Metro Development and Civic News
The latest local trends, news and insights on infrastructure, economic development, housing and economics.
Brookdale Senior Living Expands Portfolio with $610 Million Acquisition of 41 Leased Communities
Brookdale Senior Living is set to acquire 41 leased communities for $610 million, totaling 2,789 units. The deal will be funded through debt, convertible notes, and mortgage financing, with financing led by Deerfield Management, positioning the company for long-term...
Dartmouth College Announces $500 Million Investment in Student Housing Residences
Dartmouth College has announced a $500 million investment to expand and modernize its undergraduate residences, adding 1,000 new beds, and upgrading current facilities. The project kicked off last August with the groundbreaking of Russo Hall, an apartment-style...
University of Maryland’s $148.75 Million Student Housing Project Breaks Ground
A $148.75 million graduate student housing project at the University of Maryland, College Park has broken ground, as announced by Campus Apartments and Mosaic, the companies leading the design and construction of the student residences. The 323,000-square-foot...
$56 Million Affordable Housing Development Announced in Kalamazoo
Residents of Kalamazoo are getting a new $56 million affordable housing development called River’s Edge, a joint venture between Standard Communities, River Caddis Development, the Michigan State Housing Development Authority, Kalamazoo County, and the city of...
Louisiana Awarded $1.22 Billion in Federal Funding for Infrastructure Programs
In a step towards delivering better infrastructure to the residents of Louisiana, $1.22 billion will be provided to the state by the United States Department of Transportation’s Federal Highway Administration. This funding, made possible through the Bipartisan...
Las Vegas-to-California High-Speed Rail Project Lands $3 Billion Boost
The Federal Railroad Administration has signed a $3 billion federal grant, awarding the funds to Brightline West and the Nevada Department of Transportation for a high-speed rail project that will connect Las Vegas to Southern California. Construction of the 218-mile...
Washington State Begins Final Stage of SR 509 Expressway Project
The Washington State Department of Transportation is set to start the final stage of the SR 509 Completion Project, a new expressway connecting SR 509 to I-5 in a continuing effort to improve traffic flow in the region. The project, expected to be completed by 2028,...
Hudson Tunnel Project Secures $3.8 Billion Funding Boost With Federal-State Partnership
The $12 billion Hudson Tunnel Project has received a major boost with the Federal Railroad Administration and the Gateway Development Commission executing a $3.8 billion Federal-State Partnership (FSP) Grant agreement for the project, which includes the immediate...
Fast-growing cities have high demand for private sector contracting partners
by Mary Scott Nabers The U.S. is experiencing a significant surge in population growth in certain regions, increasing the demand for enhancing or expanding basic infrastructure. Public officials in high–growth regions struggle to expand housing, water, roadways,...
South Dakota Awards $30 Million in Funding for Statewide Economic Development Projects
South Dakota is set for an economic boost with the Governor's Office of Economic Development (GOED) approving $30 million in funding to be distributed towards various projects. This funding will support job creation, infrastructure upgrades, and business development...
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