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Development booming for Rochester's neighbors
Development booming for Rochester's neighbors

Yahoo

time2 days ago

  • Business
  • Yahoo

Development booming for Rochester's neighbors

May 31—ROCHESTER — Just north of Pine Island on the east side of U.S. Highway 52 lies about 400 acres in the township that, if all goes well over the next year or two, should become the future economic engine of the city. In March, the city started the environmental process that would lead to the annexation of that property — now mostly farmland — with the purpose of having a developer — Minneapolis-based Ryan Companies — turn that land into an industrial and technology business park. It's a project that could bring hundreds of jobs — not counting the construction jobs — long-term to the city. How did this happen? As the old saying goes with real estate deals, it's all about location. And in this case, the booming growth of nearby Rochester is one major factor. "The proximity to Rochester is a major factor to us," said Peter Fitzgerald, vice president of real estate development for Ryan Companies. Fitzgerald listed off Pine Island's attributes. In addition to proximity to Rochester there's also a quality workforce, proximity to the Twin Cities, and quick access to major highways such as Interstate 90, Highway 52 and Intestate 35. For Fitzgerald, the idea of developing along Highway 52 between the Twin Cities and Rochester goes back to his days, oddly enough, playing for the Rochester Honkers more than 20 years ago. Back in those days, he often drove between Rochester and the Twin Cities, a drive he felt was closer and quicker than people realized. So when he began working for Ryan Companies, he remembered that drive. "Highway 52 connects the first, second and third largest cities in the state of Minnesota," he said. "It made a ton of sense to pay attention to what's happening along Highway 52." Ryan Companies has been in the development business for 85 years in Minnesota, and has worked on projects around the state. The company has many developed projects in the Twin Cities and along I-35, Fitzgerald said. So, in evaluating Pine Island he saw good infrastructure such as utilities, available land, a strong and skilled workforce, and that access to highways and three major cities. "We had nothing along Highway 52, which we thought was a miss," he said. On the north end of Stewartville, the Schumann Business Park is filling up quickly. Mayor Jimmie-John King said that's because the land is "shovel ready" for development. "When you're putting up a $100 million building — no matter how rich you think people are — people don't want to screw around for 18 months on that borrowed money," King said, referring to the estimated investment in construction by United Therapeutics, a pig-to-human transplant facility. "(United Therapeutics) figures, working with us, they'll be ready to roll a year earlier than they planned on." King said that's a big benefit to companies, having roads, sewer and water and other utilities ready to connect to a site. "That's a huge benefit to these companies that come here," he said. He pointed to Stewartville's other big deal announced this year: Amazon will build a "last mile" delivery hub in Stewartville. With the site ready to build on, he said, a company could go from signing a development deal to beginning construction in as little as 90 days. In fact, real discussions with Amazon began in January, and, if a recent week of rain hadn't occurred, he said, the company would "already be digging in the dirt." United Therapeutics and Amazon are just the latest additions to the business park, first developed in 2003, that already includes Kwik Trip, Schwickert's Construction and FedEx Ground among others. And Schumann's isn't the only area that was built to be builder-ready. Tebay's Industrial Park a few blocks to the south on Highway 63 includes manufacturers Jimmy's Salad Dressings, Halcon Furniture and Geotek Inc. All, King said, have recently expanded or have plans to expand their building footprints, and that means more jobs coming to Stewartville. Elizabeth Howard, Pine Island's city administrator, said while the Ryan Companies development is still in the early stages, site planning would indicate room for 100 to 200 jobs coming to the city. That doesn't include construction jobs for developing the site. Despite the positives of the proposed deal, Howard said she's holding back on any celebrations. Pine Island, she said, has heard it before. "I still hear it in every single meeting I go to," said Howard, referring to the never-realized Elk Run bioscience development proposed by Tower Investments in the late 2000s and early 2010s. "It's at the top of people's minds." Howard said Ryan Companies isn't Tower Investments — which is a good thing — but as this proposal works its way into the environmental review process, she's "being more