February 20, 2026

CT Construction Digest Friday February 20, 2026

What's next for proposed Bridgeport soccer stadium site after CT nixes state funds?

Brian Lockhart

BRIDGEPORT — The owners of the lower East Side land where entrepreneur Andre Swanston has wanted to build a minor league soccer stadium are moving on from that idea and instead pursuing their own mixed-use, sports-centered redevelopment project.

“We’re continuing to hone the site plan,” Robert “Bobby” Christoph, a consultant for 255 Kossuth LLC, which purchased the property in 2022, said Wednesday. 

The news comes just days after Gov. Ned Lamont’s administration dealt a severe blow to Swanston’s two-plus-year-old proposal by denying the key state funding the entrepreneur had sought. 

The alternative vision for the 255 Kossuth St. address is not a dramatic swerve from what Swanston and his Connecticut Sports Group organization had in mind  —  housing, restaurants, and a hotel, but now anchored not by a soccer venue but a for-profit community sports facility with multi-purpose courts and fields for training, tournaments and other athletic events.

Christoph confirmed the concept is similar though smaller than Stamford-based Chelsea Piers.

“There is a large demand for facilities like this … to practice and play on, whether a college, a university, a high school, a club program,” he explained, adding the intent is to further engage with the local community, Bridgeport and state officials as the plan evolves. 

If Christoph’s name sounds familiar, he and his father, Robert Sr., have spent years slowly redeveloping the nearby Steelpointe site along the harbor just over Interstate 95 from Kossuth Street, which boasts retail, restaurants and a marina, with apartments well under construction and a hotel on the way.

Swanston has been publicly pursuing his minor league soccer venue since fall of 2023 and was negotiating with 255 Kossuth LLC to acquire its property, a longtime industrial site along the Pequonnock River that most recently housed the shuttered Shoreline Star off-track betting facility.

He had been seeking $127 million in state monies for what he claimed was a $1.1 billion mostly privately financed mixed-use redevelopment. Lamont had continually expressed reservations about that size of an investment but never publicly said “no,” and the Connecticut Department of Economic and Community Development had been in months-long talks with Swanston.

Then last Friday, Lamont’s office and the DECD announced that they were taking a pass.

In his response Sunday, Swanston said “we are evaluating our alternative stadium development plans” but acknowledged the venue may not be able to remain in Bridgeport. He does have a team, CT United, whose players launch their inaugural season March 1, practicing in Stamford at Chelsea Piers and playing at to-be-announced locations around Connecticut and out-of-state.

Reached Wednesday about the future of the 255 Kossuth acreage, Connecticut Sports Group said, “CT United’s majority owners reside in Connecticut and own businesses in Connecticut. Several of our minority owners live, grew up, or attended school in Connecticut. Although markets in other states have already reached out to gauge our interest in moving, we are committed to keeping the team in Connecticut.”

Christoph said 255 Kossuth LLC understands that the stadium is just not possible on that particular East Side property without the state support.

“I do believe he will continue to grow the opportunity in Connecticut. It just won’t be at this location,” Christoph said of Swanston, adding, “We waited for two years for this opportunity (the soccer stadium). And if this was able to happen we wanted it to occur.”

Swanston had a purchase option for 255 Kossuth St. but that expired last summer, raising some doubts at the time about the future of his soccer proposal even before Friday’s bad news from the state.

“Now that that’s been decided, we’re going to move expeditiously,” Christoph continued.

And likely try to take advantage of some of the ground work laid by Swanston and his supporters.

That includes tapping a pair of state grants totaling $16 million awarded in 2024 to clean-up the contaminated Kossuth Street land. While those monies were to have been used to prepare the site for stadium construction, Lamont administration officials had emphasized they were not directly linked to that specific project.

DECD spokesman Jim Watson on Tuesday reaffirmed that position.

“The grant funds are tied to the cleanup and redevelopment of specific parcels of land,” Watson said. “Both … grant awards will remain in place at this time. The grant recipients — the City of Bridgeport and BEDCO (Bridgeport Economic Development Corporation) — can work with the site owner and DECD to identify and request a new end use for DECD’s approval to proceed.”

Christoph mentioned the possibility of the Kossuth sports facility idea benefiting from legislation passed by the Connecticut General Assembly last summer allowing Bridgeport officials to establish a tax incremental financing (TIF) district in that neighborhood.

Similarly originally aimed at but not tied to the stadium, the TIF can be utilized to help pay for up to $190 million worth of infrastructure improvements by allowing a portion of any new real estate taxes generated by the redevelopment to pay off the debt rather than going directly into Bridgeport’s municipal coffers.

In a brief interview Tuesday, Mayor Joe Ganim expressed hope Swanston’s CT United might still call Bridgeport home at other locations. He suggested John F. Kennedy Stadium at Central High School as one possibility.

“Let’s prove its success,” Ganim said of having a minor league soccer team in town.

Then on Wednesday, in response to Christoph’s comments on 255 Kossuth LLC’s decision, the mayor’s chief administrative officer, Thomas Gaudett, said the administration would definitely be interested in learning more.

“I think we would be excited to hear … ideas for housing, a hotel and entertainment space on that site,” Gaudett said. “That is consistent with the general vision we have.”

As for using the tax incremental financing legislation, Gaudett added, “That would certainly be in play if we had a formal proposal.”

The Kossuth Street neighborhood is in the district of state Rep. Antonio Felipe’s, D-Bridgeport. He had heard there was a “Plan B” in the works “but any kind of attention paid to that prematurely was a disservice to the possibility of having soccer.”

“Anyone would be foolish not to support a mixed-use development there, especially when it comes to building more housing in the city,” Felipe said.

He wants 255 Kossuth LLC to include affordable units. Swanston claimed 40 percent of the 1,000 apartments he intended to have built would have been for lower-income tenants. 

Felipe said while he respect’s Lamont’s position, he believes it was “short-sighted” for Connecticut government not to embrace Swanston’s and Connecticut Sports Group’s vision.

“That was a much bigger opportunity to create something exciting, fresh and a draw to the city,” he said. “Soccer was the big fish and we just couldn’t reel it in.”


An aging swing bridge in Connecticut could be all yours — if you can move it

Brianna Gurciullo

The Connecticut Department of Transportation may have a bridge to sell you.

Or, actually, you could have it for free.

Though it has yet to make a final decision about the fate of the William F. Cribari Memorial Bridge, which brings Route 136 over the Saugatuck River in Westport and is listed on the National Register of Historic Places, the state DOT has put out a call for letters from parties interested in moving the structure to a different location and reusing it.

