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With a hawkish Federal Reserve pushing higher interest rates to fight inflation, the design market could be a canary in a coal mine for what some economists say will be a “mild” recession later this year.

Bechtel Energy is EPC contractor for the Rio Grande LNG project, with its $11.5B price agreement for the first three trains extended to June 15 and a final investment decision by developer Next Decade to be made by June 30.

Project news from Dodge Data & Analytics for the Southwest region.

Updates about construction professionals in the Southwest region.

Dodge offers data on projected 2023 construction starts in the Phoenix, Arizona, area.

ENR’s 20-city average cost indexes, wages and materials prices. Historical data and details for ENR’s 20 cities can be found at ENR.com/economics

Updates on projects and companies in the Southwest region.

Updates on notable industry events in the Southwest construction industry.

For decades, commuters, holiday trippers and truck drivers have contended with a twisting eight-mile uphill stretch of Interstate 17, with ascents to 6.17% and seasonal temperatures regularly exceeding 100 degrees.

Since its founding in 1989, Tempe, Ariz.-based Architekton Inc. has designed a variety of landmark buildings throughout the metropolitan Phoenix valley and across Arizona.