The city of Orlando has approved the sale of an additional $69 million in bonds to partially plug a gaping funding hole in its originally $1.1-billion Community Venues building program and kick-start construction of the $250-million first phase of the city’s new performing arts center. Photo: Orlando Magic The Amway Center, future home of the Orlando Magic, is scheduled for an October opening near downtown Orlando. Funding for the second piece of Orlando’s venues program had taken a hit when revenue from the tourist development tax plunged as a result of the recession. The city had originally planned to have
Private investors will be interested in high-speed-rail projects-if the federal funding stream remains consistent, experts say. Photo courtesy U.S. High Speed Rail Association Nazih Haddad, COO of the Florida Rail Enterprise, stated Florida will need further federal funds before it can proceed with its Tampa-Orlando HSR project. Related Links: Florida HSR Power Point Presentation at USHSR Conference In particular, advocates are hoping the $2.5-billion Tampa-Orlando line will prove the mode’s viability. However, that project still lacks about $1.2 billion in funding. The assurance of future federal funding is a key first step in attracting necessary private-sector investment, said Michael Cant,
Private investors will be interested in high-speed-rail projects—if the federal funding stream remains consistent, experts say. In particular, advocates are hoping the $2.5-billion Tampa-Orlando line will prove the mode’s viability. However, it still needs about $1.2 billion more to be completed. Photo: Scott Judy / ENR High-speed-rail line in Florida could be potential national showcase. The assurance of future federal funding is a key first step in attracting necessary private-sector investment, said Michael Cant, vice president of financial advisory services, SMI International Financial Advisory Group, Montreal. He led a session on private-sector financing this month at a conference in Orlando
Throughout this issue of Southeast Construction, public works projects are front and center. Here, we provide a look at the strength of the market as a whole, and how contractors are fighting to win work in this critical construction sector. Photo: Dwayne Easterling, Jacobs Associates The $305-million South Cobb Tunnel, currently under construction in Cobb County, Ga., is one of the larger public-works projects under way in the four-state Southeast region. But it’s certainly not the only one. Image: City of Orlando Orlando’s “Venues” building program also includes a $425-mi llion performing-arts center. The center’s design team includes: HKS Architects,
It’s been a long time coming, but the final piece of the city of Jacksonville’s Better Jacksonville Plan is finally becoming a reality. Turner Construction Co. is leading the $224-million design-build construction of the Duval County Courthouse. Construction started last April, with scheduled completion in May 2012. Turner vice president and operations manager David Reaves says the company expects to top out the seven-story, 800,000-sq-ft structure in April. Image: Turner Construction The new Duval County Courthouse, designed by KBJ Architects of Jacksonville, Fla. Turner Construction Co. is leading the construction of the $224-million project. Related Links: Public Works: Industry’s Salvation
Odebrecht Construction of Coral Gables, Fla., has completed repairs at Haiti�s Toussaint Louverture International Airport in Port-au-Prince, enabling commercial carriers to resume service to and from Haiti�s capital beginning Feb. 19. Slide Show Photo courtesy Odebrecht Construction Odebrecht Construction of Coral Gables, Fla., oversaw repairs to the Port-au-Prince airport. Representatives of Dallas-based American Airlines and Odebrecht toured the devastated city four days after the Jan. 12 earthquake. According to Odebrecht, the contractor immediately assembled a team to repair and rebuild the airport’s commercial terminal. The contractor is currently performing more than $1 billion in construction at Miami International Airport’s North
On Jan. 28, officials with the Obama administration unveiled grants totaling $545 million for the state of North Carolina to use to fund rail improvements. A grant totaling $520 million will fund nearly 30 interrelated projects aimed at increasing top train speeds and doubling the number of round trips on the Raleigh-Charlotte corridor. These funds will provide for the purchase and rehabilitation of locomotives and cars, track upgrades and station security improvements. A separate $25-million grant will fund "congestion mitigation" between Raleigh and Richmond, Va. Lisa P. Jackson, administrator with the U.S. Environmental Protection Agency, made the announcement Jan. 28
Florida’s transition to more efficient and clean energy production hit a speed bump in January when Juno Beach, Fla.-based FPL Group said it would immediately halt work on approved nuclear and modernization projects that collectively totaled as much as $20 billion. The sudden move came on the heels of the state Public Service Commission rejecting FPL’s requests for rate hikes totaling more than $1 billion. FPL Group Chairman and CEO Lew Hay cited the decision as evidence of a deteriorating regulatory climate in Florida that “is increasingly hostile to investment.” The largest projects are two additional nuclear units at the
Florida’s transition to more efficient and clean energy production hit a speed bump last month when Juno Beach, Fla.-based FPL Group said it would immediately halt work on approved nuclear and modernization projects that collectively totaled as much as $20 billion. The sudden move came on the heels of the state Public Service Commission rejecting FPL’s requests for rate hikes totaling more than $1 billion. FPL Group Chairman and CEO Lew Hay cited the decision as evidence of a deteriorating regulatory climate in Florida that “is increasingly hostile to investment.” The largest projects are two additional nuclear units at the
Florida is looking to the private sector to bankroll high-speed rail. The state’s proposal for federal funding anticipates that private-sector funding would cover all operations and maintenance expenses for a planned line between Orlando and Tampa. State transportation planners aren’t committing any state funding to the system for the foreseeable future. Despite widespread enthusiasm for the project, the president of the Florida Transportation Builders Association is worried about high-speed rail’s long-term impact on state transportation funding, especially since the state has no dedicated funding source for a rail system. “There doesn’t appear to be any recognition at all of the
