After a slew of bad economic news the past few weeks, we have some good news to report about two major construction projects courtesy of the always keen eyes over at NakedPhilly.com.
First, NakedPhilly reports a major PennDot infrastructure project for the I-95 Girard Avenue interchange. According to the report:
“The project will separate the interchange into six sections (under six different construction contracts) along a three mile stretch which spans from Race Street to Allegheny Avenue. Construction, in all its six phases, will endure from fall 2010 up to fall 2019 and is projected to reach a total of $950M.”
Second, NakedPhilly reports about a more modest, albeit still substantial, project headed up by the Children’s Hospital of Pennsylvania. According to the report, CHOP is requesting proposals for the development of a 9 acre site at the base of the South Street Bridge.
As the industry struggles with a potential double dip recession and continued high employment, this news could not come soon enough.