article thumbnail

Developer delays $3B The Drew Las Vegas project for 2 years

Construction Dive

The real estate mogul wants to finish a construction budget for the property, which a prior developer had sunk billions into before a 2009 bankruptcy.

article thumbnail

California is Rolling in Dough

Buisness Facilities Contributed Content

State legislators now are busy arguing over how to spend a budget surplus estimated at up to $4.4 Jerry Brown–who wielded his budget-cutting sword like a Samurai warrior during the darkest days–is firmly in the rainy-day fund camp. Southeast Utah Wisconsin budget surplus california san quentin' Far West U.S.

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Estimating- The New Normal

Chianelli Estimating

Most likely none of the cost factors now required will have been budgeted for on previously awarded contracts and the list is formable; controlled access to sites, material delivery disruptions, temperature checks, two week quarantine, reduced labor force – both in the field and in the office, material shortages. cost overruns.

article thumbnail

US Slavery Museum: A Primer on How Not to Develop a Project

Construction Knowledge

The Museum filed for bankruptcy, then rescinded their request. But that faith needs to be backed up with intense budgeting, scheduling, and management. So what’s happening now? The city filed a lien against the land for $300,000 of unpaid back taxes. Pei filed a lien on the land for the full fee amount.

US 40
article thumbnail

Airlines and coronavirus: The suprising airline magnate considering a bid for Virgin Australia

Construction Test

He would bid via the vehicle he uses to invest in IndiGo, as India’s biggest budget airline is known, the person said. IndiGo’s home market is fiercely competitive, with half a dozen major carriers duking it out even after Jet Airways was forced into bankruptcy last year. It’s not hard to see the attractions.

Bidding 26
article thumbnail

5 Success Factors for Construction Firms

Construction Marketing

Projects completed on time and under-budget. It is not unheard of for a construction firm to face bankruptcy and fail because of a lawsuit. Open communication is critical. Ensure the entire team knows the objectives, risk, and expectations of a project. Benefits: High morale. Few unpleasant surprises. Embrace Technology.

article thumbnail

Turbocharging Motown’s Recovery

Buisness Facilities Contributed Content

A few hours after the pixels for that post were hatched, Detroit announced it had become the largest city in history to file for bankruptcy protection. This summer, a federal judge will decide whether to approve a plan that would allow the city to exit bankruptcy court by mid-October.

Detroit 49