hesitant that the city is dotting its I's and crossing T's with the developer." Still, there is optimism in town. In April, the city hosted a town hall meeting where the public could come and ask questions about the proposal. "It went well," said Howard. "It was positive. The crowd was mainly people living around the project, more township folks than city folks. The developer and engineer were able to answer their questions and concerns." One question has been why Pine Island? In addition to the reasons listed by Fitzgerald, Howard said the power substation on the north end of town was a plus since data centers or technology businesses are envisioned as potential tenants. Right now, Fitzgerald said, Ryan Companies isn't thinking about end users as much as it is thinking about the environmental review — which should take most of the rest of 2025 — and pre-construction issues such as permitting and zoning. "It's looking at the magnitude of this development and taking a look at what mitigations should be in place to allow for this development," he said. Once all the pre-construction work is done, then Ryan Companies will start lining up tenants for the site. Fitzgerald said all that will take time. Development of the 400-plus acres will likely take a decade in total as more businesses buy up lots within the tech park on what will become the north end of Pine Island. "You do need an anchor tenant," he said. "We'll look for that anchor tenant who will kick off that development." Ron Zeigler, CEO of Community and Economic Development Associates, the economic development arm behind many communities in Southeast Minnesota, said, "Rochester needs a strong surrounding area, and the area needs a strong Rochester." What's happening in Stewartville and Pine Island, he said, is happening to some degree in just about every community near Rochester. "Every town is doing things to make themselves ready for housing development, business development," he said. Howard said Ryan Companies first approached Pine Island about 18 months ago. After some initial inquiries, she heard nothing for a few months. "I was cautious," she said. After all, the city and it's economic development team talk to developers often. But eventually, things started to fall into place. Howard said she got the right people talking to one another: decision makers, state agencies and the city. With so many hoops to jump through for even the most motivated city and developer, as city administrator she didn't want to "put the cart before the horse." "Don't spend taxpayer dollars inappropriately," she said. That means don't get overextended on roads or utilities. Talk to the school district and keep them in the loop. Have a plan for housing. That last one can be worked on no matter what. Both Olmsted County and Goodhue County have done studies showing the need for more housing — apartments, single-family, affordable, senior housing — enough so that she's not worried about pushing too far on that front. The city is already working on quality of life issues such as parks. And Pine Island has joined with neighboring towns — Zumbrota, Goodhue and Wanamingo — to develop a regional wastewater treatment cooperative. Stewartville City Administrator Bill Schimmel said his city — just with it's two newest development announcements, Amazon and United Therapeutics — that the city is looking at somewhere between 100 and 130 new permanent jobs. That doesn't include existing businesses — Halcon, Jimmy's and Geotek — that have or will be adding new jobs. Mayor King said that even on manufacturing lines, those jobs take skills which means those are good-paying jobs. Schimmel said the city is always looking to extend current development opportunities, whether that be residential or commercial/industrial. Apartments have been built in recent years, and roughly three dozen single-family home lots are available. As for business opportunities, there's still room for Schumann's Business Park to expand, but the city is also talking to landowners — including one on the north side of Interstate 90 — for new areas of development. After all, Stewartville is something of a business hotspot. "What seems to have happened, once some of these names are on our map, there seems to be inquiries," Schimmel said. Added King: "I think what we're going to see, and we're already seeing some of it, is the secondary-type business: truck repair shops, the support network. We're starting to hear from some of those type of people. There's a lot of opportunities that way." Opening up a shop that has oil filters and other routine maintenance parts for all those Amazon trucks, he said, would be a smart plan. For Pine Island, the payoff is a little farther down the road, but Howard said she sees it coming. And, like Stewartville has discovered, success can breed more success. "I hope that this is just the tip of the iceberg," Howard said. "I hope this is our new and improved Pine Island."

