Regions

RSS

There is one bright spot in the December “termination for convenience” of the main contracting joint venture on the Boston area’s Green Line Extension light-rail project: No one is pointing fingers at the contractor as the key culprit behind the project’s soaring cost, which currently is $700 million to $1 billion over its roughly $2-billion budget.

Facing possible bankruptcy, the Spanish power behemoth Abengoa has filed for preliminary creditor protection and is winding down construction projects worldwide.

The construction industry in the Southwest had a busy month in November. Los Alamos Nature Center received top honors, the NvMA recently named new officers, and malls in Phoenix are ripe for mixed-use redevelopment. In other news, one of the country's largest airports continues to be a safe bet for investors and a new veterans facility opened in Mesa.