Owners of projects in the education sector this year are faced with conflicting market conditions. On the one hand, the market promises robust new rounds of construction due to record-breaking student populations, but on the other hand, the market threatens to delay or kill projects and programs that seemed economically feasible just a few months ago due to the meltdown in the financial sector and declining revenue for states, municipalities and universities. Owners face a growing need for new K-12 and higher education facilities in nearly every community in the nation. School districts, colleges and universities need new construction to
Hospital and health-care owners around the nation, midway into capital construction programs that were envisioned and budgeted in less-dour economic times, are nervously watching Wall Streets woes as they race to meet growing demand for high-performance, patient-friendly, rapidly delivered facilities. Industry analysts forecasts that earlier this year projected strong hospital starts until 2009 based on unprecedented demand, reversed course by fall when owners began to balk at new plans and projects as stock markets tanked and bond rates soared. Photo: Childrens Hospital of Pittsburgh Childrens Hospital of Pittsburgh will be the first paperless, all-digital hospital. Erikson Retirement Communities Erikson Retirement