Live music for summer 2025: 10 must-see concerts in Chicago beyond the fests and arena shows
Live music for summer 2025: 10 must-see concerts in Chicago beyond the fests and arena shows

Chicago Tribune

time3 days ago

  • Entertainment
  • Chicago Tribune

Live music for summer 2025: 10 must-see concerts in Chicago beyond the fests and arena shows

This summer's concert slate points to a transition that continues to slowly unfold locally and around the country. Shying away from big festivals, artists are opting for standalone tours or participating in smaller, manageable package bills. That's welcome news for music lovers who prefer the equivalent of a savory main course to a prix-fixe buffet. And great for anyone looking to catch performers in more intimate environments where headliners can stretch out with a dedicated show. In the next few months, Chicagoans have no shortage of first-rate options in smaller venues purpose-built for music — and, in most cases, at prices that remain below the three-figure threshold. Here are 10 such stops that should be on your shortlist: Samia: 'I wanna be untouchable,' Samia sings in the first verse of the opening cut of her third LP, 'Bloodless. 'I wanna be impossible,' she wishes two stanzas later. The Minneapolis-based singer-songwriter doesn't hurt for confidence, though she has plenty of doubts, regrets and misgivings. Plenty of 20-something indie-pop tunesmiths fit that mold. Yet few possess the imagination to loosely base a record around the bizarre concept of bovine excision and leverage it as a metaphor for reconciling one's prior relationships with and senses of the opposite sex. Melodic, rich, bittersweet, hushed, intimate, albeit insistent: Samia's voice offers another reason to lean into the narratives. Album art and merch that evoke the dark designs preferred by Norwegian black metal bands lend further credence to her ideation. Alison Krauss & Union Station: The last several times Alison Krauss came through Chicago, she partnered with Robert Plant in support of the duo's surprise second duet record. Though the possibility of a third go-round with the former Led Zeppelin legend cannot be dismissed, the Illinois native recently reconvened with her longtime ensemble Union Station for their first LP ('Arcadia') in 14 years. The songs' myth-busting notion that hardship riddled the 'good ol' days' carries weight in our current age. For the group's first tour in a decade, dobro and lap-steel virtuoso Jerry Douglas receives deserved co-billing with the headliner. And newcomer Russell Moore steps in on co-lead vocals and guitar for former stalwart Dan Tyminski. You won't find a better excuse to connect with the premier purveyors of bluegrass. Kathleen Edwards: Sometimes, you need to follow your heart, not what other people want or expect you to do. Kathleen Edwards quickly established herself as one of the wittiest, spunkiest and craftiest singer-songwriters during the early 2000s. She issued four acclaimed albums that culminated with an effort ('Voyageur') spearheaded by Bon Iver leader Justin Vernon. Then, just like that, she dropped out. Or rather, she opened the cleverly named Quitters, a coffee shop outside of her hometown of Ottawa, Ontario. The Canadian operated the cafe as she slowly returned to music, releasing 'Total Freedom' (2020) and a covers EP this spring. Edwards also sold Quitters, remarried and started writing again. All positive developments for anyone drawn to smart, crackling country-rock and incisive, self-assured narratives. MJ Lenderman: Current indie-rock darling MJ Lenderman used a childhood fascination with the game Guitar Hero as a springboard to learn about predecessors who influenced his own work, which he started documenting on a laptop in fifth grade. After paying his dues in the North Carolina club circuits, Lenderman soon gained a wider following in 2022 after making his first properly recorded album ('Boat Songs'). The ascendency of the shambolic collective Wednesday, which Lenderman joins in the studio, and the fact that he unleashes memorably ragged, go-for-broke guitar solos further raised his profile. Last fall's 'Manning Fireworks,' brimming with penetrating character studies, exquisite detail and barbed humor, signaled the 26-year-old Lenderman had officially arrived. Obligatory magazine profiles, best-of-year nods, meme posts and a sold-out tour provided confirmation. FKA Twigs: FKA Twigs began dancing professionally as a 'tween, advanced to performing for global stars like Kylie Minogue and Jessie J, and got her solo break after