Developers are looking to replace aging, coal-fired unit with efficient, cleaner gas-fired plants. In a market in which many plants are built on spec, each new project threatens the economics of all plants.
The board of directors for the three-auditorium Ronald O. Perelman Performing Arts Center—the final piece of the puzzle for Lower Manhattan’s 16-acre World Trade Center redevelopment—says construction on the project is expected to begin in 2018 and be completed in 2020.
General contractor Joseph B. Fay Co. and the Pennsylvania Dept. of Transportation said they would work around the clock to repair a bridge-truss compression cord damaged during renovation work on a bridge.