U.S. lumber importers are driving buying mania for European wood
The frenzy comes on the heels of record American forest-products imports from Europe in 2020, when North American demand soared and caught sawmills off guard with low inventories.
Construction
Articles
11th Street Development pitches alternative home designs for Lebanon’s growing workforce
The Lebanon City Council is set to consider special zoning in May to allow for new row-house and cottage-style residences to be built near Lebanon Business Park.
City awards $2.6M contract for next addition to Market Street construction
The contract is part of $10.2 million reconstruction project to Market Street on both the east and west sides of Monument Circle.
Historic review panel delays approval for Westfield’s State Road 32 plans
The State Road 32 expansion project in downtown Westfield hit a speed bump Wednesday when the Indiana Historic Preservation Review Board of the Department of Natural Resources voted to prolong the proposed route’s review by at least 30 days.
Demolition of Maryland Street garage now under way
The teardown of the 770-space structure began in March and is expected to be completed sometime this summer, followed immediately by the start of construction on the new 1.5-acre plaza space.
Indy electrical contractor planning to move 150 jobs to new $18M Greenwood HQ
Indianapolis-based Electrical Repair & Maintenance Co. Inc.—better known as ERMCO—unveiled plans Tuesday afternoon to build a headquarters in Greenwood where it will employ 170 workers.
Financial concerns cast doubt on State Road 32 project
The Westfield City Council president is questioning whether to move forward with a road-widening project more than a decade in the making over concerns that it will exceed its budget.
Greenwood approves agreement for $83M redevelopment project
The redevelopment of the former Greenwood Middle School site would bring hundreds of residential units, plus restaurants, retailers and a public parking garage to the city’s downtown.
U.S. infrastructure gets C- from engineers as roads deteriorate
In its “Infrastructure Report Card” released Wednesday, the group estimated it would cost $5.9 trillion over the next decade to bring roads, bridges and airports to a safe and sustainable level.
Longtime local homebuilder Paul Estridge Jr. retiring
Estridge, 63, said a recent lung transplant, along with other factors, convinced him now was the right time to step away from his company after nearly 40 years in the business.
U.S. spending on construction projects rises 1.7%
Despite an economy that’s been battered for nearly a year because of the coronavirus pandemic, historically low interest rates and city dwellers seeking more space in the suburbs and beyond has boosted home sales.
Biden team readies wider economic package after virus relief
During the presidential campaign, Joe Biden pledged to deploy $2 trillion on infrastructure and clean energy, but the White House has not ruled out an even higher price tag.
Indianapolis planning to spend $190M to update public facilities
Each project would range from $7 million to as much as $40 million, with funding coming from bonds tied to an expiring pension levy.
Proposed parking garage in downtown Noblesville might grow from 4 to 5 floors
County officials said the increasing caseload at local courts justifies building an $11.5 million, five-story garage with an additional 100 spaces.
Indianapolis-based residential developer plans Carmel HQ project
Indianapolis-based SC Bodner Co. is planning to build and move its headquarters into a $6 million office development along U.S. 31 in Carmel, according to a proposal filed with the city.
Central Indiana homebuilders see busiest year since 2006
Central Indiana homebuilders saw another onslaught of interest from buyers in December, adding to their busiest year since before the Great Recession.
Lawmakers consider giving local governments more flexibility on road funding
House Bill 207, authored by Republican Sen. Blake Doriot of Goshen, would change how cities and counties with wheel and vehicle excise taxes in place are required to spend Motor Vehicle Highway funds for the next two years.
Pacers, city rethink massive change to fieldhouse exterior as part of renovations
Plans for a grand, glass-wrapped entry pavilion as part of the $360 million renovation to Bankers Life Fieldhouse have been tabled, in favor of minimal updates that largely keep the existing facade intact.
Martinsville expects downtown traffic boom from I-69-related highway closure
A five-mile stretch of State Road 37 will be closed most of this year because of work on Interstate 69, and many local businesses expect a big influx of traffic through downtown as a result.
INCog BioPharma Services selects site, expands plans for Fishers manufacturing facility
INCog BioPharma Services has purchased 16 acres of undeveloped land in Fishers for its planned new biopharmaceutical manufacturing facility. The $60 million project has grown in size.