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TRD: developers face costs for delay, and when re-starting; even at essential sites, a fraction of workers show up

From the Real Deal yesterday, Shutdown poses big risks for projects — even when it ends.

The gist is not only that builders face mounting costs for interest and insurance, and potential competition for labor and supplies when work restarts, as well as simple bureaucratic approval.

And there's an astounding quote from Building Trades Employers' Association of New York President Louis Coletti regarding work at sites considered essential construction: "Even with taking all the precautions, we’re getting 20 to 40 percent of the workforce that is showing up for work."

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