Detroit Evening Report, June 21, 2022: Inflation takes toll on infrastructure projects across U.S.
Welcome to the Detroit Evening Report, a daily round-up of news that city residents need to know.
Inflation is taking a toll on infrastructure projects across the U.S. Rising prices for materials such as asphalt, steel and iron pipes are driving up the costs to build roads, bridges and water mains. The costs of some infrastructure materials have risen even faster than general consumer prices. State and local officials say inflation is diminishing the value of a $1 trillion federal infrastructure law signed by President Biden just seven months ago. Some officials say inflation has forced them to delay or scale back the scope of projects. Federal infrastructure funds have been allotted for flood prevention and the replacement of lead pipes in Detroit.
Other headlines for June 21, 2022:
- Hearing of committee investigating Jan. 6 attack on Capitol focuses on Trump’s attempts to influence state officials
- Kellogg will split into three companies focused on cereals, snacks and plant-based foods
- U.S. home sales slow for the fourth straight month as climbing mortgage rates and prices discourage potential buyers
- Wayne State University eliminates transfer credit limit, making it easer for students from community colleges to receive a four-year degree
- City of Detroit opens cooling centers as temps soar into the upper 90s
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