The agency released a draft report this week on the potential environmental impacts of rehabilitating or replacing the swing bridge, which has multiple “structural and functional deficiencies.”

Officials said that if they ultimately decide on replacement, they will contact the parties that have expressed interest in taking the bridge and ask them to submit formal proposals for how they would relocate, reassemble and preserve it.

But who in the world would want to take ownership of a bridge originally built in 1884?

“There are a variety of groups that could be interested in reusing a bridge, including towns, non-profit groups, or community organizations,” said Josh Morgan, DOT’s director of communications. “There is no restriction on who could submit a proposal, assuming all requirements are met, but priority will be given to a potential new owner who would use the structure in a transportation related capacity.”

“The bridge would be available for free, provided that the entity that acquires it has the financial resources to restore and reuse the bridge,” Morgan added. “Additionally, CTDOT would provide monetary assistance for moving the bridge up to the amount that transport and disposal of the structure would cost the agency if it were not reused.”

Morgan said it wouldn’t be the first time a bridge has been relocated in the state. In the 1990s, he noted, Mansfield moved two bridges that used to carry cars to the Nipmuck Trail to instead carry pedestrians. During the same decade, Canton acquired a bridge on Route 6 in Farmington and reused it on Powder Mill Road.

More recently, DOT sought proposals for the relocation of the Stiles Bridge in East Windsor in 2023, but Morgan said the agency received no responses. In Norwalk, no entity was able to reuse the entire Walk Bridge, but parts of it will be repurposed, he said.

If no one expresses interest in the Cribari Bridge, and DOT decides to move forward with a total replacement, “the bridge will be removed to all state and federal standards, like any other bridge replacement project,” Morgan said.

John Suggs of the Westport Preservation Alliance said he's not supportive of the idea of moving the bridge elsewhere, arguing that its location is a part of its historic significance.

“It’s not something that I’m too excited about or think is very probable,” Suggs said.

He said his group has “consistently been advocating for the preservation and the ongoing maintenance of the bridge rather than its destruction.” It has also voiced concern about a new, larger bridge becoming a draw for big trucks looking to avoid highway traffic.

Christopher Wigren, the deputy director of Preservation Connecticut, said if DOT does decide to replace the bridge, it would be good to find a new home for the historic structure. But he said he is unsure how likely it is that any group would be able to take on a project to move and repurpose a span of the Cribari Bridge's size while meeting all of DOT's requirements. 

“It would be a big job,” Wigren said.

The 287-foot-long, 26-foot wide, two-lane bridge carries an average of about 13,000 vehicles every day, according to the environmental assessment prepared by the state DOT and the Federal Highway Administration.

Its vertical and horizontal clearances are inadequate, the assessment says, meaning there isn’t enough space for vehicles to easily cross the bridge without hitting objects. School buses, for instance, are at risk of clipping mirrors or the bridge’s trusses.

And because of the bridge’s “deteriorated condition,” vehicles that weigh more than 20 tons cannot use it, the assessment states. Eventually, the structure will be unable to support the weight of vehicles like fire trucks and buses.

The span also has a substandard guardrail system, and the mechanical and electrical equipment used to open and close the bridge is situated under the deck, making it vulnerable to flood damage. The bridge has gotten stuck in the open position several times in recent years, the assessment notes.

The “preferred alternative” is to replace the bridge where it currently stands with a new one — a project that would cost an estimated $78 million to $86 million. Construction would take about three years.

Another option would be rehabilitating the bridge, which would include higher vertical clearances for vehicles and the installation of a new guardrail system and water-resistant equipment, for an estimated $50 million to $55 million.

But a replacement would have additional benefits, according to the environmental assessment, including wider travel lanes, improvements for pedestrians and bicyclists, more space for boats to pass under the bridge and quicker bridge openings. The service life of a rehabilitated bridge would be 25 to 40 years, while a new bridge’s service life would be 75 to 100 years.

Officials dismissed the idea of leaving the existing bridge in place and building a new bridge to the North or South. Such a project would require “substantial property acquisitions,” and the existing bridge would still need repairs, according to the assessment.

The report acknowledges that members of the public have raised concerns about a new or upgraded bridge leading to an uptick in truck traffic through the town but claims that such an increase would be unlikely to happen.

“Since there are no improvements to the surrounding local roadway network beyond the immediate project area, truck drivers are more apt to continue to use I-95 or Route 1 to cross the Saugatuck River,” the report states. “In addition, the Town of Westport can take the additional action of imposing limitations on truck traffic along its local roads.”

public hearing on the draft environmental assessment is set to take place March 19 at Westport Town Hall. DOT is also accepting comments online until April 17.

State Rep. Jonathan Steinberg, D-Westport, said he thinks there is a way for both DOT's and town residents' needs to be met.

“I'm hopeful that the town and DOT can arrive at an understanding that will bring this classic swing bridge up to current safety standards — before we have a problem — while also addressing local traffic concerns, particularly regarding big trucks,” Steinberg said.




February 17, 2026

CT Construction Digest Tuesday February 17, 2026

As Danbury prepares to bond $130M for a cancer center, the company asks for more time to build

Rob Ryser

DANBURY – As the city calls a special meeting on Tuesday about a $130 million bonding package to finance a westside cancer center that has been beset by years of delay, the company is asking Danbury to extend construction approvals which run out this summer.

“The city would not be subject to repayment or liability on the bonds,” Mayor Roberto Alves wrote to the 21-member City Council, which is expected on Tuesday to set a public hearing for Feb. 25 to discuss the bonding. “(O)ur partnership would enable the development and operation of a revolutionary, life-saving cancer treatment center to open in Danbury.”

Alves, who announced in mid-December that the Stage 4 cancer he was diagnosed with before the November election was “virtually gone,” has been one of the strongest supporters of the center, known as Danbury Proton.

The short version behind the delays is that the state’s regulatory process took much longer than expected.

"This development’s start of construction was significantly delayed by the time it took to obtain a certificate of need from the state of Connecticut, which is required to operate this facility,” wrote Meaghan Miles, an attorney representing the cancer center, in a Feb. 9 letter to the city’s Planning Department. “The process took approximately five years, with an application not approved until January 2025.”

As a result, a cancer center that had an estimated cost of $80 million when it received land use approvals from Danbury in 2021 now has a price tag of $115 million.

In response, the city is increasing the amount it will borrow for the nonprofit cancer center from $100 million to $130 million.

The reason: the bond must allow for “flexibility” according to a presentation Danbury Proton representatives made to elected officials and city department heads on Feb 5.

