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Laguardia Terminal B Arrives on Time

The final components of the LaGuardia Terminal B redevelopment project became operational in late July, ending development work for the $4 billion airport P3 – one of the largest P3s in US history. The final components consisted of two gates and a portion of the terminal’s taxiway, which needed to be finished after the demolition […]

After Cancelled P3, Mobile River Bridges Cost Estimate Soars

Inflation is soaring in all things construction, and in public works in particular. Inflationary tailwinds will only increase as federal funding from the BIL begins to roll out and public sponsors work to take advantage of its many opportunities, including the more than $2.2 billion in RAISE grants that were awarded last month.

New Ruling, New Law and No Tolls for PennDoT Major Bridge Program

It has been a challenging month for PennDoT’s Major Bridge Program. The P3 program itself is still alive and in predevelopment, but the tolls that would have funded the replacement and rehabilitation of nine major bridges across Pennsylvania are now off the table.

Maryland OP Lanes Approaches Finish Line, and an Election

The race to complete federal permitting and award the first major work package of Maryland’s OP Lanes program is coming down to the wire. It has long been a goal of Governor Hogan’s administration to get the project permitted and underway before his final term in office ends after the November elections. It has also […]

Financial Close for $9.5 billion JFK Terminal 1

The project to demolish and replace JFK’s terminals 1, 2, and 3 is ready to take flight. The first phase of the $9.5 billion project, which reached financial close this month, is expected to open in 2026. Two additional phases to expand the terminal are planned, and will go forward based on terminal and airport […]

Chicago Skyway May Be Back on the Market

According to local news reports, the Chicago Skyway concession may be back on the market – for the third time. Bloomberg reported this month that two of the Skyway’s current investors are considering selling their stakes in the asset, though none of the investors in the toll bridge confirmed the reporting. The Skyway concession is currently […]

Busses, Batteries and Value Capture: Potrero Bus Yard Proposals Due

The San Francisco Metropolitan Transit Authority (SFMTA) will soon accept final, revised proposals from bid teams for the Potrero Yard Modernization project in San Francisco. The project will completely redevelop an aging, 4.4-acre municipal bus maintenance yard near the Mission District in San Francisco, with the intent of expanding capacity and preparing for the transition […]

Uinta Basin Railway Poised to Start Construction

The EPC contract on the long-awaited Uinta Basin Railway project has finally been awarded. The 88-mile freight rail line in Utah will be the largest railway construction project in the US in decades.

San Jose Airport Transit Gets RFP/Q

Successful P3s lead other cities to consider similar P3s. The anticipation of federal funding opportunities leads cities to consider them faster. The city of San Jose is moving very quickly towards a predevelopment agreement for its own airport connector project, releasing an RFP/Q for the program this month. The project will connect the city’s airport […]

Major Bridge Program Gets Major Injunction. PennDoT Appeals

The Major Bridge P3 program in Pennsylvania received a temporary injunction in state court this month. Pending a reversal on appeal, or after a full hearing, the ruling will prevent PennDoT from moving forward with most of the program’s planning and with its predevelopment agreement. The ruling came in response to a lawsuit to block […]