Construction E-Note - June 2012


In This Issue:

- Florida Environmental-Land "Bank" Causes Controversy

- Florida Banks Increase Commercial Real Estate Lending

- Birmingham's Downtown Intermodal Facility Faces Uncertain Future

- In Transportation Battle, Localities Quiet on How Funds to Be Spent

- Pinellas Seeing Increase in Number of Unlicensed Contractors

- Budget Cuts Leave Just 4 Inspectors For Gas, Electrical Inspections

- Builders Increased Construction Spending by 0.3 Percent in April

- "Speculative" Construction Beginning to Gain Steam in Some Cities

- Concerns Prompt USGBC to Delay New LEED Standard

- Labor Secretary Unveils OSHA Campaign to Prevent Worker Falls

- In Effort to Go "Green," Office Buildings Becoming Too Closed Off

- Excerpt from Florida Environmental-Land "Bank" Causes Controversy:

An attempt by investors to start an environmental-land "bank" in Florida, a business initially valued at more than $100 million that would profit by replacing wetlands destroyed by developers, has left in its wake three state officials forced to resign or suspended after they objected to the project. Most recently, wetlands expert Connie Bersok at the Florida Department of Environmental Protection was suspended after writing a memo that stated her "refusal to recommend" the project because it could result in a net loss of wetlands statewide and set a harmful precedent.

Please see full E-Note below for more information.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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