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Tutor Perini to be Awarded $1.871 Billion Staging and Storage Facility and Ramp Structure for the Midtown Bus Terminal Redevelopment

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Tutor Perini to be Awarded $1.871 Billion Staging and Storage Facility and Ramp Structure for the Midtown Bus Terminal Redevelopment
News

News

Tutor Perini to be Awarded $1.871 Billion Staging and Storage Facility and Ramp Structure for the Midtown Bus Terminal Redevelopment

2025-07-01 05:35 Last Updated At:05:51

NEW YORK--(BUSINESS WIRE)--Jun 30, 2025--

Tutor Perini Corporation (NYSE: TPC) (the “Company”), a leading civil, building and specialty construction company, announced today that the Port Authority of New York and New Jersey’s Board of Commissioners has voted to authorize the award of a $1.871 billion contract to Tutor Perini Corporation to construct the Staging and Storage Facility and Ramp Structure components of the Midtown Bus Terminal Redevelopment Program in New York City. The scope of work includes construction of a new modern seven-floor steel-clad storage and staging facility located between 9th and 10th Avenues and between West 39th and West 40th Streets, which will accommodate indoor storage for up to 350 buses and will serve as a temporary bus terminal during future construction of a new main bus terminal. The project scope also includes construction of an innovative ramp structure encompassing the block bounded by 10th and 11th Avenues and 39th and 40th Streets, which will allow buses to move into and out of the above-grade bus levels of the replacement facility to and from the Lincoln Tunnel.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250630734464/en/

“We are excited to be a part of this transformational project, which will significantly improve the quality of life and regional transportation for commuters throughout the New York City metropolitan region,” said Gary Smalley, Chief Executive Officer and President of Tutor Perini. “Tutor Perini has a long and successful track record of partnering with the Port Authority to deliver large, complex transportation infrastructure projects, including most recently Newark Liberty International Airport’s Terminal A. We look forward to continuing to partner with this important customer to successfully deliver this latest project.”

Work is expected to begin in the fall of 2025 with completion of the currently scheduled and funded work anticipated in the fall of 2028. The contract value will be added to the Company’s backlog in the second quarter of 2025.

For further information regarding the Midtown Bus Terminal Redevelopment Program, please click here.

About Tutor Perini Corporation

Tutor Perini Corporation is a leading civil, building and specialty construction company offering diversified general contracting and design-build services to private customers and public agencies throughout the world. We have provided construction services since 1894 and have established a strong reputation within our markets by executing large, complex projects on time and within budget while adhering to strict safety and quality control measures. We offer general contracting, pre-construction planning and comprehensive project management services, and have strong expertise in delivering design-bid-build, design-build, construction management, and public-private partnership (P3) projects. We often self-perform multiple project components, including earthwork, excavation, concrete forming and placement, steel erection, electrical, mechanical, plumbing, heating, ventilation and air conditioning (HVAC), and fire protection.

Rendering of the Ramp Structure and Staging and Storage Facility (Source: Port Authority of New York and New Jersey)

Rendering of the Ramp Structure and Staging and Storage Facility (Source: Port Authority of New York and New Jersey)

ST. MORITZ, Switzerland (AP) — Lindsey Vonn nearly did it again.

The 41-year-old American finished second in a World Cup downhill on Saturday, a day after becoming the oldest winner in the circuit’s history.

After winning the season’s opening downhill by nearly a full second on Friday, Vonn was beaten by only one racer this time: Emma Aicher of Germany was 0.24 seconds faster.

Vonn attributed a mistake landing a jump midway down her run for the gap, when she nearly lost her balance for an instant and leaned heavily on her left leg to raise herself back up.

“I’m a little bit tired from yesterday, there was a lot of emotion," Vonn told Swiss broadcaster RTS. "I thought I skied pretty well on top then I was just out of balance, I fell on my hip. Yeah, didn’t ski the bottom the way I wanted to.”

Sofia Goggia, the 2018 Olympic champion from Italy, finished third, 0.29 behind, and Breezy Johnson, the American world champion, was fourth, 0.40 back.

Vonn, who is preparing for the Milan Cortina Olympics, went into first position with her run down the sun-drenched Corviglia course. But the 22-year-old Aicher came down next and quickly pushed Vonn out of the leader’s seat.

Vonn returned to skiing last season after nearly six years of retirement — following a partial replacement surgery on her right knee, which included inserting two pieces of titanium.

