Bally’s Is Slow-Walking Its $1.7B Chicago Build Over Video Gambling
Bally’s told its Gilbane-led JV it is resetting construction pace on the non-gaming half of its $1.7B Chicago casino, putting 1,500 union workers in limbo.
AECOM Took a $337 Million Charge on One Construction Management Job
AECOM swung to an $86.7M quarterly loss after a $337M charge on a single CM project bid in 2019, even as backlog hit a record $27.8 billion.
Multifamily Developers Are Now Blaming Utility Hookups, Not Just Rates
NAHB’s Multifamily Production Index fell to 43 in Q2, mid and high-rise sentiment to 32, and developers named utility connections as a constraint.
Clark, Mortenson and SmootDC Will Build the $3.8B Commanders Stadium
The Washington Commanders named their construction joint venture on August 11 for a 65,000-seat enclosed stadium on the RFK site, opening in 2030.
Two Workers Died in a Stockton Trench and Nobody Knew for 12 Hours
A 10-foot trench collapsed Friday evening at a Stockton supermarket site. The two men inside weren’t found until a coworker returned Saturday morning.
The Labor Board Has a Quorum Again, and a 3-1 Majority
The Senate confirmed James Macy and David Prouty on August 7, restoring the NLRB to four members and putting Cemex and joint-employer precedent back in play.
Amrize Raised Revenue Guidance and Cut EBITDA. Blame Diesel.
North America’s largest cement producer posted 8.6% Q2 revenue growth, then trimmed EBITDA guidance as oil-driven freight and diesel costs outran pricing.
Colorado Just Made Delay Costs Claimable on Public Bond Claims
SB26-074 takes effect August 12, letting Colorado contractors include delay and lost-productivity costs in public bond claims without risking the whole claim.
Dream Finders Is Buying Beazer for $33.50 a Share
The $2.2 billion all-cash deal creates the sixth-largest U.S. homebuilder across 26 markets and about 520 communities, with $100 million in targeted synergies.
A One-Sponsor Senate Bill Would Freeze DOE Appliance Standards for 270 Days
S.5338 would codify DOE’s Process Rule, force the July proposal final within 270 days, and strip states of the power to set their own appliance standards.
Buildots Just Put a Laser Scanner Inside Its Progress-Tracking AI
Buildots and NavVis added survey-grade laser scanning to the construction intelligence platform on August 11, already running on Intel fab work.
Take Out the Data Center Guys and Backlog Is 7.5 Months
ABC’s backlog indicator fell to 8.0 months in July. The 88% of contractors with no data center work sit at 7.5 months, against 11.4 for the rest.
Tutor Perini’s Federal Arm Won a $69.5M Rebuild of Death Valley’s Water System
Perini Management Services will replace the water and wastewater systems serving Furnace Creek and Cow Creek, where repairs have been running about once a week.
Banks Eased Commercial Real Estate Lending Everywhere Except Construction
The Fed’s July loan officer survey shows banks easing on nonresidential and multifamily but holding construction standards flat. CLD was the only category where demand fell.
$300 Million in GI Bill Money Went to Trade Schools That Barely Taught a Trade
A Washington Post investigation built on a records suit against the VA found for-profit trade schools billed over $300 million for courses that ran days, not months.
A Senate Bill Would Make CDC Count Why Construction Workers Kill Themselves
A Senate bill would fund a national CDC study of construction suicide risk coded by trade, union status and injury history. The industry rate is 43.2 per 100,000.
New York Inspected 180 Jobsites and Cleared Office Conversions
NYC’s Buildings Department closed phase one of its sweep after the 235 East 42nd Street column failure: 65 violations, 19 stop-work orders, no case against conversions.
Knife River Moved 13.7% More Rock and Made Less Money on It
Knife River’s Q2 aggregates volumes rose 13.7% and mix-adjusted pricing 8%, but EBITDA slipped and margin fell 200 basis points. Demand is real; the spread isn’t.