July '21 Week 1 Newsletter

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 I-45 project in limbo after U.S. Department of Transportation halts property acquisition

A multi-billion dollar project that will relocate the entire I-45 downtown corridor to a different part of the city has hit another snag. The U.S. Department of Transportation is putting a stop to acquiring property for the North Houston Highway Improvement Project and plans to audit the Texas Department of Transportation over the proposal, according to a statement from Harris County Precinct 1 Commissioner Rodney Ellis.

Source: abc13.com

A $26-billion plan to save the Houston area from rising seas

When Hurricane Ike made landfall in 2008, Bill Merrell took shelter on the second floor of a historic brick building in downtown Galveston, Texas, along with his wife, their daughter, their grandson, and two Chihuahuas. Sustained winds of 110 mph lashed the building. Seawater flooded the ground floor to a depth of over 8 feet.

Source: salon.com

Port Houston volume jumps 30% year-over-year

In May, there was a 30% increase compared to the same month in 2020. “People need their stuff. Somebody’s revenue is somebody else’s expense. All those expenses go to jobs,” Campo said...

Source: freightwaves.com

Skanska invests $225m in Houston office project

Skanska is investing US$225m in an office development project, 1550 on the Green in Houston, with construction expected to begin in June and scheduled to be completed in 2024.

Source: constructionglobal.com

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