The city of Orlando has approved the sale of an additional $69 million in bonds to partially plug a gaping funding hole in its originally $1.1-billion Community Venues building program and kick-start construction of the $250-million first phase of the city’s new performing arts center. Photo: Orlando Magic The Amway Center, future home of the Orlando Magic, is scheduled for an October opening near downtown Orlando. Funding for the second piece of Orlando’s venues program had taken a hit when revenue from the tourist development tax plunged as a result of the recession. The city had originally planned to have
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.