Under the arrangement, the city would use its bonding power to help Danbury Proton get low-cost financing under what is known as a “conduit issuer” agreement.

What the city gets in return in addition to novel cancer therapy is economic benefits such as jobs and visitors who could spend money with local businesses, said Farley Santos, Alves’ economic and community development adviser.

If the City Council approves Danbury Proton’s bonding, how soon could construction begin?

“[Danbury Proton] expects to break ground this spring, with an anticipated 18-month construction period,” Carmody said.

The problem is that the cancer center’s land use approvals expire this summer for a three-acre property at 85 Wooster Heights Road.

The solution is for the city to grant an extension.

“(T)he approval of the site plan is void unless construction is completed within five years, or by July 21, 2026,” Danbury Proton’s lawyer wrote to the Planning Commission. “(T)he commission may grant an extension of not more than five years.”

The Planning Commission could take up the request as soon as its next meeting on Wednesday.


Killingly considers applications for three new massive warehouses

Alison Cross

Killingly — The Planning and Zoning Commission is reviewing two major proposals for distribution centers along the Interstate 395 corridor as residents continue to push back on new developments on undisturbed land.

The separate proposals call for a 1.37 million-square-foot warehouse located between I-395, Westcott Road and Mashentuck Road, as well as a 178,750-square-foot and 297,500-square-foot warehouses at 90 Putnam Pike.

Both projects would be developed in wooded areas that are zoned for commercial uses, and neither applicant has identified the companies that would operate out of the facilities.

At the commission’s next meeting, scheduled for 7 p.m. Tuesday, Planning and Zoning officials will determine whether the town should hire a third-party consultant to review the application for the 1.37-million-square-foot warehouse.

The development, identified as Project Husky, is proposed on a 340-acre stretch of land within the town’s Business Park District where warehousing and distribution centers only require a site plan review for approval. Information about the developer was not immediately available.

According to application materials, the 340-acre development would include a 76-acre conservation easement and 216 acres deeded to the town for preservation of open space. The project, which would sit on a total of 48 acres, would disturb an estimated 22,446 square feet of wetlands, mitigated by 16,921 square feet of wetland restoration.

Town staff have recommended the consulting firm Tighe & Bond to assist the Inland Wetlands and Watercourses Commission and the Planning and Zoning Commission in reviewing Project Husky’s applications, for a fee of up to $85,000.

Public hearing continues on Putnam Pike plan

Tuesday’s meeting is also expected to see a resurgence of opposition to the 90 Putnam Pike development as the public hearing for the controversial proposal by the Cranston, R.I.-based company Killingly 1 LLC continues.

In the agenda for the upcoming meeting, town staff said that the Planning and Zoning Commission cannot rule on the application on Tuesday night, given that the Inland Wetlands and Watercourses Commission is still deciding on the proposal. They advised the Planning and Zoning to resume the public hearing for a third time on March 16.

The proposed 178,750 square-foot and 297,500 square-foot warehouses would be built on 58 acres of land that is zoned general commercial and is bordered by woodlands and residential properties. According to town records, Killingly 1 LLC purchased the property, which overlaps an aquifer protection area, in September for $600,000.

Town Council Chairman Ed Grandelski suggested that the zoning classification limits the Planning and Zoning Commission’s decision-making power.

“For someone saying that this doesn’t belong here, the decisions made to change these zones … were made a long time ago,” Grandelski said at a Town Council meeting on Tuesday. “Now, it’s too late to make a change.”

“If the P&Z regulations allow for the distribution centers, what you can do is read the regulations (and) scrutinize every single word,” Grendelski added. “If there’s a loophole in the specs and you find it, we appreciate that and hopefully our commission members are looking through the same and making the developers do the right thing.”

Since 2021, the town’s zoning regulations have allowed distribution centers within general commercial zones as long as the proposed development meets all conditions required for a special permit.

At Tuesday’s Town Council meeting, residents argued that the proposed project would negatively impact the environment, health, traffic and safety.

“You guys are building this right in my backyard,” Jennifer St. Vincent, who lives next to the proposed construction site, told the Town Council.

A Change.org petition that St. Vincent started last month to oppose the development has received more than 500 signatures. She said that the warehouses would “transform our serene community into an industrial zone.”

“You’ll see the animals passing through (our property) all day, the birds, the deer — it’s amazing. But to ask us to give up our privacy, our safety and our quietness, is ridiculous,” St. Vincent said. “This is going to affect all of us.”


CT lawmakers press for $40 million to give small UConn campus a dorm

Don Stacom 

Frustrated that the University of Connecticut hasn’t made quicker progress to build student housing at the Avery Point campus, nine state legislators are campaigning to get the Bond Commission to come up with $40 million to pay for it.

Lawmakers from southeastern Connecticut have been pressing UConn for more than two years to create dorms or a public-private partnership for apartments at the campus in Groton.

Despite a hiring surge at nearby Electric Boat and the rise of private apartment buildings in New London, the small Avery Point campus still has no student housing — and no assurance that any improvement is on the way.

Sen. Cathy Osten, D-Sprague, said the region is tired of waiting, and she’s concerned that UConn leadership may be looking to phase out Avery Point.

“I’ve been talking about doing more for Avery Point for eight years. I think they’re trying to get rid of it,” she told The Courant on Thursday.

UConn officials have said that coordinating a residential facility at Avery Point is part of the university’s long-term strategic plan. But Osten is skeptical, and results of a highly publicized effort last year to find a developer apparently fell through.

“Everybody talks about housing, but it’s only convenient to put money into housing in certain areas of the state. That’s not fair. It’s taking away a significant part of higher education in eastern Connecticut,” she told Josh Wojcik, Gov. Ned Lamont’s new budget secretary, at a meeting of the Appropriations Committee last week.Today in History: February 17,

Ultimately it will be up to Lamont to decide if that idea goes forward, since he controls the Bond Commission agenda.

The 453 students at Avery Point are all commuters, and its advocates note that the university has spent tens of millions of dollars to add housing at its branches in Waterbury and Stamford as well as the main Storrs campus.

UConn leadership said last year that it was in talks with a potential developer for an Avery Point dorm, but never produced a construction plan, budget or time schedule, and didn’t publicly identify the company. A university spokeswoman this week acknowledged that plan is no longer advancing.

“The university previously sought proposals from the private sector to construct student housing at Avery Point that would be cost-neutral for UConn. No viable proposals that would accomplish this were received,” she said. “As part of its overarching strategic plan, UConn is developing strategic plans for each of the regional campuses. Once final, these plans will be presented to and discussed with UConn’s Board of Trustees.”

The university declined to comment on Osten’s bill.

