News Roundup

News Roundup (396)

SeaWorld Facing Construction-related Liens as Doors Close

SeaWorld, which has closed its doors in recent weeks, is facing liens from Winter Park construction company Wilsten Group as it allegedly owes $225,000 in unpaid construction bills. So reports the Orlando Sentinel.

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Construction Debt Risk Heightened as Work Grinds to a Halt

The construction shutdown in New York City is threatening the industry’s substantial debt risk. So reports Bloomberg.

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NJ Shuttering Nonessential Construction to Stunt COVID-19

In an effort to curb the spread of COVID-19, New Jersey is shutting down nonessential construction, per Gov. Phil Murphy. So reports NorthJersey.com.

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San Fran Prop Linking Office Development, Affordable Housing Likely to Pass

It appears a ballot measure in San Francisco, which limits office development if the city misses its affordable housing target, will pass. So reports The San Francisco Examiner.

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Ironworker Dies at Amazon Air Hub Construction Site

A construction worker at the Amazon Air Hub construction site at the Cincinnati/Northern Kentucky International Airport has died in a workplace accident. So reports Cincinnati.com.

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Surge in Home Constriction Lifts Lumber Costs

A recent housing construction boom, the biggest since 2006, is driving up lumber prices. So reports The Wall Street Journal.

Lumber futures slated for March delivery closed at $422.30 per 1,000 board feet on the Chicago Mercantile Exchange; wood for May was a fraction of a dollar higher.

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Construction Worker Shortage Impacting Thriving Hotel Industry

The hotel industry’s growth is in danger of being stunted by a shortage of construction workers, according to a new report from intelligence platform Skift. So reports Fox Business.

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PennEast Pipeline’s Fate Hangs in the Balance

The PennEast Pipeline Co.’s federal approval to begin construction of an underground pipeline from Pennsylvania to New Jersey is set to expire Jan. 19, but construction is still on hold as a permit fight is expected to head the U.S. Supreme Court. So reports Lehigh Valley Live.

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Construction Firm Fired After Documents Go Missing from MI6 HQ Renovation

"Sensitive” documents related to the layout of the London headquarters for MI6, U.K.’s intelligence service, went missing as construction firm Balfour Beatty was in the process of a refurbishing project. So reports CNN.

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ABC Calls for 'Wait-and-See' Approach Despite Momentum

Anirban Basu, the chief economist for the Associated Builders and Contractors (ABC), said “momentum” is expected to continue through 2020, but advised economic uncertainties require a “wait-and-see” approach. So reports American Survey.

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