U.S. sets record in hydroelectric system investment, with new tidal energy and scaled up enhancd geothrmal pilot projects also gaining millions and grid expansion efforts getting a $1.2B infusion.
State DOT dumps stalled $7.3B private developer approach of previous administration, but with public funding not in hand, design and construction is years away.
While still jubilant about the unprecedented amount of federal funding for transit, rail advocates also are concerned about the shortage of workers, the need to better manage project risks and the ability to implement mandated asset-management plans for their infrastructure and vehicles.
Filing by football franchise's real estate affiliate noted a court-led financial restructuring to achieve project's orderly wind-down, with CM-at-risk joint venture partners Mascaro Construction and Barton Malow listed among creditors with a $26-million claim.