playing at a party connected to a fetishwear company. Unsurprisingly, body language, fashion and sensuality serve as principal impetus behind everything the British multi-instrumentalist/singer touches. Especially the club music on 'Eusexua,' an electronically sculpted journey that spotlights her finessed vocals, reveals introspective lyrics and rearranges house, ambient, techno, dubstep and synthpop motifs at will. Built for headphones, FKA Twigs' textured sonic portraits transform into ethereal and empowering physical experiences when the singer gets to act them out onstage. Alabama Shakes: For reasons nobody can explain, promising rock bands that form in the 21st century inevitably have short lifespans. Alabama Shakes count themselves among those ranks. Led by vocal dynamo Brittany Howard, the quartet electrified crowds and won over audiences with two studio albums, particularly the aptly titled 'Sound & Color.' Then, just as the group appeared to leap from mid-sized hall to arena status, it went on hiatus. Howard busied herself with a solo career. Circumstances turned bleaker for former drummer Steve Johnson. Now operating as a trio, Alabama Shakes seek to rekindle their old spark on their first tour in more than eight years — one they hint will involve old and new material. Yeah Yeah Yeahs: If you were fortunate to catch Yeah Yeah Yeahs in their prime at Metro way back in April 2003, you witnessed the band's dervish of a singer, Karen O, attack with a blend of grit, humor, brazenness and New York City-style cool that felt too real and spontaneous to be anything else. Don't bet on the vocalist summoning the ghosts of her younger self here. Instead, the edgy trio plans a tactic that on the surface sounds like the exact opposite: reconceptualizing favorites and deep cuts with piano, strings and acoustic guitars. An arty retort to carefree nostalgia, or the next logical step for a group that seldom adheres to convention and values surprise? Yeah Yeah Yeahs' penchant for unpredictability says all bets are off until the shows happen. Pelican: In its most basic form, Pelican is a rock band that doesn't use a vocalist. Beyond that, the quartet endures as one of the most dynamic, diverse representatives of this city's creative climes. Cheekily characterized as 'Post-Emo Stoner Deathgaze' on its Facebook page, Pelican skirts simple description. Having evolved beyond the churning metal of its early era and even dared to adopt classically inspired motifs, Pelican functions as a two-way bridge to Chicago's hard-nosed noise-rock of the late '80s and anything-goes Fireside Bowl scenes of the mid/late '90s. Melodic devices and mysterious intrigue augment the quartet's palette. Another reason to cheer on the local heroes? The release of 'Flickering Resonance,' its first record with original guitarist Laurent Schroeder-Lebec since 2009. 100 concerts for Chicago summer 2025 — starting with music this weekendKing Gizzard & the Lizard Wizard: Depending on the source, lo-fi cult favorites Guided by Voices have released somewhere in the neighborhood of 40 studio LPs, 20 EPs, four box sets and dozens of singles during an on-again, off-again legacy that stretched to the early '80s. Which means at the rate they're going, King Gizzard & the Lizard Wizard will lap their prolific forebearers in roughly five years, all the while adding chapters to their 'Gizzverse,' a fascinating galaxy with recurring characters, stories and themes. The forthcoming 'Phantom Island' marks the enviro-conscious sextet's 27th album since 2010 and witnesses the shape-shifting Australians lean in symphonic directions. At this ambitious outing, the Chicago Philharmonic helps the collective bring it to life. Expect fireworks without the boom. Dave Alvin and Jimmie Dale Gilmore: Elder statesmen Dave Alvin and Jimmie Dale Gilmore make up in pedigree what they lack in mainstream-name recognition. Alvin's sparkling resume includes a stretch co-leading the seminal roots-rock outfit Blasters; stints in the Los Angeles punk collective the Flesh Eaters; and having songs from his deep solo catalog hand-picked for revered television series such as 'The Sopranos.' The 80-year-old Gilmore counts membership in 'alt-country' forefathers the Flatlanders; Grammy-nominated records that double as middle fingers to the Nashville establishment; and a memorable acting turn in 'The Big Lebowski' among his achievements. Together, the explorers channel the aura of the lonely highways, high plains dustiness and bordertown barrooms that populate their bluesy folk and cosmic country.

