This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Levi's® Stadium Project Reaches Significant Milestones

SANTA CLARA, Calif., Sept. 5, 2013 /PRNewswire/ -- The Turner/Devcon Joint Venture (TDJV), the lead contractor for Levi's ® Stadium, said today it is passing the two-thirds completion point on the construction of the stadium and is on track for the start of the 2014 NFL season.

The project team has already achieved a number of construction milestones. TDJV has begun installation of seating and construction on the concession stands. The curtain wall enclosing the stadium's luxury boxes is nearing completion and fit-out of the stadium's interiors is nearly 50% complete. Upcoming milestones include installation of solar panels and the playing field, which are scheduled to begin in September and December, respectively. The stadium is pursuing LEED Gold certification from the U. S. Green Building Council.

As the TDJV team continues to make steady progress towards completion of the stadium, they have awarded the final contract on the construction of the stadium to Metro Contract Group/VCO. Metro Contract Group/VCO, based in Pleasanton, California, will supply several key packages of furniture, fixtures and equipment. This award marks the latest step in TDJV's outreach and recruitment efforts of small and local businesses in construction of the stadium and brings the total contracts awarded to small business enterprises to $46 million

The project has reached a number of notable employment statistics: 44% of stadium subcontractors are locally based in Santa Clara County; the workforce on the stadium have completed more than 1.7 million hours of work; 53% of the workforce employed by stadium contractors and subcontractors are minorities and/or women, who have earned more than $63 million in wages to date; more than 75% of the workforce resides in the Bay Area of which 35% are from Santa Clara County.  

Kavinder Singh, vice president of Turner Construction Company, said "The final contract brings the number of small business contractors on the project to 35 of the approximately 134 contracts awarded on the project. Our partnership with Metro/VCO speaks to our efforts of utilizing local businesses and provides the added benefit of deepening the ranks of the diverse workforce on the project." Singh continued, "We are extremely proud to include the community in the construction of the stadium that when complete will be such a vital community asset for Santa Clara businesses and residents."

Dwight Jackson, President and CEO, Metro Contract Group said, "As a small and minority owned business with Bay Area roots, we are excited to bring our experience in furnishing professional sports facilities to both the Turner/Devcon team and 49er organization. I applaud their efforts in reaching out to local small business enterprises like Metro Contract Group in an effort to successfully complete this very important project."

About Turner Construction CompanyTurner is a North America-based, international construction services company.  Founded in 1902, Turner first made its mark on the industry pioneering the use of steel-reinforced concrete for general building, which enabled the company to deliver safer, stronger, and more efficient buildings to clients. The company continues to embrace emerging technologies and offers an increasingly diverse set of services. With an annual construction volume of $9 billion, Turner is the largest builder in the United States, ranking first or second in the major market segments of the building construction field, including healthcare, education, sports, commercial, and green building. The firm is a subsidiary of HOCHTIEF, a publicly traded company, and one of the world's leading international construction service providers. For more information please visit www.turnerconstruction.com.

SOURCE Turner Construction Company

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 18,053.71 +23.50 0.13%
S&P 500 2,088.77 +6.89 0.33%
NASDAQ 4,806.8590 +33.3870 0.70%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs