Blackstone, PIMCO back Related Digital's Oracle campus as Michigan attorney general challenges state regulators' expedited approval of DTE Energy's supply agreements
Financing is secured and construction is underway, but power contracts behind Michigan's massive Oracle data center are now before the Michigan Court of Appeals.
Probable Maximum Loss-based underwriting and delay-in-startup insurance constraints are capping limits, leaving one-third to half of project values outside traditional insurance
Hyperscale projects are outgrowing insurance capacity, leaving billions of dollars worth of construction risk uncovered as owners, contractors and insurers shift to partial-coverage.
National Park Service bypassed competition for Lafayette Park work as Trump and allies cite Washington Hilton shooting to press stalled ballroom project
A sole-source Lafayette Park contract tied to the White House ballroom project is drawing scrutiny amid a security incident that intensifies the push to build it.
About $1 billion in federal funding distributed through the Interior Dept. will go toward rehabilitating canals, tunnels and storage systems across six Western states, but America's water infrastructure deficit continues widening faster than investment can close it.