Civic Development News and Data
The latest local trends, news and insights on infrastructure, economic development, housing and economics.
Bay Cities/Myers & Sons to Lead $144 Million North County Corridor Construction in California
Stanislaus County, California, has approved a $144 million contract with Bay Cities/Myers & Sons Joint Venture for Phase I construction of the North County Corridor expressway. The planned three-mile, four-lane section will connect the east part of the county with...
Triton Construction Wins $165 Million Contract for Route 58 Expansion in Virginia
A $165 million contract has been recently awarded to Triton Construction by the Commonwealth Transportation Board of Virginia for the expansion of Route 58 in Patrick County’s Vesta area. The project will widen a 4.5-mile stretch of Route 58, expand the highway from...
Metra Awards IHC Construction $8.7 Million Contract for Chicago’s Rock Island Railroad Line
Metra has approved an $8.7 million contract with IHC Construction for the upgrade of the 115th Street/Morgan Park Station on Chicago's Rock Island Line. The project's scope includes replacement of platform shelters, improved stormwater management, and enhanced...
$600M Norman TIF Districts Move Forward After Court Strikes Down Petition for Public Vote
Plans for twin TIF districts in Oklahoma are moving forward as Judge Jeff Virgin, a Cleveland County judge, struck down a referendum petition that would allow voters to approve or reject the ordinance approval of the “Rock Creek Entertainment District Project Plan,”...
Plymouth, MN Approves TIF Package for $300M Redevelopment of Former Prudential Campus
The Plymouth City Council has approved a tax increment financing (TIF) package to support The Boulevard, a $300 million redevelopment of the former Prudential campus in Minnesota. The project, which will be co-developed by Roers and Scannell Properties, will bring...
Harbor Vue Project in Massachusetts Secures Low-Income Tax Credits for 120 Affordable Housing Units
The Harbor Vue project in Hyannis is set to receive low-income housing tax credits and subsidies for the construction of 120 mixed-income apartments at the former TD Bank site on Main Street. To be developed by WinnDevelopment, seventy units will be designated for...
Federal Historic Tax Credit Bill Reintroduced in US Senate
U.S. Senators Shelley Moore Capito and Mark Warner have recently reintroduced the Rural Historic Tax Credit Improvement Act in hopes of preserving the nation’s heritage and boosting local economies through private investment incentives like tax credits. The bill...
JaxPort Greenlights $32.5M Contribution for Power Line Project
The Jacksonville Port Authority board has approved an agreement to allocate a $32.5 million contribution from JaxPort to help raise power lines near Blount Island Terminal in order to accommodate larger ships, marking the first of three needed approvals. With the...
NYC to Invest $57 Million in West 42nd Street Safety and Infrastructure Upgrades
In response to growing safety and security concerns, New York City is investing $57 million in street infrastructure improvements on West 42nd Street. This initiative will be funded with $41.7 million from the NYDOT, while the remaining $15.2 million will come from...
Ohio Backs Anduril’s Manufacturing Hub Expansion with $70 Million Investment
Ohio is investing nearly $70 million to support Anduril Industries' massive new manufacturing facility near Rickenbacker International Airport in Pickaway County. The project, which has a $9 billion in capital investment, is expected to create 8,500 direct and...
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