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Construction activity still strong, despite downturn.

Publication: Real Estate Weekly
Publication Date: 25-JUN-03 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
To paraphrase Sam Clemens' oft-heard jest, "the reports of the death of construction in New York City have been greatly exaggerated." Construction companies are currently busy completing a variety of private projects and the city's infrastructure continues to provide a seemingly never ending source of work. In other words, despite New York's past and present economic woes, construction never really stopped. Whenever there was a slowdown in the private arena, as occurred during the "downfall" of the early '90's, the slack was taken up by the public sector.

This, notes my colleague and longtime PWC member, Rudolph J. ("Rudy") Rinaldi, MA, chief operating officer, TSIG...

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