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OCTOBER CONSTRUCTION NEWSLETTER
10/7/2024 Secord and Smallwood crews are demobilizing as they prepare for the shutdown. Sanford is pouring concrete and continuing work until January. Read more about the construction updates in our latest newsletter. READ MORE |
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U.S. ARMY CORPS DENIES FLTF RESTORATION PROJECT LOW-INTEREST LOAN REQUEST 9/25/2024 FLTF received a notification that it DID NOT qualify for the loan under the current rules of the program. To be eligible for the Corps Water Infrastructure Financing Program (CWIFP), the project must check off a variety of qualifications, including the project must be for flood or storm damage reduction, aquatic environmental restoration, coastal or inland harbor improvement, or navigational improvement. While Sanford and Edenville qualify, the loans cannot be used for dam repair, only dam removal. This does not change the current Four Lakes special assessment estimates. READ MORE |
FLTF FACES CHALLENGES IN COMPETING FOR FEDERAL FUNDS 9/25/24 After receiving the denial notification from U.S. Army Corps,, Bridge reported that $770M in federal funding under USACE CWIFP could be directed to hydropower dams in Michigan owned by Consumers Energy. The speculation is that Consumers Energy will keep the dams intact which the question, "Why do non-federal dams, like Consumers, qualify for this loan, but FLTF does not?" READ MORE |
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OCTOBER CONSTRUCTION NEWS 10/7/2024 |
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