In September, Osten and other lawmakers from the region told UConn’s board of trustees that Avery Point needs investment in student housing and academic programs. They warned that the school is losing potential students to competing colleges where living arrangements are easier.

So far, talks about a $50 million dormitory have focused on property near the athletic building. The goal would be housing for 250 students with a dining hall as well as health care facilities for students.

It’s important to Groton and surrounding towns, local leaders say.

“Avery Point is the only state school in southeastern Connecticut. We want it to do well,” Groton Mayor Jill Rusk said Thursday. “The campus is very significant and we support housing there. We’d hope it would be on campus.”

As Electric Boat has already begun expanding staff, the tight housing market in her town has grown tougher, Rusk said.

“There’s been a push for student housing for a while. We have very little housing right now, and some residents in the vicinity are struggling because the costs are going up,” she said.

General Dynamics’ Electric Boat operation has projected adding thousands of jobs in Groton as well as Rhode Island, and the campus has specialized programs in marine sciences and maritime studies.

“With the hiring surge at the Groton shipyard speeding up and the historic demand for submarine design, engineering, and construction not letting up in the coming decades, the value of UConn’s Avery Point campus cannot be overstated,” U.S. Rep. Joe Courtney told The Courant on Thursday.

“UConn’s Avery Point campus is uniquely situated to be an academic hub for southeastern Connecticut’s submarine industry,” Courtney said,, calling Defense Department-funded research at UConn’s National Institute for Undersea Vehicle Technology “critical to maintaining U.S. Navy undersea supremacy.”

Until a decade ago, UConn had an additional regional campus in the opposite corner of the state.

Northwestern Connecticut leaders in the ’80s and ’90s fought to save UConn’s Torrington branch, saying it provided invaluable opportunity for students from that region who couldn’t afford or didn’t want to go to Storrs. State leaders at the time wanted to close the campus, but relented.


February 16, 2026

CT Construction Digest Monday February 16, 2026

Coast Guard museum shell to be bundled up starting Monday

John Penney

New London — Heavy-duty canvas sheeting is scheduled to be wrapped around the lower floors of the National Coast Guard Museum on Monday as winter work continues on the $150 million construction project rising from the city's waterfront.

That heat-trapping shroud, slated to remain in place until the spring, will allow crews to begin pouring 6-inch concrete floors on the lower levels of what will eventually become an 89,000-square-foot, six-story museum, project manager John Metcalf said during a recent tour of the site.

“We’ll wrap the three lower floors before installing thousands of linear feet of tubing that will be covered in concrete,” Metcalf said as sheets of melting snow rained down inside the shell of the structure's bare-metal skeleton.

That plastic tubing will serve as a radiant temperature control system for the museum, allowing hot and cold water to alternately heat or cool the floors as needed, said Wes Pulver, president of the National Coast Guard Museum Association, the group overseeing the project.

“That system will allow for a consistent temperature for our documents and artifacts, some which date back to the 1700s,” Pulver said.

Metcalf said a fire-protective coating will be sprayed onto the new concrete.

“The concrete pouring — and its curing — along with the fire-protection are both temperature-sensitive work, so we need to keep those lower spaces warm,” he said.

All tubing, floor and fire-proofing work, including on the upper levels, is expected to be completed by June ahead of installing ducts and adding exterior walls and windows.

Pulver said the museum is still scheduled to be fully built by the end of the fall. At that point, the museum will be turned over to the Coast Guard, which will set a public opening date.

Project Chief Operating Officer Mark Walsh said getting the steel frame into place last year represented one of the more dramatic and visible portions of the project.

“Those beams and girders just flew up beginning in August, but since then, crews have been busy with steel detailing work,” he said.

Museum funding secured, bridge project in limbo

The project is being paid for with a combination of $50 million in direct federal funding and $48 million in private donations. That left a roughly $48 million cost gap that was closed in December after the signing of the 2026 National Defense Authorization Act.

That legislation removed a decades-long legal barrier that prevented the U.S. Coast Guard from helping fund the museum project. Pulver said the Coast Guard has already signed contracts related to the remaining work, though the exact amount of funding it was committing to was not yet finalized.

The museum, on the city’s waterfront behind Union Station, will feature 38,168 square feet of exhibit space divided into three decks and five wings showing off various aspects of the branch’s lifesaving, enforcement and environmental missions.

The glass-encased building will include a rotating gallery, innovation lab and STEM center, as well as an HH-60J Jayhawk helicopter suspended in its atrium. The 295-foot barque Eagle, the Coast Guard Academy’s training ship, will be homeported at City Pier, near the museum.

Local officials are counting on the museum to serve as a major attraction that will draw up to 300,000 visitors annually.

A separate project, the construction of a 600-foot, glass-encased pedestrian bridge linking the museum to the nearby Water Street parking garage, is still in limbo.

The State Bond Commission in 2018 earmarked $19.5 million for construction of the span, with $500,000 in state funds being previously approved for planning and design work.

But the sole bid for the project received in October came in higher than expected, forcing the association and state officials to consider cost-saving and schedule adjustments.

Pulver last week said state officials are still discussing next steps on the bridge project.


Eversource unveils $26.5B capital plan, boosting infrastructure spending

Andrew Larson

Eversource Energy announced a $26.5 billion five-year capital investment plan Thursday, marking a major increase in infrastructure spending as the utility navigates regulatory changes and grid modernization demands across its New England service territory.

The plan for 2026 through 2030 represents a $2.3 billion increase over the company’s previous $24.2 billion forecast, with the additional spending primarily directed toward electric and natural gas distribution infrastructure, according to the company’s fourth-quarter earnings report.

Compared to Eversource’s earlier plan for 2025 through 2029, the new forecast adds $1.5 billion in investment. Both projections exclude any capital spending related to Aquarion Water Co., the utility’s water subsidiary currently subject to regulatory proceedings over a proposed $2.4 billion sale.

Eversource didn’t break down where those investments would be targeted. The Hartford and Boston-based utility operates in Connecticut, Massachusetts and New Hampshire.

Eversource had previously threatened to reduce its capital spending in Connecticut due to the uncertain regulatory environment under former Public Utilities Regulatory Authority Chair Marissa Gillett.

“These investments enable Eversource to continue to provide customers with safe and reliable service, support load growth and clean energy objectives for the Eversource territory,” the company said in its earnings release.

Eversource reported fourth-quarter earnings of $421.3 million, or $1.12 per share, up from $72.5 million, or 20 cents per share in the year-ago period, beating analyst expectations. Revenue for the quarter rose 13.4% to $3.37 billion from $2.97 billion in the year-ago period.

