From Riverbender:Â John Simmons, President and CEO of AltonWorks today announced the start of a hotel feasibility study for a proposed new hotel in downtown Alton. The study will be conducted by HVS, a leading hotel consulting firm with offices in St. Louis and around the United States. The study will assess the demand for […]
From West Newsmagazine:Â McBride Berra Land Company has decided to pull its Crestview development project planned for Town Center in Wildwood. McBride had proposed to build 91 detached single-family homes with full basements and two-car garages on 17.3 acres on the north side of Crestview Drive between Market Drive and Eatherton Road. Although the residents […]
From St. Louis Post-Dispatch: As Missouri spends millions of dollars to upgrade its outdated computer systems, a less high-tech threat is challenging state officials. With the unpredictable Missouri River flowing just a few low-lying blocks to the north, Gov. Mike Parson’s administration wants to relocate its central computing office somewhere less flood-prone. Parson, as part […]
Thursday (Nov. 15) PEOPLE of Construction Founder Ron Unterreiner announced the publication of Guide to Better Estimating, a publication aimed at helping the W/MBE contractor and consultant community be more competitive and successful in bidding. He made the announcement at a PEOPLE meeting at Delmar DivINe. The 184-page book, which is free to interested contractors, […]
From St. Louis Business Journal:Â Hundreds of low-income and senior apartments are planned to be built or renovated in the city of St. Louis, representing more than $100 million in projects to be considered for tax subsidies Tuesday Virginia Plaza – $21.9 million apartment complex The $21.9 million Virginia Plaza apartment development is planned for […]
From St. Louis Post-Dispatch: Plans for a dual-branded hotel moved forward Tuesday after a St. Louis board gave an initial approval to tax abatement for the project. The board of the Land Clearance for Redevelopment Authority approved 10 years of tax abatement, worth $7.3 million, for Midas Hospitality’s project. The dual-branded hotel — a boutique […]
From RiverBender:Â The Alton City Council recently passed two ordinances related to the Alton Landfill Solar Farm project, which was first announced earlier this year and is taking shape as progress continues. One item passed was a lease agreement between the City of Alton and Alton Landfill Solar LLC, while the other was an electric […]
From Planetizen: By Devin Partida: Many governments are in too much debt to fund new city development. Private companies, however, are often in a good financial position to finance new projects and have a solid incentive to do so—they often receive the operating profits once a project is complete. Public-private partnerships (PPPs) are good for […]
From St. Louis Business Journal:Â A big-box retail site in North County that houses Burlington and Five Below stores has hit the market for $8.2 million. An affiliate of Aventine Development is marketing the site at 10895 W. Florissant Ave., calling the shopping center it’s part of the “gateway to Ferguson.” It added that Burlington […]
From NPR: By Evy Lewis: The Missouri General Assembly passed a law in 2017 making it harder for people to prove housing discrimination cases. Because that violates the federal Fair Housing Act, Missouri loses hundreds of thousands of dollars every year that would have been used to investigate discrimination complaints. Every year since 2017, Missouri has […]
From St. Louis Business Journal: By Erin Wright: You’ve probably never heard of Roanoke Construction. Even peers in the local construction industry are often surprised to learn that Roanoke has been around since 2012. The St. Louis-based general contractor has spent the past 11 years quietly focused on building affordable housing serving families across the […]
From KMOV: The Missouri Department of Economic Development’s Office of Broadband Development is asking for the public’s input on its plan to invest $1.7 billion to expand the state’s broadband infrastructure. An online survey is collecting feedback on its “Digital Opportunity Plan,” which asks survey-takers how well the plan identifies the state’s broadband needs and lays out […]
From KMOV:Â The contractor tasked with building a new city hall and community event center for the City of Jennings has terminated the agreement. On Thursday, lawyers on behalf of Hankins Construction sent a letter to the City of Jennings outlining damages owed to Hankins Construction and termination of the contract due a stop work […]
From Construction Dive:Â Contractor employer groups have sued the federal government over a recent final rule change to the Davis-Bacon Act, which went into effect Oct. 23. On Tuesday, Associated Builders and Contractors and its Southeast Texas chapter filed suit against the federal government in the U.S. District Court for the Eastern District of Texas […]
From St. Louis Business Journal:Â Core & Main Inc., the Maryland Heights-based distributor of water, wastewater, storm drainage and fire protection products, has agreed to buy the assets of a Minnesota-based drainage products business. Core & Main said it plans to buy substantially all the assets of Granite Water Works Inc., a provider of water, […]
From St. Louis Post-Dispatch: Nine years ago, I visited a group home — cottages, really — for people with intellectual and developmental disabilities. The headline for the resultant column was, “Storm clouds gathering over man’s home of 46 years.” The man was Terry Paridy. He was 71, and he lived in a cottage with five […]
From Construction Dive:Â Infrastructure and capital projects are being hit hard by rising financing costs, inflation and expensive lawsuits, but the latter issue is one builders have some power to mitigate. Contractors can empower themselves by understanding the causes of cost disputes and overruns, and curb the losses of money and time these conflicts routinely […]
From St. Louis Post-Dispatch:Â The company that touted plans to remake wine country here is selling another property in its redevelopment vision, causing some area officials to worry the company is further scaling back its ambitious plans. The Florida-based Hoffmann Family of Cos. has listed 10 acres for sale in Warren County near the Washington […]
From Reuters:Â Two years after President Joe Biden signed a $1 trillion infrastructure bill into law, his administration has launched 40,000 projects aimed at rebuilding America, according to his infrastructure czar, Mitch Landrieu. The White House wants Biden to gain maximum credit for the projects to help him in his fight for re-election, with a […]
From St. Louis Business Journal:Â The delayed effects of interest rate hikes by the Federal Reserve since March 2022 are being felt across St. Louis as developers build fewer projects and say that banks are handing out fewer loans. Developers said banks are becoming more selective about which projects they finance. As a result, they’re […]
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