Total Cost of the Obama Presidential Center in Chicago Nears $1 Billion
The budget for the Barack Obama Presidential Center campus in Chicago’s Jackson Park is now projected at close to $1 billion, more than double its original $350 million estimate. The latest figure from the Obama Foundation is $91 million above the September projection of $909 million, and does not include an additional $123 million in […]
JE Dunn Construction to Lead $480M Central Plant Upgrade at Minneapolis-St. Paul Airport
The Metropolitan Airports Commission has selected JE Dunn Construction as construction manager at risk for a $480 million project to fully renovate the central utility plant serving Terminal 1 at Minneapolis-St. Paul International Airport. The existing facility, which provides heating and cooling to the terminal and its parking structures, dates to the early 1960s and […]
Hudbay and Mitsubishi Approve Construction of $2.07B Copper Mine in Arizona
Japan’s Mitsubishi Corporation has approved a new $423 million capital contribution to advance construction of the Copper World mining project in Arizona, which it is developing jointly with Canada’s Hudbay Minerals. With this amount, Mitsubishi’s total investment in the project will reach approximately $1.02 billion. The new commitment adds to a previous $420 million investment […]
New York’s Iconic Plaza Hotel to Close in 2027 for Multi-Year Façade Restoration
The historic Plaza Hotel, which has stood on Fifth Avenue across from Central Park since it opened in 1907, will close starting in January 2027 for at least four years to undergo a full restoration of its landmarked façade. The announcement was made on October 14, 2026. According to the property, part of Accor’s Fairmont […]
Litigation Over Stucco Cladding Failure at Manhattan Hotel Remains Unresolved
A legal dispute stemming from the fall of a section of stucco cladding from a 38-story hotel in Lower Manhattan remains stalled nearly six years after the incident. The failure occurred on Christmas 2020, when high winds tore loose a stucco panel that fell onto a neighboring building, just two months after the hotel was […]