Union strike may grind building to a halt

From Crains:

With a contract deadline a week away, a survey of developers has found that a work stoppage by operating engineers could silence construction on private-sector projects worth nearly $10 billion and temporarily idle more than 11,300 workers.

With the operating engineers' union contracts set to expire June 30, the Real Estate Board of New York survey shows that work could stop on commercial and retail projects spanning more than 13 million square feet and on residential sites totaling more than 6,300 units.

Projects that could be halted include Forest City Ratner's Barclays Center in Brooklyn, which employs 1,000 construction workers; Silverstein Properties' World Trade Center Tower 4, which employs 800; and Extell Development Co.'s International Gem Tower in midtown, which employs 500.