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
| Aug 11, 2010
New book provides energy efficiency guidance for hotels
Recommendations on achieving 30% energy savings over minimum code requirements are contained in the newly published Advanced Energy Design Guide for Highway Lodging. The energy savings guidance for design of new hotels provides a first step toward achieving a net-zero-energy building.
| Aug 11, 2010
Turner Building Cost Index dips nearly 4% in second quarter 2009
Turner Construction Company announced that the second quarter 2009 Turner Building Cost Index, which measures nonresidential building construction costs in the U.S., has decreased 3.35% from the first quarter 2009 and is 8.92% lower than its peak in the second quarter of 2008. The Turner Building Cost Index number for second quarter 2009 is 837.
| Aug 11, 2010
Turner, Structure Tone top BD+C's ranking of the 50 largest office contractors
A ranking of the Top 50 Office Contractors based on Building Design+Construction's 2009 Giants 300 survey. For more Giants 300 rankings, visit http://www.BDCnetwork.com/Giants
| Aug 11, 2010
AGC unveils comprehensive plan to revive the construction industry
The Associated General Contractors of America unveiled a new plan today designed to revive the nation’s construction industry. The plan, “Build Now for the Future: A Blueprint for Economic Growth,” is designed to reverse predictions that construction activity will continue to shrink through 2010, crippling broader economic growth.
| Aug 11, 2010
PCL Construction, HITT Contracting among nation's largest commercial building contractors, according to BD+C's Giants 300 report
A ranking of the Top 50 Commercial Contractors based on Building Design+Construction's 2009 Giants 300 survey. For more Giants 300 rankings, visit http://www.BDCnetwork.com/Giants