Combating the Advent of Close Calls, the Federal Aviation Administration Awards New Funding9/5/2023 In an ongoing effort to reduce what are commonly known as “close calls” at the nation’s airports, the Federal Aviation Administration has just announced up to $121 million in funding for a variety of projects across the country. Such close calls are defined as moments when planes come within several miles of each other or 1,000 feet, possibly increasing the likelihood of a collision. According to the Arizona Republic, one such close call occurred earlier last month at the Phoenix International Sky Harbor Airport when an American Airlines plane and a Southwest Airlines plane came within a few hundred feet of each other when both were departing. While FAA investigators have pointed to a national lack of air traffic controllers needed to safely manage takeoffs and landings as one of the reasons for the advent of close calls, the agency has also set out to alter the configurations of some airfields in order to prevent such incidents. To that end, just under $45 million in funding has been awarded to the Boston Logan International Airport to simplify its airfield layout by removing a part of one taxiway and rehabilitating another. Nearly $40 million has been awarded to the Ted Stevens Anchorage International Airport to remove a section of one taxiway, while installing an entirely new taxiway, and extending yet a third taxiway. The Jackson Hole Airport is receiving $2.6 million in funding for the construction of 1,500 feet of one taxiway and the rehabilitation of some 2,400 square feet of another taxiway. In a statement, Shannetta Griffin, associate administrator for airports with the FAA, remarked that the agency is “serious about ending runway incursions,” and to that end is “putting substantial resources behind our efforts.” By Garry Boulard
0 Comments
A unique collection of four separate properties, totaling more than 65, 400 square feet, is on the market in downtown Denver with an asking price of $24 million. The properties are located in the 1200 block of E. Colfax Avenue, and the adjacent 1400 block of Lafayette Street, with the individual square footage running from just under 6,100 square feet to nearly 44,000 square feet. The largest structure in the package is the Alta Court, at 1490 Lafayette Street, a historic three-story structure designated as a Class C building. The Italian Renaissance Revival structure was completed in 1902 and has always housed apartments. Next largest, at 1234 E. Colfax, is the Rosenstock Place. Designated as a Class B structure, the 15,600-square -oot building was completed in 1918 and thoroughly renovated in 2001. Formerly the home to the city's popular Rosenstock Books, the building's exterior is characterized by its white glazed bricks and terra cotta. For decades the three-story building featured commercial space on its ground level and both office and residential space above. Built adjacent to the Rosenstock building is the next property in the package: a one-story, 6,000-square-foot structure at 1244 East Colfax that in the last several decades has served as a fitness center. Built in 1915, the structure is designated as a Class C building. The final property in the package is an undeveloped site in the 1400 block of Lafayette Street measuring just over 21,400 square feet. The property currently serves as a parking lot. The unusual collection of properties, all located in the city's historic Capitol Hill neighborhood, is being listed by the Denver-based real estate firm of Northpeak Commercial Advisors. By Garry Boulard New Luxury Condo Project Set for Construction in Denver's Upscale Cherry Creek North Neighborhood8/31/2023 Denver's increasingly popular Cherry Creek North neighborhood may see the construction of yet one more condo project. A national development and investment firm is proposing to build a 5-story upscale structure at 185 N. Steele Street. That street is dotted with modern multi-story office buildings and apartment complexes. As envisioned, the structure will measure around 172,000 square feet and will include nearly forty individual residential units, along with some 9,600 square feet of restaurant, bar, and retail space. Project developer is the PMG company, which has offices in New York and Miami, and specializes in luxury mixed-use properties primarily in the South, but also in New York and Colorado. Additional project amenities include underground parking for up to 70 vehicles, an amenity deck, and balconies for each residential unit. Project designer is the Denver-based architecture firm of Shears Adkins Rockmore. The Cherry Creek North neighborhood makes up one of the most affluent sections of the Mile High City, with average rents for a one-bedroom apartment now nearing the $3,000 mark. Work on the 185 N. Steele Street project is expected to begin early next year, with a completion date of sometime in 2026. By Garry Boulard With access to credit absolutely essential for the nation's small businesses, a new survey is indicating that many small business owners are increasingly worried about increasingly higher financing costs. The survey, conducted by the Nashville-based National Federation of Independent Businesses, revealed that a strong 58% of small