‘We're losing doctors every day': As Mass General Brigham primary care doctors vote on union, effort is slowed by Trump
‘We're losing doctors every day': As Mass General Brigham primary care doctors vote on union, effort is slowed by Trump

Boston Globe

time3 days ago

  • Business
  • Boston Globe

‘We're losing doctors every day': As Mass General Brigham primary care doctors vote on union, effort is slowed by Trump

Advertisement But MGB, the corporate parent of Massachusetts General Hospital and Brigham and Women's Hospital, MGB filed an appeal with the labor board last week challenging the makeup of the prospective bargaining unit, likely putting the matter in limbo indefinitely. That's because '[MGB is] appealing, knowing that cases won't be heard,' said Dr. Mark Eisenberg, a primary care doctor at Mass. General and one of the union organizers. 'They want to take away our democratic vote. They want to make doctors feel like it's hopeless to fight against a giant.' Advertisement MGB said in a May 21 memo to employees that its legal challenge 'isn't about the outcome of the election — it's about making sure the bargaining unit follows established legal guidelines.' The health system says the NLRB regional director in Boston erred by allowing 237 primary care doctors at 29 practices to vote on whether to form their own union. In fact, MGB says, as many as three-quarters of those physicians were ineligible to vote under NLRB rules because they work in practices that are integrated into acute-care hospitals with other kinds of doctors. Under the rules, MGB contends, the proposed union would have to include all physicians at those hospitals, an argument the regional director previously rejected. 'Even when there is a quorum [at NLRB], this is not an unusual strategy,' she said. 'But now [MGB leaders] get the added benefit that the delay is likely to be even longer because there's not even a chance of getting a decision right now.' The National Labor Relations Board seal at its headquarters in Washington, D.C. Andrew Harrer/Bloomberg A week after his inauguration, Trump fired Gwynne Wilcox, the first Black woman to serve on the NLRB, even though her term didn't expire until 2028. The Supreme Court on May 22 allowed Trump to remove Wilcox while legal proceedings over her firing move forward. With only two members, one below the minimum required to fully function, the NLRB is adrift. Advertisement The MGB union election comes as primary care faces a crisis in much of the nation and more doctors are organizing unions. In 2023, primary care physicians at Minneapolis-based Allina Health formed a chapter of the Doctors Council that included more than 600 members. They have been seeking a contract for over a year. 'This idea that attending physicians are more interested in organizing is a very recent phenomenon over the last two to three years,' said Dr. Kevin Schulman, a professor of medicine at Stanford University. From 2000 to 2022, attending physicians Although Massachusetts has some of the most coveted physicians in the world, primary care medicine is broken here, state officials said Among the woes identified by the Health Policy Commission: more patients reporting difficulty finding doctors; physicians struggling with workloads; an aging and burned-out workforce; short-staffed practices; and a meager pipeline of new clinicians. The outlook is unlikely to improve any time soon. Over the next decade, Economics explains the anemic growth. A newly minted doctor can graduate from medical school with over $200,000 in debt. To pay it off, many opt to become specialists, who typically earn much more than primary care doctors. (On average, a full-time family physician with 20 or more years in practice made $292,373 a year in the United States, according to 2022 data from the American Academy of Family Physicians.) Advertisement At MGB, primary care doctors say they are grappling with similar problems faced elsewhere plus some resulting from upheaval at their health system. In particular, they say, 'We have, drip by drip, lost resources and investment that had been given to primary care over the years,' said Dr. Michael Barnett, a primary care doctor at Brigham and a union organizer. 'We are just a chopping block when they need to save money.' Dr. Kristen Gunning, who has been a primary care physician at Mass. General for 17 years, said she had never considered joining a union before she began participating in the effort about 18 months ago. Gunning is considered a part-time employee because she sees patients for 16 hours a week and, in theory, performs four hours of administrative duties. In reality, she said, she works 45 to 50 hours a week because her duties continue to grow, with much of her work taking place before and after she sees patients. That includes answering questions from patients who call her or use the online portal, reading lab and diagnostic test results, reviewing cases of patients who have been hospitalized, calling in prescriptions, and dealing with insurance companies. Primary care doctors picket outside of Brigham and Women's Hospital on Dec. 13, 2024. David L. Ryan/Globe Staff Gunning said Mass. General's leaders promised primary care doctors their first raise in 10 years last fall but withdrew the offer after the physicians petitioned the NLRB to let them form a union. (MGB says NLRB rules barred the system from changing salaries with a union election pending.) Some physicians are so frustrated, Gunning said, that they are retiring earlier than expected, leaving to work at other health systems, or starting concierge practices. Advertisement 'We're losing doctors every day,' she said. MGB says it recognizes the challenges facing primary care doctors and is taking ambitious steps to address them. Klibanski said the money will pay for more than 90 new support staffers and four more doctors. It will also provide more support for 'practices that serve highly complex patients, patients with social needs, and our aging population,' she wrote in an email to staff. The system also intends to create a new position, MGB chief of primary care. MGB gave few details on what else the investment will finance. Nor would the system say where it will get the money; it has complained of financial challenges and recently completed Barnett, like several other primary care doctors, said Klibanski made her announcement largely because of the impending vote to join the Doctors Council, which is part of the Service Employees International Union. (Klibanski says the health system held focus groups with primary care physicians early last year to hear about their challenges.) Advertisement Even if MGB bolsters primary care, said Barnett, an associate professor of health policy and management at the Harvard T.H. Chan School of Public Health, 'there's absolutely nothing stopping them from cutting it again.' That's why, he said, it's crucial for MGB and unionized doctors to negotiate improvements to primary care in a contract. The ballot-counting at the NLRB regional office on Friday will mark the third time that physicians at MGB have taken steps to form a union in the past two years. In June 2023, about 2,600 doctors-in-training at multiple MGB hospitals voted to join the Committee of Interns and Residents of the SEIU. (Last week, Jonathan Saltzman can be reached at

Best Buy Lowers Profit Outlook, Commits to Mitigating Tariff Effect on Consumers
Best Buy Lowers Profit Outlook, Commits to Mitigating Tariff Effect on Consumers

Epoch Times

time4 days ago

  • Business
  • Epoch Times

Best Buy Lowers Profit Outlook, Commits to Mitigating Tariff Effect on Consumers

Best Buy Inc. has lowered its annual outlook due to the effects of tariffs on the retailer's operations and customers. However, the company said on May 29 that it has already adjusted its supply chain and vendor relations to mitigate any impact on retail prices. Ahead of the opening bell in New York, Best Buy CEO Corie Barry told Wall Street analysts during its earnings conference call that she was proud of the work the Minneapolis-based retailer has done to lower its dependence on sourced products from China, Mexico, and other countries, noting that the 'international supply chain is highly global, technical and complex.'