For the full year 2025, Eversource reported earnings of $1.69 billion, or $4.56 per share, compared with $811.7 million, or $2.27 per share, in 2024.

The company set 2026 earnings guidance between $4.80 and $4.95 per share and projected long-term earnings growth of 5% to 7% annually through 2030.

To support its capital plan, the utility expects to raise $800 million to $1.1 billion in equity over the 2026 to 2030 period. The company said the equity raise “is not impacted by the status of the potential sale of Aquarion.”

The increased infrastructure spending comes as Eversource navigates leadership changes at the Public Utilities Regulatory Authority.

Eversource Chairman Joe Nolan said in the earnings release that the company made “significant progress in achieving constructive regulatory outcomes by working collaboratively with our regulators during a time of extensive change at the state and federal levels.”

Eversource serves approximately 4.6 million electric, natural gas and water customers, making it New England’s largest energy delivery system.


CTDOT Route 8 bridge project to begin. It will close a local road to through traffic for 2 months

The state Department of Transportation says it is metallizing bridges in northwest Connecticut.

The upcoming work will include the bridge that carries Route 8 over Hill Street in Torrington, according to the DOT.

The work is scheduled to begin on Friday, February 20 and be completed on Wednesday, April 22, 2026, according to the DOT.

As a result, Hill Street will be closed to through traffic starting February 20 and through Wednesday, April 22, according to the DOT.

All traffic will be detoured to Laurel Hill Road and there will be traffic control signing patterns to guide motorists through the work zone, according to the DOT.

“Motorists should be aware that modifications or extensions to this schedule may become necessary due to weather delays or other unforeseen conditions” and are “advised to maintain a safe speed when driving in this area, according to the DOT.

The agency noted, records show, that the “purpose and need of the project is to protect the steel members and preserve the condition of these bridges, thus extending their useful service lives and keeping them in a state of good repair.”

There also will be “minor utility impacts anticipated, involving temporary lowering and/or burial of communication facilities at a few sites,” according to DOT records about the full project.

A meeting on the project was held in 2024 and, in response to a question, Mike Jacovino, of the engineering firm Close, Jensen and Miller, P.C., said that, because of the age of bridges in the program, the specifications “call for lead testing and there are additional procedures in place for that. The enclosures are required so as to not release anything into the environment. There are also construction and coating inspectors on site that make sure the project is following the book.”

And, in response to a question about steel repairs and bridge safety, Jacovino responded that the “proposed repairs are routine in nature and are being performed in part as a preparation for painting. He ensured the attendees that there were currently no unsafe conditions on these bridges.”

This project included metallizing bridges along the Route 8 corridor between Torrington and Colebrook, and includes Torrington, Winchester and Colebrook, the DOT record shows.

According to the DOT the project was awarded to Allied Painting Inc. for $15.8 million in December 2024.  It is scheduled to be completed Nov. 30, 2027 and is administered by the Bureau of Engineering and Construction, Office of Construction, District 4 in Thomaston.


Central CT town targeted for two major projects. One would add 200+ apartments with amenities.

Don Stacom 

A central Connecticut town faces two significant development initiatives over the next month

In Cromwell, a Middletown excavating company is looking to establish a rock-crushing operation and a New York-based developer is asking to revise the plan for a 267-unit apartment complex on the former Crowne Plaza site.

Gallitto Construction is requesting a permit to allow stone crushing at 150 Sebethe Drive, an industrial property in a relatively remote section of town where it already trucks in large quantities of rock. It would use a 41-foot long mobile crusher along with an excavator.

Residents will get to hear details and then speak about the proposal at a Planning and Zoning Commission hearing Tuesday evening.

The company wants to be allowed to use a commercial crusher to process the rock on site, but says it wouldn’t be done frequently.

“The amount of materials and truck traffic for a daily basis would vary due to the materials availability. My estimation of trucked in materials to make a pile may take up to one to two months for crushing, therefore I am not looking to crush on an everyday basis,” the company said in a Jan. 11 letter to town officials.

“Crushing would vary on the availability of supply and demand,” it said, estimating that crushing could take about a week each time.

The company said it envisions a similar operation to what Newington-based Paramount construction and General Construction run.

Gallitto requested a permit allowing operations Mondays to Saturdays from 7 a.m. to 6 p.m., but town zoning officials are considering tightening that significantly.

“We want to create proposed conditions of approval that protect the neighbors,” said Andrew Armstrong, director of planning and development.

Armstrong has recommended limiting the company to four one-week periods a year for crushing, and requiring it to meet with commissioners after the first year to evaluate any concerns. He also wants Gallitto to provide an annual report listing operating times and the amount of material crushed.

Zoning Enforcement Officer Bruce Driska this week recommended limiting the schedule to weekdays from 8 a.m. to 4 p.m., and requiring Gallitto to notify his office in writing each time it plans to conduct crushing operations.

“The typical concerns from such an operation would be noise, dust and the management of the material piles to prevent migration of sediments,” Town Engineer Jon Harriman wrote last week. “The noise is covered by town ordinance, and the equipment listed appears to include a means of wetting the operation to reduce dust. The commission may wish to explore the material management plan with the applicant.”

In March, commissioners will hear Alpine Residential’s plan for redeveloping the long-abandoned hotel property at 100 Berlin Road.

Once a thriving Crowne Plaza, the hotel was downgraded to a Radisson and then a Red Lion before closing abruptly in early 2020 when the state suspended its tax permit. Lexington Partners bought the site with plans for a large-scale apartment complex, but progress stalled and last fall it agreed to sell the property to Alpine.

Alpine has already gotten a special permit for a 267-unit apartment complex on the property, but it will now go to a March 3 hearing for approval to construct mixed-use housing.

The company wants to build a one-story, 13,000-square-foot retail building and two five-story apartment buildings between 112,000 square feet and 120,000 square feet. The complex would have a pool and 12,000-square-foot courtyard, along with a total of about 4,900 square feet of indoor amenity space.

“This area is lined with an associated 2,200 square-foot stand-alone amenity building that is intended to be the central arrival point for visitors and future residents,” according to its plan.

Town officials have been upbeat about getting the property back into productive use, and are particularly eager to see the vandalized and water-damaged old building demolished. Urban explorers for years have been breaking into the wrecked hotel to take social media videos of the mess.


Snow and cold scrambled CT’s power grid. Here’s how it stayed up

John Moritz and Sasha Allen

As more than a foot of snow fell on parts of Connecticut in the early hours of Jan. 25, a massive shift was taking place within power plants across New England.