business respondents pointed to ongoing high interest as their number one concern in obtaining financing. A smaller 14% reported that the process of obtaining credit was too slow. Other complaints: too much paperwork, repayment schedules that are too short, and collateral requirements that are too large. "The health of the financial system is essential to small business operations," Holly Wade, executive director of the NFIB's Research Center, said in a statement. "While most owners are currently satisfied with their ability to borrow," Wade continued, "the escalating cost of financing associated with high interest rates is a significant issue for many." Roughly a third of small business owners responding to the survey said they had tried to obtain credit in order to meet inventory and operating expenses; while 26% said they needed new financing to either make repairs or replace capital assets. A smaller 20% said they tried to obtain new financing to expand their businesses. While reports of bank closures last year troubled a significant percentage of respondents in an earlier survey, overwhelmingly today the vast majority reported confidence in the stability of the banks they do business with. On a separate but related question, 52% of respondents said they think the U.S. is currently in a recession, with 17% saying they think the recession will hit later this year, and 20% pegging the January to June period of next year as the most likely time for a downturn. By Garry Boulard A school district based in metro Phoenix and Tempe is hoping to secure $161 million in new bonds to fund a series of school facility projects. The Kyrene School District is a K to 8 district that is served by just over two dozen individual schools of varying sizes. The $161 million bond to be decided on by voters in November will largely go for security upgrades at all of the district's schools as well as the District Office complex in Tempe. Those upgrades include building front office security spaces and perimeter campus fencing, as well as putting in new security cameras. Because most of the buildings in the district were built before 1990, the bond funding will also pay for heating and cooling system upgrades, updated electrical systems, and overall structural repairs and improvements. Voters in the Kyrene School District last approved a school facilities bond in 2017. That $117 million bond has since gone to pay for school building repairs and upgrades, as well as the replacement of an underground fuel tank. By Garry Boulard Plans are underway for the modernization of a wastewater treatment plant that serves the town of Anthony, Texas, roughly 20 miles to the north of El Paso. Work at the facility, located at 401 Wildcat Drive, will allow the plant to remove arsenic from Anthony's potable groundwater supply. The project is now expected to receive nearly $600,000 in federal funds via appropriations legislation now winding its way through Congress. According to the office of Texas Representative Veronica Escobar, the El Paso metro area is in line to receive a total of around $19.2 million out of Washington for exactly 15 projects, some of which are centered on infrastructure improvements. The combined projects, said Escobar in a statement, "will make a tangible impact on El Pasoans from all walks of life." Some $850,000 in funds is expected to go to the Lower Valley Water District for a new ground storage tank; while the University Medical Center of El Paso will receive not quite $1.4 million to replace an emergency generator. The long-planned Terminal Bridge Reconstruction Project at the El Paso International Airport is slated to receive $850,000 for design and construction work. That project is replacing an existing traffic structure that serves as the airport's primary exit. By Garry Boulard A first of its kind report just issued by the Department of the Treasury asserts that membership in a labor union is almost always good for a worker's pocketbook. The report says that on average wages are increased anywhere from 10% to 15% for workers who are unionized. Even more, union membership tends to improve fringe benefits and retirement plans. Unionization, says the report, also brings with it a spillover effect: "Competition means workers at nonunionized firms see increased wages, too," as well as improved worker safety procedures. Such improved workplaces, "contribute substantially to middle class financial stability and worker well-being." And in helping to create a larger middle-class demographic, unions also reduce overall inequality: "Income inequality often feeds back into inequality of opportunity, which impedes growth if disadvantaged people cannot access the resources necessary to acquire job skills or start businesses." The American labor movement dates to the mid-19th century but saw its greatest growth in a largely factory economy during the Great Depression with the passage of the National Labor Relations Act. That legislation provided a legal standing to workers attempting to organize unions. In its wake, the country saw a steady increase in the number of unionized workers, peaking at around 35% in the early 1950s, but steadily dropping after that to 23% in 1980. According to a Bureau of Labor Statistics report issued