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P3 Inks Deal for Detroit-Windsor Bridge Project Financing

ENR Construction

Bridging North America, a partnership of Fluor, ACS Infrastructure Canada and Aecon Group, reached financial close late last month to design, build, finance, operate and maintain the 1.5-mile-long mile-long Gordie Howe International Bridge Project for the Windsor-Detroit Bridge Authority under a 36-year, $4.4-billion

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The Road to Recovery in Detroit

Buisness Facilities Contributed Content

These have been dark days for Detroit. The finances of a city once the center of the automotive universe are in the hands of an unelected manager appointed by Michigan’s governor. billion in its Jefferson North plant on Detroit’s dilapidated East Side.

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UniFirst Investing $12M In Owensboro, KY Expansion

Business Facilities

Last month, the Kentucky Economic Development Finance Authority (KEDFA) preliminarily approved UniFirst for tax incentives up to $500,000 through the Kentucky Business Investment program. UniFirst recently purchased Detroit-based competitor Arrow Uniforms in a $122 million cash deal. Matt Bevin. “We

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Seven Things to Do When an Owner Doesn’t Pay

Constructonomics

Of course we fronted large amounts of money for labor and materials that we were now looking to finance because payment was not being made. Investment in municipalities (such as municipal bonds) are some of the safest investments out there because these organizations will rarely default (I guess Detroit is an outlier).

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Feature Story: Public-Private Partnerships – An Alliance For Progress That Works

Business Facilities

The MEDC was created as a public body corporate in 1999 through an Interlocal Agreement between the Michigan Strategic Fund and public agencies across Michigan. MEDC touts recent projects such as Whirlpool, Two Men and a Truck, Stik.com and the creation of an urban innovation district in downtown Detroit as examples of its growing success.

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Cover Story: 2014 Business Facilities – Metro And Global Rankings

Business Facilities

The new facility, which will increase Apple’s workforce in Austin to more than 6,700, will serve as the primary operations nexus for the company in the Americas outside of Apple’s global headquarters in Cupertino, CA, centralizing accounting, human resources, sales, marketing and finance. Airbus is the largest customer of the U.S.

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FEATURE STORY: High-Tech Hubs Are Moving To Their Markets

Buisness Facilities Contributed Content

In addition to locations in Detroit and Newport Beach, Calif., The base has entered into an agreement with California-based solar developer SunEdison LLC to design, finance, build, operate and maintain the array on 170 acres of underutilized base property. operations,” said Hezi Himelfarb, CEO of IceCure Medical.