The U.S. Environmental Protection Agency declared on March 2 that the Gowanus Canal will be added to the list of federal Superfund cleanup sites. The heavily polluted canal runs through an old industrial sector in the New York City borough of Brooklyn and empties into New York harbor. EPA’s decision will set in motion a $500-million, decade-long effort to clean up the former industrial canal, which EPA says is contaminated with PCBs, coal-tar waste, heavy metals and volatile organics. Mayor Michael Bloomberg (R) had opposed the EPA designation, fearing it would endanger real estate developement plans for the area. EPA
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.