May '21 Week 2 Newsletter

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Lake Houston-area projects part of $1.3B flood bond deficit 

A stall in anticipated federal funding has up to 45 of 181 flood-mitigation projects in Harris County at a funding deficit, including several projects in the Lake Houston area.At the March 9 Harris County Commissioners Court meeting, the Harris County Budget Management Department said projects from the $2.5 billion flood bond program in 2018 were at a $1.4 billion funding deficit due to a lack of match funding secured.

Source: communityimpact.com

Housing growth sparks retail projects in Houston suburbs

Retail construction could be ready for a rebound as demand from a growing number of suburban Houston households increases and the economy gains momentum. Developers of grocery-anchored shopping centers are taking notice of the thousands of homes being built across Houston’s suburbs.

Source: houstonchronicle.com

Lockwood Road expansion project to be rebid following utility delays

A project to expand Lockwood Road to be four lanes from Beltway 8 to the Union Pacific Corp. railroad has been delayed due to utility conflicts with Union Pacific Corp.,...

Source: communityimpact.com

Fields Cos. moves plans for steel mill project back to Houston

Houston-based Fields Cos. has moved the site of a planned spiralweld steel mill project back to Houston. Until recently, the project was meant to be sited on the Steel Dynamics campus in Sinton, Texas.

Source: bizjournals.com

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