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California Mayors Sam Liccardo, Mark Farrell and Libby Schaaf on Monday encouraged voters to approve Regional Measure 3, which proposes raising tolls on seven state-owned bridges in the Bay Area, during June 5 voting. "RM3 is about saving the planet and saving our sanity," said Oakland Mayor Schaaf.
The New Jersey Turnpike's 14A toll plaza reopened Monday after a $286 million makeover project was completed. New Jersey Gov. Phil Murphy joined Bayonne, N.J., Mayor Jimmy Davis at an opening-day event.
General Motors stock shares could soar to $134 over the long term as autonomous-vehicle technology networks become more common, Citigroup analyst Itay Michaeli notes. "Establishing large autonomous vehicle subscriptions, even as a substitute to traditional leasing, could become a major profit enhancer for low-margin segments like cars and even crossovers," Michaeli writes.
The construction industry has too many variables to completely replace labor with machines, but companies are starting to integrate automation into the construction process. An example is Clark Construction's use of a brick-laying robot in building a school.
Construction is set to begin next month on a $1.5 billion aluminum mill in eastern Kentucky, and the company behind the project, Braidy Industries, says it has hired three contractors for the job. Work must begin by June 30 under the terms of a tax incentive agreement awarded to the project.
The Washington Department of Transportation has awarded a contract to Kiewit Infrastructure West to tear down the Alaskan Way Viaduct. The aging viaduct is being replaced by a tunnel, but the details of the contract have not been finalized.
New York City is undergoing a construction boom, and many contractors in the city have carved out specific niches. The Real Deal compiles a list of the 20 most active contractors, and AECOM Tishman tops the list with 2 million square feet of construction permits.
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