Civic Development News and Data
The latest local trends, news and insights on infrastructure, economic development, housing and economics.
Westfield, Indiana Approves $184M P3 Agreement for Grand Park Sports Campus
The Westfield City Council has entered into a 30-year, $184 million public-private partnership with Grand Park Sports & Entertainment to manage and develop the 400-acre Grand Park Sports Campus in Indiana. Under the agreement, Grand Park Sports &...
Oregon’s Abernethy Bridge Project Sees $72M Cost Hike, Delayed by 10 Months
The funding and development crisis surrounding Oregon’s Interstate 205 Abernethy Bridge continues as the project to widen and seismically strengthen it is now delayed by 10 months and facing a $72 million cost increase, bringing the total estimated cost of Phase 1 to...
New York to Invest $100M in Highway Repairs Across 70 Locations
State highways across New York will be repaved as Gov. Kathy Hochul announced $100 million to repair 551 lane miles in 70 locations that have been affected by extreme weather. Supported by funding from the federal Infrastructure and Jobs Act, key projects include $1.8...
MaineDOT Secures $192 Million for Statewide Infrastructure Projects
Infrastructure improvements will soon be visible across Maine as the Maine Department of Transportation (MaineDOT) has secured over $192 million in federal grants through the Bipartisan Infrastructure Law to fund critical projects statewide. Allocations include $70...
Nebraska Greenlights $450 Million in Highway Bonds for Transportation Projects
The Nebraska Highway Commission has approved the issuance of bonds to fast-track transportation projects. This follows a bill passed by lawmakers last year, allowing up to $450 million in highway bonds with annual debt service of up to $35 million, with the first $100...
St. Petersburg City Council Approves $287.5M Bond for Rays’ $1.3B New Stadium
After delays in stadium bonds approval, St. Petersburg City Council has approved a $287.5 million in tax-exempt bonds for the Tampa Bay Rays' new $1.3 billion stadium. The bonds are part of the $600 million in public funding allocated for the stadium, alongside $142...
Funding Agreement for Oakland A’s $1.75 Billion Stadium in Las Vegas Approved
Las Vegas is set to become the new home of the Oakland Athletics as the financing and development agreement for the team's $1.75 billion ballpark has been unanimously approved by the Clark County Stadium Authority Board. The agreements include a binding lease, a...
FAA Awards $20 Million to Upgrade Airport Control Towers
Small and regional airports in 15 states will soon be seeing infrastructure upgrades as the Federal Aviation Administration (FAA) has awarded $20 million in grants to enhance 20 airport-owned air traffic control towers. Funded through the Bipartisan Infrastructure...
Illinois Quantum and Microelectronics Park to Generate $20 Billion Economic Impact with IBM’s New Center
Backed by a $25 million state grant, IBM has announced plans to establish the National Quantum Algorithm Center at the Illinois Quantum and Microelectronics Park, a commercial hub development on the former U.S. Steel site in Chicago. The company is expected to invest...
$200M Cannon Beach Project in McKinney, TX Set to Generate $2 Billion in Economic Impact
The city of McKinney, Texas is teaming up with an Arizona developer to bring a $200 million Cannon Beach project, which will feature a surf lagoon, resort-style hotel, entertainment, and business spaces at the northeast corner of Stacy Road and S.H. 121. Expected to...
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