The top commercial contractors of 2025
The top commercial contractors of 2025

Yahoo

time4 days ago

  • Business
  • Yahoo

The top commercial contractors of 2025

This story was originally published on Construction Dive. To receive daily news and insights, subscribe to our free daily Construction Dive newsletter. New York City-based Turner Construction has once again retained its top spot as the No. 1 contractor in the country by revenue, according to Engineering News-Record's 2025 Top 400 Commercial Contractors list released last week. Reston, Virginia-based Bechtel reclaimed second place after Omaha, Nebraska-based Kiewit, which placed No. 3 this year, pushed it out of the runner-up slot last year. All three of the top contractors experienced some measure of revenue growth. Turner's 2024 revenue grew to $20.2 billion from $17.1 billion last year, while Bechtel grew to $15.9 billion from $12.9 billion. Kiewit generated $14 billion in 2024 compared to the prior year's $13.8 billion. In a large swing, Falls Church, Virginia-based HITT Contracting leapt up the rankings, jumping from the No. 26 slot last year into the No. 10 position on the back of a revenue increase of approximately $3 billion, according to the report. HITT credited the company's revenue jump with listening to, and evolving alongside, its clients, according to Kim Roy, the company's CEO. 'Over the past five years, we've expanded in key sectors with strong demand and long-term opportunities, such as mission critical, hospitality, healthcare, manufacturing and industrial,' Roy told Construction Dive via email. 'We also continue to grow alongside our long-time corporate and multifamily clients, who have been pivotal to HITT's success.' In addition to HITT, Atlanta-based Holder Construction also made a big leap, to the No. 15 slot from last year's position at No. 30. The company reported $7.7 billion in 2024 revenue, compared to $5 billion in 2023. The list comes as public builders have, for the most part, downplayed the effects that President Donald Trump's tariffs have had on their first quarter earnings performance. Since the rankings depend on 2024 revenue, it can be seen as a lagging indicator of performance, unaffected by tariffs, or even the Trump presidency. Other firms that jumped five spots or more in the top 50 include: Minneapolis-based Mortenson, up to No. 22 from No. 27. Concord, California-based Swinerton, up to No. 30 from No. 35. Tempe, Arizona-based Sundt Construction, up to No. 46 from No. 51. Baton Rouge, Louisiana-based Performance Contractors Inc., which landed at No. 47 despite being unranked last year. Columbus, Kansas-based Crossland Construction Co., up to No. 50 from No. 55. Builders that fell five or more spots in the top 50 include: Providence, Rhode Island-based Gilbane Building Co., which dropped from 11 to 17. St. Louis-based Arco Construction Cos., down to No. 29 from No. 17. Southfield, Michigan-based Barton Malow, down to No. 35 from No. 19. While the leapfrogging activity shows that there's always room at the top, there are red flags building in the construction industry as well. In April, project stress rose, and the private sector neared a multi-year high in abandonments, according to Cincinnati-based ConstructConnect. In addition, the Dodge Momentum Index grew 0.9% in April, a lower rate of growth compared to past months, mostly powered by work in data center projects. Without data centers, the DMI would've dropped 3%. At the same time, optimism remains. Construction backlog rose in April to its highest level since September 2023, particularly for builders with over $100 million in revenue. However, it's down year over year for contractors that made $30 million to $100 million in annual revenue. See the chart below for the top 10 commercial contractors on the list: Ranking Contractor 2024 Revenue 1 Turner Construction $20.2 billion 2 Bechtel $15.9 billion 3 Kiewit Corp. $14 billion 4 The Whiting-Turner Contracting Corp. $13.3 billion 5 MasTec $12.3 billion 6 STO Building Group $12 billion 7 Fluor $11.1 billion 8 DPR Construction $10.8 billion 9 McDermott International $8.9 billion 10 HITT Contracting $8.7 billion Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data

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