Anticipated building in 2012 will be the forecast

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: been selected, and the $700 million project may break ground in 2012 if contract negotiations and questions of full funding are resolved. The $300 million DIA hotel has an equal probability for a start in 2012 as it does for a later start, in 2013. Fort Carson will construct the new Combat Aviation Brigade in 2012-13, totaling $750 million. Encouraging news from the north and the south Front Range gives reason for modest optimism, but this will not break Colorado out of a continuing depressed construction volume. nonbuilding Nonbuilding construction includes highways and roads, bridges, dams and reservoirs, power plants, and airport runways and aprons. Sources of funding for highway construction are little changed, and most of the federal ARRA funds have been spent. Traditional state subsidies for transportation dried up in the recession. Generally, industry participants are pessimistic about a recovery in 2012. Almost all activity comes from tax-based sources through different levels of...
View Full Document

This note was uploaded on 02/11/2013 for the course MGMT 231 taught by Professor Yu during the Spring '13 term at Bauder.

Ask a homework question - tutors are online