August 2024

WASHINGTON—While more than 75,000 transportation improvement projects have been initiated, including one in nearly every congressional district, and 43,000 construction jobs have been created by 2021’s Infrastructure Investment and Jobs Act , regulatory proposals threaten to hamper the law’s progress, American Road & Transportation Builders Association Chair Tim Duit told a congressional panel July 24.

NEW YORK—Office buildings in New York City remain a critical contributor to its economy and tax base, as market values reached nearly $205 billion in fiscal year (FY) 2025, surpassing pre-pandemic levels, according to a report released on Aug. 7 by New York State Comptroller Thomas P. DiNapoli. These higher market values are being fueled by growth outside of traditional Midtown office districts, including Hudson Yards, Chelsea, Union Square, Soho, Downtown Brooklyn and Long Island City.

NEW YORK—The Port Authority of New York and New Jersey announced on Aug. 12 that New York Stewart International Airport had received a $24.2-million grant from the Biden-Harris administration for a rehabilitation project completed six years ago that restored two airport runways to a state of good repair and installed new environmentally friendly LED lights into the runway pavement, ensuring safe aircraft operations at the airport.

Low bid news from around the state.