Oregon will spend $300 million in construction bond funding for seismic updates on public buildings.
The funds are included in the legislature’s $1.2 billion capital construction budget. Sen. Peter Courtney, the state’s Senate president, said the allotment for seismic updates is more than lawmakers have ever put toward such projects, according to the Portland Business Journal.
“We know there will be a major quake. We know too many of our schools will collapse," Courtney said. "These funds will help us fix our schools. These funds will save children’s lives.”
The bond funding plan dedicates $175 million for the Seismic Rehabilitation Grant Program, a program that helps make at-risk schools safer in the event of a major earthquake.
A 2007 Oregon Department of Geology and Mineral Industries survey found that more than 1,000 Oregon school buildings face a high risk of collapse during earthquakes.
Related Stories
Building Team | Jul 11, 2016
Addressing client concerns about design-assist
Common concerns about DA include lack of familiarity, obtaining competitive pricing, and design liability.
Sponsored | Building Team | Jul 11, 2016
Construction Disruption at AECX: Technology, hackathons and the promise of change in LA
The lead up to AECX featured a discussion providing insight into the current state of the AEC technological revolution by exploring opportunities, challenges and choices AEC pros face.
Contractors | Jul 11, 2016
Repairing the world’s infrastructure hinges on the construction sector crossing the digital divide
A new McKinsey report identifies five trends the industry should latch onto more broadly.
Contractors | Jul 4, 2016
A new report links infrastructure investment to commercial real estate expansion
Competitiveness and economic development are at stake for cities, says Transwestern.
Contractors | Jun 30, 2016
Chicago contractor found guilty of fraud on city’s requirement on minority-owned businesses
Alleged to have been sham business in bid to win city public works contract.
AEC Tech | Jun 27, 2016
If ‘only the paranoid survive,’ what does it take to thrive?
“Sooner or later, something fundamental in your business world will change.” The late Andrew Grove (1936-2016), Co-founder of tech giant Intel Corp., lived by these words.
Contractors | Jun 21, 2016
Bigness counts when it comes to construction backlogs
Large companies that can attract talent are better able to commit to more work, according to a national trade group for builders and contractors.
Building Materials | Jun 16, 2016
ABC: Construction material prices rise again in May
Nonresidential construction price gains were largely driven by iron and steel prices and steel mill product prices.
Movers+Shapers | Jun 14, 2016
VERTICAL INTEGRATOR: How Brooklyn’s Alloy LLC evolved from an architecture firm into a full-fledged development company
Led by an ambitious President and a CEO with deep pockets, Alloy LLC's six entities control the entire development process: real estate development, design, construction, brokerage, property management, and community development.
Building Team | Jun 13, 2016
BD+C launches Women in Design+Construction Conference
Inaugural 2.5-day event will convene 125+ leading AEC women in Dana Point, Calif., November 9-11, for professional development, networking, and career training.