There will no checking in the next few days at the 2,000-room Gaylord National Resort & Convention Center south of the nation's capital. The five-year-old complex owned by Ryman Hospitality Properties is being shut down at noon today because it will be without water — likely until this weekend — as workers repair a crumbling 54-inch pipe that serves much of Prince George's County. It's too early for Ryman execs to put a dollar figure on the suspension's impact, but it could be a pretty penny: In 2012, Gaylord National generated an average of $664,000 in revenues daily.
The state will invest millions in the coming years to eliminate one of the state's busiest intersections — the meeting of Broad Street and Old Fort Parkway in Murfreesboro — by building an overpass as part of a so-called single-point urban interchange. The plan will ease wait times at a place that now sees nearly 60,000 vehicles a day pass by.
The City of Murfreesboro and utility owners are currently working to secure the necessary property required to relocate water, sewer, gas, and cable and phone lines. Once that is complete, TDOT anticipates being able to put the project out for bids in the fall of 2013. Once a construction contract is in place, TDOT will announce several local and regional detour options, and provide details about the construction schedule and work hours. Construction is anticipated to begin in early 2014 and estimated to take 36 months.
Rep. Cooper isn't so sure federal money is going to be there for the bus rapid transit project Mayor Karl Dean wants to build. And there's a new opposition group.
“I think his view is that right now with sequestration going on, and until we strike some sort of grand bargain on the deficit, there’s just not a whole lot of extra money floating around out there for projects like this,” Hill said.
Metro public transit officials on Thursday unveiled their proposed name for the bus rapid transit line that is planned for the West End-East Nashville corridor and outlined their financing plans for the project. They see The Amp getting 43 percent of its $174 million in funding from the federal government, with the state providing for about 20 percent. And asked about community groups in North Nashville pressing for the line to cut through their community, Mayor Karl Dean said the dollars from D.C. would likely only come if the higher-density West End corridor is chosen.
The summary also highlighted BRT’s projected impact on traffic and travel times along the corridor. Projections included in the report showed that, in 10 years, an individual using BRT to travel from St. Thomas Hospital to Bridgestone Arena would arrive about twice as fast as someone travelling by car. Officials expect a ridership of more than 1.6 million in the first year of operation, based on ridership forecasts, and said that number is projected to grow to 2.5 million by 2022.
Click here to check out the full engineering and design analysis of the project.
Following Delek Logistics' first earnings report, two analysts following the infrastructure spinoff from Delek US Holdings have adjusted their view of its partner interests' valuation. Paul Cheng at Barclays says investors should continue to overweight Delek Logistics (Ticker: DKL) and has raised his price target to $33 from $26, saying the company's expected asset purchases will quickly boost its bottom line. Over at Wells Fargo, Roger Read isn't as enthusiastic and says the company's growth potential is being reflected in its current high-$20s valuation.
The American Council of Engineering Companies of Tennessee this week handed out its annual Engineering Excellence awards, recognizing three area projects. Winners of Grand Awards are the Korean Veteran Boulevard stretch from Fourth to Eighth avenues, the redecking of Interstate 24 in part of East Nashville and the Situational Awareness for Flooding Events program. Taking home top prize, the Grand Iris Award, are the engineers at EnSafe, who helped clean up contaminated groundwater at the U.S. Navy's installation in Millington. Check out all the details here.
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