Civic Development News and Data
The latest local trends, news and insights on infrastructure, economic development, housing and economics.
NYU’s Lafayette Hall Secures $180M Loan from Apollo
Apollo Global Management has issued a $180 million loan to refinance NYU’s largest student housing property, Lafayette Hall, a 17-story dormitory with 262 units in Lower Manhattan. The financing was arranged by Newmark Group Inc.’s Jordan Roeschlaub and Nick Scribani...
$264 Million Redevelopment to Turn CUNY Dorm into Affordable Housing in East Harlem, NY
An increase in New York’s affordable housing inventory is coming with the announcement of a $264 million project at 1760 Third Avenue in East Harlem, transforming a former CUNY dormitory into 433 affordable units. Backed by state and city funding, the development will...
Indiana Awards $200 Million for Local Road and Bridge Projects
Improving public safety and the quality of life for Hoosiers, Governor Mike Braun and the Indiana Department of Transportation announced the distribution of over $200 million in Community Crossings matching grants to fund local road and bridge projects across 245...
New Mexico’s House Bill 145 Moves to Senate, Proposing $1.5 Billion Transportation Bond
New Mexico’s House Bill 145, which authorizes $1.5 billion in transportation bonds, has secured approval from the House and now heads to the Senate for review. The bill aims to address the state’s $5.6 billion road funding shortfall and leverage federal funds and...
ADOT Seeks Public Input on $12.7 Billion Transportation Plan
The Arizona Department of Transportation (ADOT) has proposed a $12.7 billion Five-Year Transportation Facilities Construction Program for 2026-2030, focusing on highway expansions and infrastructure improvements. The plan includes $4.47 billion for projects outside...
New York Invests $90 Million to Improve Road Safety and Reduce Fatalities
New York is investing $90 million to help local governments enhance road safety and reduce fatalities as part of the NYSDOT’s Safe System Approach toward Zero Deaths plan. The funding, available through the Federal Highway Administration’s Highway Safety Improvement...
San Antonio, TX Begins Negotiations with Spurs on $1.5 Billion NBA Arena
The San Antonio City Council has unanimously voted to start negotiations with Spurs Sports & Entertainment and Bexar County to work out a non-binding agreement for a potential NBA arena that could cost between $1.2 billion and $1.5 billion. The project is part of...
Mobile, AL Moves Forward With New $300M Arena, $250M Bond Approved
The most expensive city-funded project in Mobile, Alabama, is moving forward as the City Council has unanimously approved a $250 million bond and a $237.4 million construction contract with Birmingham-based B.L. Harbert International for the development of a new $300...
New Bedford Airport to Undergo $76M Modernization
A $76 million revitalization of New Bedford Regional Airport in Massachusetts is being planned to upgrade its control tower, terminal, and maintenance facilities without burdening taxpayers. Airport Manager Scot Servis said that 95% of the funding for the development...
Swinerton Leads $23 Million Renovation at Hartsfield-Jackson Atlanta International Airport
A $23 million contract has been awarded to Swinerton for major upgrades at Hartsfield-Jackson Atlanta International Airport, in partnership with the City of Atlanta and WEBMyers Construction. The company will complete three projects including a $21 million restroom...
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