Thursday, December 18, 2008

Stimulus Boom Towns-$850 billion, Where Is it Going?

The Obama Administration is looking at an $850 billion stimulus package. This money is to be spent over two years. That is a lot of steel and concrete! We will see if he can line up the votes to get it through Congress, but I would bet a dollar to doughnuts that it passes.

So Yahoo! posted the five cities that are asking for some nice slices out of the stimulus package.

Top 5 Biggest Stimulus Requests

1. Miami, Fla.
Projects: $3.4 billion
Jobs estimate: 55,355

2. Sacramento, Calif.
Projects: $2.8 billion
Jobs estimate: 8,895

3. Philadelphia, Pa.
Projects: $2.6 billion
Jobs estimate: 24,527

4. Los Angeles, Calif.
Projects: $2.4 billion
Jobs estimate: 4,936

5. Albuquerque, N.M.
Projects: $2.3 billion
Jobs estimate: 5,181


One key thing to watch is if Obama waives the Bush administrations ban on federal funding for project labor agreements. If so there will be lot of work in Los Angeles that is covered by thier PLA.

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