Oil-fired “peaker” power plants, left to idle for much of the year, were turned on as the need for power surged and the region’s fleet of gas-fired plants was unable to keep up with demand. At other dual-fuel plants, gas turbines were switched to run off stockpiles of oil, which is dirtier and typically more expensive to burn than gas.

Peak demand hovered around 19,000 megawatts for 10 straight days from late January into February. Matt Kakley, a spokesperson for the regional grid operator ISO New England, said it was the first time in nearly a decade the region saw such a stretch of high wintertime demand.

During that time, the region relied heavily on oil to produce electricity — a phenomenon that is not unusual for the occasional New England cold snap. But data shows that oil reliance lasted far longer than normal.

Frigid temperatures also prevented snow from melting off of solar panels, further scrambling the mix of resources needed to power the grid.

“I think what was kind of atypical is how long it went on,” Kakley said. “That level of long-duration cold snap we probably haven’t seen in New England since 2017-2018. And so what we’ve kind of been saying is that this is the most stressed the system’s been since then, so almost a decade.”

Others said that the sheer scale of the weather system — which at its peak stretched across 2,000 miles — made an impact unprecedented in recent memory. 

“This has been the most logistically strained situation to get the right supplies to power plants that I have seen in my career,” said Dan Dolan, the president of the New England Power Generators Association. Dolan has worked in the industry for two decades. 

Low temperatures pummeled the energy grid — in more ways than one

Throughout most of the year, New England relies heavily on natural gas brought in by pipelines to fuel its power generation. Whenever temperatures drop below freezing, however, the availability of that gas becomes constrained as it is burned in furnaces to keep homes and other buildings warm.

As a result, gas prices increase, making it less economical as a fuel source for power plants. That’s when the demand for oil kicks in.

Dolan said one of the unique challenges from this period of cold is that it affected power plants all along the Eastern Seaboard, not just in New York and New England.

As plants exhausted their supplies of oil to keep up with grid demand, they had to compete against other facilities in states like Maryland and North Carolina for fresh deliveries of oil via barge, trucks and tanker ships, Dolan said. Power plants in Connecticut typically utilize two types of oil: lighter, distillate oil is used by new dual-fuel plants, while older peaker plants tend to rely on heavier, tar-like oil also known as “bunker fuel.”

“It has actually taken an extra level of logistics scheduling, trying to order and set units up to be able to hit multiple facilities at once,” Dolan said.

The spot market price for wholesale electricity in Connecticut skyrocketed multiple times during the winter storm, driven up by high demand and the compilation of constraints facing the grid. For example, on Jan. 24, the marginal price of electricity during one five-minute interval reached a peak of $872 a megawatt hour, more than five-and-a-half times the monthly average of $155. (Supply rates in electric bills are typically established through longer-term contracts for electricity, so customers are insulated from such price spikes).

Data from ISO New England shows that the situation was compounded by the low functionality of solar panels. Extremely low temperatures curbed snow melt and stunted solar energy generation for days following the storm.

Mike Trahan, the executive director of Connecticut Solar & Storage Association, said such situations do pose a challenge for the industry, even though they are rare.

“Snow followed by cold can be problematic, especially for rooftop systems that sit flat on the roof. Those are the last ones to shed snow and reach their full efficiency,” Trahan said. “I think it’s accurate to say that this most recent cold snap was uncommon, and we probably haven’t had this kind of weather, based on what I read, in a decade.”

ISO New England measures the production of larger solar arrays that distribute power directly onto the grid. However, most rooftop solar panels operate behind-the-meter, meaning their output is not recording in generation data. Instead, ISO New England uses its own estimates to determine how much the demand for power off the grid is being replaced by behind-the-meter solar.

“The cold weather will drive natural gas prices high, and so that will make oil more economical. At the same time, demand on the system is higher because we’re not seeing as much as we did a week before from solar panels, because they’re covered in snow,” Kakley said. “We can see very cold weather without any snow, and that’s not going to impact the solar panels very much. But this was kind of a two-fer, so to speak.”

Not all renewable and clean-energy sources suffered as much as solar during the storm and subsequent cold weather. Nuclear performed at a near-constant output, meeting about one-quarter of the region’s demand.

Wind power also helped to pick up some of the slack from slumping solar production, reaching a peak of 29,854 megawatt hours of electricity on Jan. 30 — nearly nine times the amount produced by grid-scale solar. While ISO New England does not distinguish between offshore and onshore turbines in its wind data, Dolan said that Vineyard Wind — the partially-completed wind farm off the coast of Martha’s Vineyard — performed well during and after the storm.

“The anecdotal [evidence] is that it did, across the three weeks, produce a lot of energy,” Dolan said.

The amount of wind power could have been even greater if a second project, Revolution Wind, had come partially online before the storm. That project is expected to begin producing power in the next several weeks, according to developer Ørsted, after facing several delays due to stop-work orders from the Trump administration.

Planning ahead

The complications paired with the storm bring up multiple questions, as well possible solutions for dealing with similar winter weather events in the future.

For solar, Trahan said the impact from snow usually dissipates once it melts in a few days. Building more battery facilities to store that power for times of need would help the grid withstand temporary losses in solar production. He also said that would help to eliminate the need to burn oil during the coldest days of the year.

“The use of those peakers is concerning for those people who live around or live downwind of peakers, myself included, and that’s certainly that’s a health concern,” Trahan said. “If we’re looking for ways to avoid the use of those peakers … one of the ways to do that is to increase the use and the deployment of storage.”

Kakley said that ISO New England conducts rolling 21-day-ahead forecasts of weather and fuel supplies to ensure that generators have the resources necessary to keep their plants running.

“When you see this period of cold weather, if you get adequate replenishment of oil, you can kind of keep running the system that way for a long time,” Kakley said. “But where is that going to go? Are you going to use the oil faster than it can be replaced?

Dolan said there is “no silver bullet.” He said every little bit of extra energy generation helps, including renewables and new imports of hydroelectricity from Canada.

While he pointed out the problems that came with the extreme weather, Dolan also mentioned the resilience of the system through the high-demand days.

“Yes, there are tremendous emissions consequences. Certainly, prices have been way more volatile than is normal, but we have not seen a single major reliability issue on the system in some of the most severe weather that we’ve had in about a decade,” Dolan said. “I think that’s a testament to the extraordinary work and coordination occurring.”


February 13, 2026

CT Construction Digest Friday February 13, 2026

Here are the most expensive projects coming up for Connecticut's roads and railways

Brianna Gurciullo

From a $50,000 project to install electric vehicle charging stations at town facilities in Canton to a more than $3 billion effort to replace a railroad bridge between Stratford and Milford, a five-year capital plan released this month by the Connecticut Department of Transportation assigns $15.7 billion in funding to hundreds of projects across the state.

