Orlando, Fla., city commissioners voted to allow construction to begin on the delayed $383-million Dr. Phillips Center for the Performing Arts, or DPAC, after board members stepped forward to personally guarantee a $16-million letter of credit that will replace tourist tax dollars if projected revenues of $43 million fall short. Courtesy DPAC Construction will begin in June on the Dr. Phillips Center for the Performing Arts, shown in an architect's rendering above. “For more than 20 years this region has struggled to build a new performing-arts center,” says Orlando Mayor Buddy Dyer (D). “But unwilling to give up and wanting
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.