First, Biden has to get the pandemic under control. Duh. Unless the new Administration does so in good order, all bets are off. Once a proven vaccine becomes available, there’s the question of whether enough people will take it to create herd immunity. Masks and hand washing alone will not stop this virus, so another dose of stimulus money is going to be needed to feed the families of the Covid-unemployed and help them pay their rent.
But let’s hope for the best. Let’s say that, at some point in late 2021 or early 2022 the pandemic is largely behind us, and the economy is back up and running. What then?
One possibility might be an infrastructure package. Remember, back in 2017, when those on both sides of the political aisle were talking about how crucial it was to restore the nation’s unsafe roads, bridges, rail lines, and seaports to proper working condition? Never happened, of course. Even if both Senate runoff races in Georgia go blue, giving Biden control of both Houses of Congress, it will be difficult to get any sizable infrastructure deal. So those potholes in the roadways leading to your buildings aren’t going to vanish overnight.
Then there’s the Green New Deal. In the primary debates Biden treated the Green New Deal like the plague—as if we needed another one . But he has signed on to bits and pieces of it. He has pledged to sign the Paris Agreement on climate change “on day one” and says he wants to ban oil and gas leases on federal lands, but would only phase out fracking over an undefined period of time in places where it is currently being practiced.
Biden is pushing a $1.7 trillion clean energy plan that he says will produce millions of new jobs, particularly in solar energy, wind, and geothermal. We should be encouraging greater use of renewables in our commercial and residential buildings, which account for 40% of energy use—and resulting carbon emissions. Before we start throwing PVs on every roof in America, though, we need a program to cut the energy consumption in buildings by 60-70%. How do you do that most effectively? Through the use of proven, commonly available, low-tech solutions: more and better insulation, LED lighting, high-efficiency heating-cooling systems, and highly energy-efficient water heating systems.
Biden says he has a plan to retrofit four million buildings, weatherize two million homes, and build 1½ million sustainably designed homes and rental apartments in four years. He may have to arm wrestle a few Republican Senators to get even a piece of that plan through Congress. But if he does, it could be a boon for the multifamily real estate sector.
Related Stories
| Aug 11, 2010
USGBC’s Greenbuild 2009 brings global ideas to local main streets
Save the planet with indigenous knowledge. Make permanent water part of your life. Dive deep water for clues to environmental success. Connect site selection to successful creative concepting. Explore the unknown with Discovery Channel’s best known guide. These are but a few of the big ideas participants can connect to at USGBC’s Greenbuild International Conference and Expo, taking place on November 11-13, 2009 in Phoenix, Ariz.
| Aug 11, 2010
Goettsch Partners wins design competition for Soochow Securities HQ in China
Goettsch Partners (GP) has been selected as the winning firm in the competition to design the Soochow Securities Headquarters, the new office and stock exchange building for Soochow Securities Co. Ltd. The 21-story, 441,300-square-foot project includes 344,400 square feet of office space, an 86,100-square-foot stock exchange, meeting rooms, classrooms, a cafeteria, and underground parking for 400 cars and 800 bicycles.
| Aug 11, 2010
RMJM unveils design details for $1B green development in Turkey
International architecture company RMJM today announced details of the $1 billion Varyap Meridian development it is designing in Istanbul’s new residential and business district, which will be one of the "greenest" projects in Turkey. The luxury 372,000-square-meter development on a site totalling 107,000 square meters will be located in the Atasehir district of Istanbul, which the Turkish government intends to transform into the country’s new financial district and business center.
| Aug 11, 2010
Urban Land Institute honors five 'outstanding' developments in Europe, Middle East, and Africa
Five outstanding developments have been selected as winners of the Urban Land Institute (ULI) 2009 Awards for Excellence: Europe, Middle East, and Africa (EMEA) competition. This year, the competition also included the announcement of two special award winners. The Awards for Excellence competition is widely regarded as the land use industry’s most prestigious recognition program.
| Aug 11, 2010
Design firms slash IT spending in 2009
Over half of architecture, engineering, and environmental consulting firms (55%) are budgeting less for information technology in 2009 than they did in 2008, according to a new report from ZweigWhite. The 2009 Information Technology Survey reports that firms' 2009 IT budgets are a median of 3.3% of net service revenue, down from 3.6% in 2008. Firms planning to decrease spending are expected to do so by a median of 20%.
| Aug 11, 2010
A glimmer of hope amid grim news as construction employment falls in most states, metro areas
The construction employment picture brightened slightly with 18 states adding construction jobs from April to May according to a new analysis of data released today by the Bureau of Labor Statistics (BLS). However, construction employment overall continued to decline, noted Ken Simonson, the chief economist for the Associated General Contractors of America.
| Aug 11, 2010
Thom Mayne unveils 'floating cube' design for the Perot Museum of Nature and Science in Dallas
Calling it a “living educational tool featuring architecture inspired by nature and science,” Pritzker Prize Laureate Thom Mayne and leaders from the Museum of Nature & Science unveiled the schematic designs and building model for the Perot Museum of Nature & Science at Victory Park. Groundbreaking on the approximately $185 million project will be held later this fall, and the Museum is expected to open by early 2013.
| Aug 11, 2010
SOM's William F. Baker awarded Fritz Leonhardt Prize for achievement in structural engineering
In recognition of his engineering accomplishments, which include many of the tallest skyscrapers of our time, William F. Baker received the coveted Fritz Leonhardt Prize in Stuttgart, Germany. He is the first American to receive the prize.