Tax reform a principal catalyst behind $100M precast plant venture
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Published: Saturday, 28 September 2019 15:35
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Written by Concrete News
Fortified Precast Technologies, LLC has outlined an ambitious Florida residential real estate development plan, leveraging a partnership with German precast concrete production specialist Vollert Group and Opportunity Zone provisions in the Tax Cuts & Jobs Act of 2017 (TCJA). The company’s Fortified Precast Opportunity Fund is authorized to raise $100 million in $20 million increments to build five plants incorporating Vollert mix delivery, form pallet and companion robotics or casting components. At 32,720 sq. ft. of daily wall panel output, each operation would be capable of supplying more than 4,200 home projects annually. The capacity would be initially targeted to the Sunshine State market, which has seen residential building permits climb from 116,200 in 2016, to 122,700 in 2017 and 142,300 last year.
Read more: Tax reform a principal catalyst behind $100M precast plant venture
Researchers gauge green infrastructure’s capacity for high runoff
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Published: Saturday, 28 September 2019 15:23
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Written by Concrete News
University of Maryland, College Park, researchers are approaching urban and suburban stormwater management with the ultimate goal of increasing resiliency to major weather events. With models predicting more rain than historical levels, plus an increased frequency of particularly intense and destructive storms, they note, flooding is a major concern in communities that are becoming more settled.
Read more: Researchers gauge green infrastructure’s capacity for high runoff