Some projects, such as the EV charging stations in Canton, are funded by a mix of federal and local dollars. But most involve state funding, often in combination with federal money. 

Here are some of the most expensive projects in the DOT’s plan.

Devon rail bridge

A project to replace this 120-year-old bridge, which brings Metro-North’s New Haven Line and Amtrak’s Northeast Corridor over the Housatonic River, is expected to cost more than $3 billion, with 80% funded by the federal government.

“The movable portion of the bridge has experienced operational issues in the recent past, including a significant incident in the summer of 2015, which closed one of the lift spans for several days and severely impacted service for both Metro-North and Amtrak,” DOT’s capital plan says. “Even with recent rehabilitations, the mechanical and electrical systems are antiquated.”

DOT said in a recent news release the project is in the planning stages. The current schedule calls for a design to be finished in late 2029 and construction to begin in the spring of 2030.

Walk Bridge

On the same rail lines but farther south is the Norwalk River railroad bridge, or the Walk Bridge, which is on track for replacement as part of a nearly $1.7 billion project that is also 80% federally funded under DOT’s plan.

The movable bridge, built in the 1890s, failed a dozen times in 2011, 16 times in 2013 and twice within two weeks in 2014, according to DOT’s website for the project.

Construction began in 2023 and the project is expected to be done by 2030.

Northbound Gold Star Memorial Bridge

This decades-old span carries Interstate 95 northbound traffic over the Thames River between New London and Groton. A project to strengthen and replace parts of the bridge appears in DOT’s capital plan with a more than $900 million cost.

Josh Morgan, DOT’s director of communications, said cost estimates for the project have changed as design work has progressed. At a 2024 public information meeting, officials presented a total estimated construction cost of $592 million.

But Morgan said that estimate reflected a design that was only 30% completed.

“Following that public meeting, and as the remaining 70% of design was completed, additional items (were) added to the project, which increased the overall cost,” he said. “The $906 million in the recently released capital plan reflects the current total cost, reflecting the low bid received by the contractor in July 2025, as well as engineering support and construction inspection, which are part of every project and particularly important on this complex project.”

The plan indicates 90% of the project will be federally funded.

New Haven Union Station

There are few details about this project in the capital plan, which notes it “is currently in the study phase of design, where the scope is being further defined.” But it could include replacing all of the train platforms and canopies at Union Station in New Haven.

At this time, the plan puts the total cost of the project at $420 million, with the federal government funding 80% of the work.  

Interstate 91/Interstate 691/Route 15

Drivers who have traveled through the middle of the state in recent years are familiar with this three-phase project involving three highways.

Phase 2, which is under construction, will include a number of ramp changes and cost about $250 million, according to the capital plan. The still-under-design Phase 3 is estimated to cost nearly $290 million. 

DOT factored about $200 million in federal funding into its planning for the second phase and about $150 million for the third. 


Forum on Tweed New Haven Regional Airport expansion rescheduled for Feb. 25

Mark Zaretsky

NEW HAVEN — A public information forum on Tweed New Haven Regional Airport's proposed expansionpostponed by bad weather in January, will take place Feb. 25 at East Haven High School, airport officials said this week.

The meeting, scheduled to take place at 6 p.m. Wednesday, Feb. 25, will focus on the environmental aspects of Tweed's proposed new terminal, parking, entrance and runway extension on the East Haven side of the airport.

It will provide an overview of the airport's proposed expansion project and the environmental review process administered by the state Department of Energy and Environmental Protection. or DEEP.

East Haven High is located at  35 Wheelbarrow Lane, off Foxon Road.

The forum is intended to help members of the community understand what to expect during the application process and how the public can take part as it moves forward, officials said in a written release. Representatives of DEEP will attend  along with officials from Tweed and its development team.

“Our responsibility is to provide accurate, straightforward information about how the environmental review works and what role the public plays,” said Michael Jones, CEO of The New HVN. The New HVN is a subsidiary of airport operator Avports LLC that runs the airport for the Tweed New Haven Airport Authority.

“This session is an important first step in that process and part of our broader commitment to ongoing dialogue with the community,” Jones said.

The meeting will center on what to expect from the DEEP application process, including the opportunities for public participation, officials said.

It will not address the merits of the application or specific concerns related to the project. Those topics will be covered in future public meetings, they said.

“This community informational session is about making sure our neighbors clearly understand the process that governs this project and how important their attendance and participation are,” said Tweed New Haven Airport Authority Chairman Robert Reed.

“We believe transparency and accessibility are essential, particularly during formal environmental review, and this session is designed to explain what that process looks like and what comes next,” Reed said.

The public information session is not a required part of the DEEP permitting process, airport officials said. It will include a question-and-answer session to give community members the opportunity to ask questions and receive information, the release stated.

It is not a formal public hearing, however, and comments for or against the project will not be entered into the official record, the release said.

Tweed Director of Community Engagement Tom Cavaliere Jr. said that nothing much about the forum has changed since it initially was scheduled, other than the fact that it now has been rescheduled for a new date.

"It's the same format, same agenda, just now on Feb. 25," Cavaliere said.


New Haven startup raises $6M for AI-driven construction planning

Harriet Jones

Planning a building — projecting timelines, manpower needs and costs — is among the most complex and uncertain tasks in the construction industry.

A major development such as a skyscraper can take months to estimate and cost millions of dollars to design and engineer. Even at the bidding stage, engineering firms invest significant time and money, knowing they’re likely to win the work less than 10% of the time.

A New Haven technology startup says it can shrink that painstaking process from months to about seven minutes using artificial intelligence.

“LeanCon is building the first pre-construction engineering team created by artificial intelligence,” is the way that co-founder Ziv Levi pitches his product.

Investors have taken interest. The company recently announced a $6 million seed funding round, double its initial target.

Levi and his co-founder Sapir Tubul are both construction engineers by trade. They grew up in Israel and began working on construction sites with their engineer fathers. They later met as civil engineering undergraduates at Technion, the Israeli Institute of Technology.

After graduation, the two took different paths. Levi earned a master’s degree in civil engineering and later completed an MBA at Yale. Tubul earned a master’s degree in computer science, specializing in machine learning and artificial intelligence.

Levi said the idea for LeanCon grew out of his experience working as a construction engineer, where he dealt firsthand with the complexities of planning large projects.

“I had to make hundreds of complex decisions, crucial decisions for the project. The complexity in this process is to understand how everything would fit together,” he said.

