The Related Companies has won wage-cutting agreements with four dozen construction unions in its efforts to save money on the $15 billion development of Hudson Yards. The developer got the groups to agree to cut wages and benefit packages by 10% to ensure they would be commissioned to work on the project, expected to go on for a decade. About 13 million sf of construction is planned for the 26-acre site, which would account for about 39 million hours of work.
Click here to read more. +
Related Stories
| Aug 8, 2013
Bipartisan bill would strengthen model building codes to boost energy efficiency
The Energy Savings and Industrial Competitiveness Act, a bipartisan U.S. Senate bill, would strengthen model building codes to make new homes and commercial buildings more energy efficient.
| Aug 2, 2013
Design of world’s tallest wood skyscraper would be more sustainable than steel alternative
Architecture firm C. F. Møller has proposed building the tallest wooden building in the world in Stockholm, Sweden.
| Aug 2, 2013
Texas law expected to help reduce construction payroll fraud
Texas lawmakers want to get tough on construction companies that commit a certain form of payroll fraud, passing a new law recently signed by Gov. Rick Perry.
| Aug 2, 2013
Surveys show parking space requirements far in excess of what is necessary
Officials in the Northwest’s large metropolitan areas have sent survey takers out at night through apartment and condominium lots and garages, recording empty and full spaces, and comparing their tallies with the number of apartments.
| Aug 2, 2013
Netherlands Institute of Ecology built to zero waste principles
The Netherlands Institute of Ecology was designed and built to be the most sustainable building in Holland and incorporate the zero waste principles of Cradle-to-Cradle design.
| Aug 2, 2013
Threat of more powerful coastal storms could curtail development
Led by Stanford University’s Natural Capital Project, researchers mapped the intensity of hazards posed to communities living along America’s coastlines from rising seas and ferocious storms now and in the decades to come.
| Jul 26, 2013
AGC launches new coalition to help bring tax relief to construction sector
Associated General Contractor of America (AGC) has launched the Coalition for Fair Effective Tax Rates to bring tax relief to the construction sector.
| Jul 26, 2013
Legislation would revamp federal contracting policy impacting small design and construction firms
Legislation was introduced in the U.S. House of Representative this month to ban reverse auctions when an agency determines small businesses are qualified to bid on the solicitation.
| Jul 26, 2013
Detroit’s problems may make blue infrastructure codes more likely
The City of Detroit’s financial problems may make it more likely to adopt blue infrastructure standards.
| Jul 26, 2013
Cities should reconsider rooming houses to build affordable housing stock, says expert
Building codes have effectively outlawed the bottom end of the private housing market, driving up rents on everything above it, argues the Sightline Institute's Alan Durning.