| Ray Bell Construction receives
largest contract in Tennessee history
Ray Bell Construction Company
Inc. announced recently the award of a $151 million correctional facility in East
Tennessee. RBCC crews recently began construction on the 1,430-bed Morgan
County Correctional Complex in Wartburg, Tenn. The project consists of 20 new
buildings which total more than 500,000 sq. ft., along with the renovation of
two existing buildings. The 20 buildings will be used for a multitude of
services. Buildings will include warehouse and community facilities, visitation,
medical and academic/vocational facilities, food service, laundry and recreational
amenities, along with nearly 900 minimum and medium security housing units. The
new construction will also include an administration building. "We
are excited to be a part of this project and feel that with the teams that we
have on board, along with our expertise in the correctional arena, the Morgan
County Correctional Complex will be a project that other states and agencies look
to as a model," said Keith Pyle, president, Ray Bell Construction Company. Construction
is scheduled to conclude in the winter of 2008. Wartburg, Tenn., is located just
outside of Knoxville. LFWK to begin renovation
projects in Nashville area LoftWerks Inc. recently announced its
plans to begin two additional urban renovation projects in Nashville. The projects
are a refurbishment of a single large office building into approximately 50 condo
units and the renovation of several adjoining buildings into residential units.
Both of the projects will include retail and commercial space on the ground
floors. The combined value of the two projects is estimated at $50 million. The
projects follow the Ambrose Building renovation in Nashville, which is nearing
completion. "The impact of these three projects truly puts us in the
forefront of the effort that is right now transforming downtown Nashville,"
said LoftWerks CEO Dennis Ammerman. "Our original idea is working as ever,
and is creating a magnet for bringing life to the downtown area. We're creating
a community where people truly desire to live, because of the lifestyle it offers." This
announcement comes on the heels of LoftWerks' procurement of a $20 million dollar,
third-party funding arrangement for use in project development. This loan, obtained
through the efforts of Consultech Construction and its Director-General Petar
Vucicevich, will be used to implement various aspects of LoftWerks' overall concept
of advancing the revitalized urban lifestyle. "These three projects,
and the use of private, third-party funding, are indicative of the approach we've
foreseen for years. It is crucial to our task of increasing shareholder value,"
said Ammerman. "Despite recent market conditions, we are confidant that our
approach to third-party financing will instill shareholder viability in the long
run, and will allow us bring all of the segments of our overall urban lifestyle
vision to the public." Earth Tech selected
to design biosolids facility in Tennessee Earth Tech has been selected
to design a new biosolids facility in Nashville, Tenn., for the Dept. of Water
and Sewage Services of the Metropolitan Nashville and Davidson County. Earth
Tech, a business unit of Tyco International Ltd. and a global provider of consulting,
engineering and construction services, will serve as a subcontractor to Archer-Western
Contractors Ltd., a division of the Walsh Group, on the $117 million project.
Earth Tech will provide engineering services during construction, prepare
operations and maintenance manuals, and provide staff training, start up and commissioning
services. The scope of the project includes the design, construction, start
up and commissioning of the new solids handling facility. A major part of the
project is to design and build the sludge thickening, digestion, dewatering and
heat drying facilities that will convert sewage sludge into biosolids for reuse
as fertilizer. "Communities like the Nashville metropolitan area face
simultaneous challenges: how to efficiently dispose of sanitary system byproducts
while meeting changing federal regulations," said Alan Krusi, Earth Tech
president. "We are designing a technically advanced solution that addresses
these issues and closes the environmental loop by producing a useful non-toxic
byproduct." The new facility, which will have a maximum capacity of
137 dry tons of sewage solids per day, will reduce odors emanated by the Central
Wastewater Treatment Plant by replacing the current practice of land filling raw
sludge with the new biosolids drying process. |