NEW YORK—The Metropolitan Transportation Authority announced on Dec. 21 that the MTA Construction & Development (C&D) will award a $382-million Design-Build contract to begin reconstruction efforts on the Park Avenue Viaduct in East Harlem.
In 2016, the Financial Accounting Standards Board (FASB) finalized the new lease accounting standard (ASC 842) for private companies. After many years of pushback and delays, the time for implementation is here. The new standard must be adopted by companies with fiscal years beginning after Dec. 15, 2021 and for interim period financial statements beginning after Dec. 15, 2022.
SLATE HILL, NY—Scannell Properties of Indianapolis, IN and Seattle, WA-based Amazon have filed a joint application with the Orange County Industrial Development Agency for tax incentives in connection with their proposed $229-million, 925,000-square-foot warehouse distribution project to be built on 100 acres of a former commercial sand gravel mine here.
$229-Million Amazon Warehouse in Slate Hill Seeks Incentives from Orange County IDA Read More »
ALBANY—New York State will be providing a total of $658 million to support 127 projects that will protect and transform New York State’s health care delivery system, it was announced on Feb. 15. Included in the Statewide Health Care Facility Transformation Program funding package are 17 projects totaling $83.6 million for Mid-Hudson health care institutions for capital projects or assistance in the restructuring of debt.
Mid-Hudson Health Care Institutions Nab $83 Million for Capital Projects, Debt Aid Read More »
Meet new CIC board members Kristina Benza, Samuel R. Etre, Jeffrey Manganello, Giulio Monaco, Jr., and Mark Servidone.
New CIC Board of Director Members Read More »
WASHINGTON—On Jan. 31, President Biden and Transportation Sec. Pete Buttigieg announced that the Biden-Harris Administration had awarded nearly $1.2 billion from the new National Infrastructure Project Assistance (Mega) discretionary grant program for nine projects across the country.
Washington Update – Gateway Project Secures $292M Federal Grant Read More »
HAMILTON, NJ—Total construction starts fell 27% in January to a seasonally adjusted annual rate of $865.6 billion, according to a report released on Feb. 22 by Dodge Construction Network. During the month, nonresidential building starts fell 38%, residential starts lost 20%, and nonbuilding starts declined by 16%.
Report: Total Construction Starts Slip in January Read More »
A roundup of what’s new and who’s in the news both locally and in the state.
What’s New & Who’s News Read More »
ALBANY—New York State officials announced on Feb. 9, $40.3 million in financial assistance for water infrastructure improvement projects, including the first drinking water project in New York State to receive infrastructure funding under the Bipartisan Infrastructure Law in Albany. The Environmental Facilities Corporation Board of Directors approved low-cost financing and previously announced grants, authorizing municipal access to the capital needed to get shovels in the ground for vital drinking water and sewer projects that reduce potential risks to public health and the environment.
