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January 16, 2016 • Vol. IXX • No. 2 • 470 Maryland Drive • Ft. Washington, PA 19034 • 215-885-2900 • Toll Free 800-523-2200 • Fax 215-885-2910
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Inside
Project to Commemorate 100th Race at IMS By Lori Lovely CEG CORRESPONDENT
SDLG Adds Three New Dealers to Network…10
JCB Celebrates Its 100,000th Compact Excavator…24
In preparation for a colossal celebration to commemorate the 100th running of the 500-mi. race at the Indianapolis Motor Speedway in 2016, Project 100 was launched to install upgrades and updates at the famous race track. But how do you update a 100-year-old iconic facility without changing its familiar character? That’s one of the challenges facing Doug Boles, president of Indianapolis Motor Speedway. “We could have torn down and built new, but we’d lose the character and charm that make this place what it is. We want this to remain the Indianapolis Motor Speedway as we know it.” Instead of replacing it, the project will involve renovating within the existing footprint. To make sure the changes don’t change everything, Jonathan Hess, the Indianapolis-based architect who designed the pagoda, media center, trackside garages and pagoda plaza that debuted in 2000, was chosen to guide the project. Even with his experience at the Ensuring that modern updates and technology don’t ruin historic feel has been a struggle as IMS goes through famed oval, Hess, president of Browning Day Mullins Dierdorf Architects, said it’s the the makeover. a delicate balance to move IMS forward while staying true to its structural past. Ensuring that modern updates and technology don’t ruin the historic feel has been a struggle as IMS goes through the makeover, said Boles. Built in 1909, the Speedway is a unique place where every feature represents a direct link to a moment frozen in time, a memory shared by passionate fans. Alterations to this sentimental space always create controversy.
AGC Report Shows Industry Spending State Regulators Again Continues to Grow Approve Keystone XL see IMS page 50
Dolan Discusses Ritchie Bros. Success…82
Table of Contents ........4 Parts Section ..............38 Paving Section ......51-65 Auction, Profiles Section ................................81-93 Business Calendar ......83 Advertisers Index ......94
By James Nord ASSOCIATED PRESS
PIERRE, S.D. (AP) State regulators approved again on Jan. 5 the portion of the Keystone XL oil pipeline that would go through South Dakota, despite the project’s stalled status at the federal level. The South Dakota Public Utilities Commission’s decision also hinges on a requirement that TransCanada Corp. get a presidential permit for the project.
President Barack Obama blocked the pipeline in November, but it could be revived under the next administration. South Dakota’s decision “further strengthens’’ the company’s commitment to the project, and TransCanada is evaluating its options despite the “unjustified denial’’ of its application by the Obama administration, spokesman Mark Cooper said in a statement. TransCanada’s proposed pipeline see KEYSTONE page 38
Construction spending slipped in November from a month earlier but maintained a strong rate of year-overyear growth in all major categories, according to an analysis by the Associated General Contractors of America. Association officials noted that the new spending data demonstrate a lot of uncertainty within the private sector about the need for new projects while state and local government officials are worried about budget constraints. “The November data show divergent trends for residential, private nonresidential and public construction,” said Ken Simonson, the association’s chief economist. “Compared to October levels, spending dipped overall but climbed for homebuilding, school and office construction. Previously fast-growing categories such as multifamily, manufacturing and lodging construction have stalled for see SPENDING page 87