That complexity also often results in estimates that are far off from reality — with most construction projects going over budget, falling behind schedule or both — and Levi said that’s not surprising.

“There is not actually a clear method for how to plan projects. As a construction professional, we rely mostly on our personal intuition and experience,” he said.

Size of the prize

LeanCon aims to move the process from intuition to data, and it’s developing software that uses AI to generate detailed projections on costs, schedules, logistics and construction methods.

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Within the last 18 months, the company has been working with one of the country’s largest privately held construction and real estate development firms to continue refining its models in real-world situations.

The surprising thing, says one of their investors, is that it works at all.

“Artificial intelligence models in their current incarnation are really lousy at doing several things: spatial reasoning, logic and the complex interaction of those two things,” said Phil Bernstein, professor at the Yale School of Architecture and a former vice president at Autodesk, which makes 3D design and engineering software.

It’s not for lack of effort in the industry though. There are currently hundreds of companies attempting to implement AI in different aspects of construction engineering. One database lists more than 1,700 AI apps for the architecture, engineering and construction industry.

The reason so many are willing to try is the size of the prize. Construction is a massive global industry — often estimated at about $11 trillion annually — and it’s ripe for a data-based approach.

“Somewhere between 30% and 40% of all the money on construction is wasted because construction is very inefficient,” Bernstein said.

Yale skeptic becomes a backer

Bernstein first met Levi when he was an MBA student at Yale. Levi sought the professor’s opinion on his big idea.

“I told him I thought it was not going to work,” Bernstein said. “I told him I thought he was barking up the wrong tree.”

Levi was not put off though. He kept refining the idea and coming back for more feedback, until Bernstein finally had to admit he might have something. Bernstein contributed angel funding in LeanCon’s recent seed round.

Bernstein said he has been most impressed by Levi and Tubul’s focus and energy in tackling the problem, as well as their ability to bring in real engineering projects to test the software.

“The construction industry suffers from very poorly organized information that we don’t like to share with one another, and those are not good characteristics for training AIs,” Bernstein said. “So, you have to pick a limited problem, you have to understand what the logic is and you have to be able to train, train, train.”

“We’re collecting data all the time,” said Tubul, LeanCon’s co-founder who previously worked as a data scientist at Intel and a software engineer at an Israeli defense contractor.

In addition to the founders, the company now has eight employees. With the seed funding, the company aims to grow to 12 to 14 employees. But hiring is not straightforward.

Most current employees are software engineers with backgrounds in AI and data science. But they also need a strong understanding of the construction industry. Tubul said he recently interviewed about 100 candidates to fill two positions.

As they advance their product and become better known in the industry, Levi says the challenge is to stay focused. Their model is based on vertical construction of high-rise buildings. They were recently approached by a U.S. company building a resort in Mexico based on a series of small villas — but they had to turn the offer down.

“We need to prove that the business aspect of the company is there, it’s sustainable,” Levi said. “We are on the chase of product-market fit, creating technology that our clients really like. They will not remember the way of doing this process without LeanCon — that is the target.”

Levi says the company’s New Haven base has proven useful — not only with the support that Yale has been able to provide, but also for other connections. New Haven-based Newman Architects is now an investor, as is Connecticut Innovations, the state’s quasi-public venture fund.

Both joined the seed round, which was led by Denver-based Ibex Investors.

“We definitely owe a lot to this place,” Levi said.


Pending highway bill ‘significantly higher’ than IIJA: Granite CEO

Joe Bousquin

Granite Construction President and CEO Kyle Larkin said surface transportation reauthorization amounts being discussed in Congress are “significantly higher” than those in the $1.2 trillion Infrastructure Investment and Jobs Act of 2021. 

Larkin made his comments Thursday on Granite’s fourth-quarter and full-year 2025 earnings call, where the company reported higher revenue and profits for the quarter and year. The firm also notched a record backlog of $6.97 billion, up 32% from a year ago. 

With the IIJA expiring in September, Larkin said securing more public funding for infrastructure was a priority for lawmakers. “What we hear really from industry today is that there’s still bipartisan support,” Larkin said on the call. “There’s still a huge focus on coming up with another investment mechanism and I think the really good news is the investment amount is significantly higher.”

Larkin’s comments echoed those from other public construction companies, including Dallas-based AECOM, which said an expansion of highway funding would further extend the current transportation construction cycle. Larkin said he expects draft legislation to be available in March or April. 

But even before Congress approves any new dollars, Larkin said just half of the original IIJA money had actually been spent through November. The rest should provide stability in the infrastructure market for some time. “There’s still a really nice runway of spending to go, so that’ll last, luckily, for a few more years,” Larkin said. 

Beyond money for highways, Larkin said Watsonville, California-based Granite is also among 11 firms competing for around $40 billion in border infrastructure work on the southern border. In March, Granite won the first border wall contract of President Donald Trump’s second term for a $70 million job to build 7 miles of barrier in Hidalgo County, Texas. 

The Trump administration has accelerated the awards timeline for new border work, Larkin said, and he expects new contracts to be announced in June or July. But that compressed schedule means previously smaller segments of work have been bundled into bigger overall jobs. 

Since Granite has focused in recent years on taking on smaller work packages, which offer more near-term visibility into schedule and cost, Larkin said the firm would be choosy with any additional work in that area. 

“These contracts are getting larger than what we originally contemplated, so the risk profile is changing a little bit on those to one that’s just giving us reason to be more disciplined in our pursuits and ensuring that we can not only just win the work but be successful in delivering it for ourselves and for our clients,” Larkin said. “So we’ll see.”

Granite reported $1.17 billion in revenue and net income of $52.03 million for the fourth quarter, a rise of 19% and 25% from a year ago. For the year, revenue reached $4.42 billion, a 10% gain from 2024. Profits of $193 million for the year were 53% higher than what the company reported in 2024.

Looking ahead, Granite said it would continue to be on the hunt for more acquisitions 2026, particularly on the materials side of its business. On its second quarter 2025 conference call, Granite announced it had purchased Hattiesburg, Mississippi-based Warren Paving and Arroyo Grande, California-headquartered Papich Construction for a combined price of $710 million. That was followed in October by a deal to buy Carson City, Nevada-based Cinderlite Trucking. 

Executives said to expect more of the same this year, as Granite continues to build out its “home-market” strategy where it supplies materials from its owned aggregate plants for infrastructure projects in the areas surrounding those facilities. 

“While we are selective in our pursuits, we expect to achieve our goal of completing several strategic acquisitions in 2026,” said Staci Woolsey, Granite’s chief financial officer, on the call.