earlier this year, the number is now down to 10.1%. Of that figure, roughly 7.1 million workers are employed in the public sector, while 7.2 million are in the private sector. Despite the ongoing decline in organized workers, the very idea of labor unions remains popular: according to a Gallup survey released late last year roughly 71% indicated their approval of labor unions in general--the highest level of popular support since 1965. By Garry Boulard Construction is expected to begin later this year on a massive lithium battery manufacturing plant within the borders of the Aerospace Research Campus in Tucson. The project belongs to the company American Battery Factory, which is based in the northern Utah city of American Fork and is expected to cost around $450 million to complete. It is thought that upon completion, the plant will be capable of producing a massive 3 billion watts of power on an annual basis. The project will go up on a 267-acre site just to the south of the Tucson International Airport that is owned by Pima County. Altogether, the larger Aerospace Research Park measures just over 500 acres. Founded in 2021, the American Battery Factory specializes in the production of high-performance prismatic Lithium Iron Phosphate batteries. Members of the Pima County Board of Supervisors late last year agreed to sell the Aerospace Research Campus land to the American Battery Factory. Upon the Supervisors' vote, the Utah company announced that the new plant would comprise "an estimated $1.2 billion in capital investment, $3.1 billion in economic impact to the state," accelerating the growth of a national clean energy economy. The new plant is expected to be completed in 2026, with an expansion to be built in 2028. By Garry Boulard Voters in a growing school district in northern Colorado will be tasked in November with deciding on a $100 million bond that will mostly go for the construction of new employee housing. Like many other parts of the state, Eagle County has seen a substantial increase in housing costs in the last several years, large enough to make it difficult to recruit new schoolteachers and other public employees for work. In response, members of the Eagle County School District's Board of Education placed on the November ballot a proposed $100 million bond to be used for new housing construction. "The lack of affordable housing really keeps us from filling the positions that we have vacant in our organization," District Superintendent Philip Qualman recently commented to the Vail Daily newspaper, noting that the district currently has at least one hundred openings, representing 10% of its staff. The bond proposal does not represent the district's first foray into the housing world: it earlier opened a 37-unit apartment complex called Miller Flats, which has since been flooded with applicants. That project has been funded using 30-year certificates of participation. Besides being used to target new housing construction, the $100 million bond is expected to fund safety and security upgrades at the district’s nearly two dozen elementary, middle, and high schools. The average rent for a one-bedroom apartment in Eagle County, according to the site RentData. org, is currently slightly over $1,300. Ten years ago, the average stood at just under $950. In 2020, the district approved a master plan calling for the construction of at least 120 new housing units for employees by the end of the decade. By Garry Boulard A battle over what kind of ceiling fans can be installed in new residential construction is growing more intense in Washington. New proposed standards announced earlier this summer by the Department of Energy are designed to make ceiling fans more energy efficient. As published in the Federal Register, the new rules are in keeping with the Energy Policy and Conservation Act, which "prescribes energy conservation standards for various consumer products and certain commercial and industrial equipment, including ceiling fans." Under the proposed rules, the energy consumption for belt-driven and large diameter ceiling fans would be decreased. Fans containing the equipment needed to comply with the new rules are expected to cost around $10 more for consumers. The cost for ceiling fan manufacturers could equal nearly $87 million per year, according to the Energy Department. But in a public letter sent to the Energy Department by the House Committee on Small Business, it is asserted that the new ruling would "require numerous small business fan manufacturers to redesign their products and may put between 10% and 30% of small business ceiling fan manufacturers out of business." The letter adds: "It appears that the Department of Energy may not have properly considered small entities during this rule making process." Trying to sort out the different numbers, The Hill publication contacted the Energy Department and was told by a spokesperson that the "one-time total conversion cost would be about $107 million for all manufacturers." Overall savings to the consumer, the spokesperson added, would be "more than triple the incremental costs." If made final, the Energy Department's new ceiling fan rule is not expected to take effect until 2028. By Garry Boulard |
Get stories like these right to your inbox.
|