All articles tagged with #renovations
President Trump is scheduled to visit the Federal Reserve headquarters amid scrutiny over a $2.5 billion renovation project, which has become a point of criticism against Fed Chair Jerome Powell, especially regarding cost overruns and interest rate policies.
The Federal Reserve defends its headquarters renovations amid accusations from President Trump and allies, who criticize the project’s cost and features, raising concerns about White House efforts to discredit or potentially remove Fed Chair Jerome Powell before his term ends, amidst broader political tensions and legal limits on presidential removal powers.
A top official from the Federal Housing Finance Agency has called on Congress to investigate and potentially remove Fed Chair Jerome Powell over his testimony regarding renovations to the Fed's headquarters, amid increased pressure from the Trump administration to lower interest rates and replace Powell. The administration's efforts include public campaigns and a letter from President Trump urging rate cuts, reflecting a broader push to influence Fed policy.
Federal Reserve Chair Jerome Powell defended the nearly $2.4 billion renovations of the Fed's historic headquarters, stating they were necessary for safety and modernization, despite criticism over cost overruns and luxury upgrades, with some lawmakers comparing the spending to palace-like extravagance.
Prince Andrew has conceded to King Charles' decision to leave the Royal Lodge and has begun renovations on the property to avoid eviction. Despite having no formal income, Andrew is determined to maintain the 30-room mansion at Windsor, adhering to his lease agreement that requires him to cover all expenses. The Duke, who stepped back from royal duties after the Jeffrey Epstein scandal, currently resides there with his ex-wife Sarah Ferguson.
The Panthers and the city of Charlotte have proposed a renovation plan for Bank of America Stadium, with the city contributing $650 million from hospitality and tourism taxes and Panthers ownership investing at least $688 million. The plan aims to enhance the stadium's facilities and economic impact, with discussions set to continue in the coming weeks.
Charlotte City Council is considering a $650 million investment to renovate Bank of America Stadium, ensuring the Carolina Panthers and Charlotte FC remain in the city for another 20 years. The project aims to modernize the stadium with new concourses, seating, and community spaces, funded by a tax on hotel rooms and prepared food and beverages. Renovations are planned from 2025 to 2029, with Tepper Sports & Entertainment contributing $150 million and covering maintenance costs.
M&T Bank Stadium, home of the Baltimore Ravens, is undergoing over $400 million in state-funded renovations to enhance its viability for special events like concerts and international soccer matches. The upgrades, which include new suites, a beer hall, and an upgraded club level, aim to extend the stadium's useful life by decades. Ravens president Sashi Brown emphasized the team's commitment to attracting more events, although the construction will limit the hosting schedule for the next couple of years. The first event showcasing some of the new renovations will be a soccer match between AC Milan and FC Barcelona on August 6.
The New Orleans Saints have paid $11.4 million for their share of Superdome renovations after a public dispute, which was resolved following a call from Louisiana governor Jeff Landry to team owner Gayle Benson. The issue arose during lease extension negotiations, with the state emphasizing that renovation payments are separate from lease talks. This comes as New Orleans prepares to host the Super Bowl for the first time in 12 years.
The University of Missouri has approved a $250 million renovation project for Memorial Stadium's north concourse, set to be completed by the 2026 season. The renovations will include multiple levels of premium seating, upgrades to stadium Wi-Fi, concessions, and restrooms, as well as an increase in capacity to approximately 65,000. Half of the funding will come from donations, with the remainder from internal sources and future revenue. The project aims to maintain competitiveness in the Southeastern Conference and honor the school's traditions while enhancing the fan experience.
The University of Missouri's Board of Curators is set to vote on the $250 million north concourse renovations for Memorial Stadium, with half of the funding expected to come from fundraising and $75 million from debt. The project includes premium seating, concessions, retail space, and is expected to be completed ahead of the 2026 football season. Renderings of the renovations will be unveiled at a press conference following the meeting, and the meeting will also address the ongoing athletics director search and potential contract matters.
A video by Dezeen showcases the progress of Notre-Dame cathedral's restoration in Paris, featuring the reconstructed spire adorned with a golden rooster designed by architect Philippe Villeneuve. While the spire marks a significant milestone, much of the cathedral remains under scaffolding, with completion now expected by December 2024. President Macron has pledged to rebuild the cathedral "identically" to its pre-fire state, and the restoration project also includes revamping the cathedral's surroundings and creating a visitor center beneath the forecourt.
Kanye West's gutted Malibu mansion, initially listed for $53 million in January, has seen its price drop to $39 million this week, marking a $14 million reduction. The property, which lacks walls and requires significant renovations, has been on the market since December. Despite its potential, the house has yet to attract buyers, even with the assistance of "Selling Sunset" star Jason Oppenheim.
Several cities, including Cleveland, Milwaukee, Seattle, Pittsburgh, and Minnesota, have rejected ballot measures for funding new baseball stadiums in the past. Despite initial rejections, some cities eventually approved funding for new stadiums, while others faced the possibility of their teams relocating. In Kansas City, a recent ballot measure for stadium renovations was rejected, raising concerns about the future of the Royals, but a subsequent slimmed-down proposal was approved, securing renovations for the Truman Sports Complex and keeping the teams in the city through 2030.
Voters in Jackson County rejected a sales tax measure that would have funded major renovations to Arrowhead Stadium and a new ballpark for the Kansas City Royals, throwing the futures of both teams in Kansas City into uncertainty. The Royals sought to use their share of the tax revenue to fund a $2 billion-plus ballpark district, while the Chiefs aimed to use their portion for $800 million in renovations to Arrowhead Stadium. Both teams expressed disappointment with the outcome and hinted at exploring other options for their future in the city.