape, the California Transportation Commission has announced that it is allocating $1 billion to various projects aimed at increasing mobility options, improving road safety, and expanding electric...
$2.2 Billion Expansion Approved for Palm Springs Intl Airport
Palm Springs International Airport is set to undergo a $2.2 billion expansion following the Palm Springs City Council's recent approval of a new master plan. Modernization plans include doubling the number of gates, adding a new concourse and rental car area, creating...
ArcelorMittal to Open $1.2 Billion Electrical Steel Plant in Mobile, Alabama
Advancing Alabama's economic growth, ArcelorMittal is investing $1.2 billion to develop a new electrical steel manufacturing facility in Mobile, which is expected to create 200 permanent jobs. The plant, set to open in 2027, will produce up to 150,000 metric tons of...
Washington Bill Seeks to Address Increasing Housing Costs for Seniors
The Washington State Legislature is taking action to address the rising costs of senior housing with the passing of House Bill 1204, which aims to ease the financial strain on residents of senior mobile and manufactured home parks by allowing them to have a roommate...
California Polytechnic State University’s $1 Billion Student Housing Project to Feature 4,200 Beds
California Polytechnic State University has partnered with FullStack Modular, Steinberg Hart Architects, and design-build contractor Whiting-Turner for the development of a new 4,200-bed student housing, which will be located on the San Luis Obispo campus. The $1...
Ohio State Budget Proposal Earmarks $100 Million for Affordable Housing Development
In a step to address housing affordability issues, Ohio Gov. Mike DeWine’s proposed two-year state budget includes a $100 million investment in the Ohio Housing Investment Opportunity Program to increase the development of affordable housing, especially in rural...
Monarch Private Capital’s $275 Million HSBC-Led Bond Issuance for Affordable Housing
Monarch Private Capital has issued a $275 million bond which will be used to finance 58 affordable housing projects across Georgia, South Carolina, and Oklahoma. HSBC acted as the Sole Placement Agent for this asset-backed securities transaction. To repay the...
MoDOT Awards $49.9 Million for 63 Bridge Projects Across Missouri
The Missouri Department of Transportation has awarded $49.9 million in federal funding to 63 bridge projects through the 2026 Regional Bridge Program. Replacing the previous off-system local bridge replacement program, this initiative is funded through the Bridge...
Wisconsin Invests $100 Million to Improve Rural Roads and Culverts
Wisconsin is investing $100 million in 55 projects to improve rural roads and culverts, supporting the state’s transportation infrastructure for farmers, producers, and the agricultural and forestry industries across 36 counties. This funding comes from the...
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