Vonn’s results are shaping up to make her a top medal contender at the Olympics — and able to compete with skiers half her age. Women’s Alpine skiing at the Feb. 6-22 Winter Games will be contested at Cortina d’Ampezzo, where Vonn holds the record of 12 World Cup wins.

Vonn registered the top speed of 102.45 kph (64 mph) on the top section; increased her speed to 110.02 kph (68 mph) on the bottom and flew a massive 41 meters (yards) off a jump toward the end of her run

Vonn also clocked the fastest time in the final sector — a sign of her increased fitness this season. She said earlier this week that she added 12 pounds (5.5 kilograms) of muscle during dry-land training over the summer and followed a rigid diet.

When Vonn crossed the finish line and saw that she was ahead of Goggia, Vonn celebrated thinking that she had won. She let out a scream, punched the air with one of her poles and then raised her arms over her head, shaking her head in apparent disbelief.

It was Vonn’s 140th podium result and it came in a record-breaking 410th World Cup race. Former Austrian skier Renate Götschl held the previous record with 409 races.

It was Aicher’s third World Cup victory and second in downhill. She’s a rare all-around skier capable of being competitive in all four disciplines — like Vonn at the height of her career.

Aicher also finished on the podium in a slalom this season, placing third in Levi, Finland.

“I’m a little bit surprised, because I haven’t skied speed in a while,” Aicher said. “I’m really happy with how I could keep the skiing from the end of last year, and just managed to build on that.”

Vonn could aim for another victory in a super-G in St. Moritz on Sunday — in a race that fellow American standout Mikaela Shiffrin is also expected to compete in.

Shiffrin has not been racing downhill.

AP Olympics: https://apnews.com/hub/milan-cortina-2026-winter-olympics

United States' Lindsey Vonn sprays sparkling wine as she celebrates after finishing second in a alpine ski, women's World Cup downhill, in St. Moritz, Switzerland, Saturday Dec. 13, 2025. (AP Photo/Luciano Bisi)

United States' Lindsey Vonn sprays sparkling wine as she celebrates after finishing second in a alpine ski, women's World Cup downhill, in St. Moritz, Switzerland, Saturday Dec. 13, 2025. (AP Photo/Luciano Bisi)

United States' Lindsey Vonn, right, talks to Aksel Lund Svindal as she inspects the course ahead of an alpine ski, women's World Cup downhill, in St. Moritz, Switzerland, Saturday Dec. 13, 2025. (AP Photo/Gabriele Facciotti)

United States' Lindsey Vonn, right, talks to Aksel Lund Svindal as she inspects the course ahead of an alpine ski, women's World Cup downhill, in St. Moritz, Switzerland, Saturday Dec. 13, 2025. (AP Photo/Gabriele Facciotti)

Germany's Emma Aicher reacts in the finish area after completing an alpine ski, women's World Cup downhill, in St. Moritz, Switzerland, Saturday Dec. 13, 2025. (AP Photo/Luciano Bisi)

Germany's Emma Aicher reacts in the finish area after completing an alpine ski, women's World Cup downhill, in St. Moritz, Switzerland, Saturday Dec. 13, 2025. (AP Photo/Luciano Bisi)

United States' Lindsey Vonn gets to the finish area after completing an alpine ski, women's World Cup downhill, in St. Moritz, Switzerland, Saturday Dec. 13, 2025. (AP Photo/Luciano Bisi)

United States' Lindsey Vonn gets to the finish area after completing an alpine ski, women's World Cup downhill, in St. Moritz, Switzerland, Saturday Dec. 13, 2025. (AP Photo/Luciano Bisi)

United States' Lindsey Vonn reacts in the finish area after completing an alpine ski, women's World Cup downhill, in St. Moritz, Switzerland, Saturday Dec. 13, 2025. (AP Photo/Luciano Bisi)

United States' Lindsey Vonn reacts in the finish area after completing an alpine ski, women's World Cup downhill, in St. Moritz, Switzerland, Saturday Dec. 13, 2025. (AP Photo/Luciano Bisi)

United States' Lindsey Vonn speeds down the course during an alpine ski, women's World Cup downhill, in St. Moritz, Switzerland, Saturday Dec. 13, 2025. (AP Photo/Gabriele Facciotti)

United States' Lindsey Vonn speeds down the course during an alpine ski, women's World Cup downhill, in St. Moritz, Switzerland, Saturday Dec. 13, 2025. (AP Photo/Gabriele Facciotti)

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