{"id":898486,"date":"2025-10-21T17:07:03","date_gmt":"2025-10-21T21:07:03","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/granite-embarks-on-rehabilitation-of-historic-lake-street-bascule-bridge\/"},"modified":"2025-10-21T17:07:03","modified_gmt":"2025-10-21T21:07:03","slug":"granite-embarks-on-rehabilitation-of-historic-lake-street-bascule-bridge","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/granite-embarks-on-rehabilitation-of-historic-lake-street-bascule-bridge\/","title":{"rendered":"Granite Embarks on Rehabilitation of Historic Lake Street Bascule Bridge"},"content":{"rendered":"<p>        <!--body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p><b>Granite Embarks on Rehabilitation of Historic Lake Street Bascule Bridge<\/b><\/p>\n<p>WATSONVILLE, Calif.&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.graniteconstruction.com%2F&amp;esheet=54342728&amp;newsitemid=20251021903310&amp;lan=en-US&amp;anchor=Granite&amp;index=1&amp;md5=b2ed76c2206840c514db9308778ca2c0\">Granite <\/a>(NYSE:GVA) has begun construction of an approximately $138 million rehabilitation project, awarded by the Chicago Department of Transportation (CDOT) for the iconic Lake Street Bascule Bridge in Chicago, Illinois. The project received funding from CDOT and was added to Granite\u2019s first quarter CAP.<\/p>\n<p>\nOriginally built in 1916, this landmark double-deck, double-leaf, moveable bridge plays a vital role in Chicago\u2019s transportation network, carrying vehicles, pedestrians, and Chicago Transit Authority (CTA) buses on its lower level, and CTA\u2019s Green and Pink Line trains on its upper level. Granite will construct the bridge to match the look of the original structure and preserve its historical appearance within the community.<\/p>\n<p>\nThe rehabilitation project encompasses several key improvements, including full replacement of the double-decked trunnion bascule bridge over the Chicago River. In addition to necessary substructure rehabilitation, the project includes replacement of the upper bridge level CTA tracks and upgrades to the movable bridge mechanical and electrical systems. The project also features restoration of the historic bridge houses, while maintaining the significant architectural character of the landmark.<\/p>\n<p>\nA key highlight of working on the world\u2019s first double-deck trunnion bascule bridge is that construction of the new bridge leaves will occur off-site, and each leaf will be transported to its permanent location during separate \u201cfloat-in\u201d outages. To facilitate installation, two 12-day CTA Green and Pink Line service outages are planned for Fall 2026 and Spring 2027. Throughout the project duration, the team must maintain the functional operation of one bridge leaf as required by federal regulations and the United States Coast Guard.<\/p>\n<p>\n\u201cThis collaboration with CDOT to rehabilitate one of Chicago\u2019s century-old, iconic movable bridges underscores Granite\u2019s strategic commitment to the Chicago market,\u201d said Granite Vice President of Regional Operations, Michael Punches. \u201cBy leveraging our specialized expertise in movable bridge rehabilitation, we continue to deliver lasting value to the City\u2019s infrastructure.\u201d<\/p>\n<p>\nConstruction began in October 2025 and is expected to be completed in December 2027.<\/p>\n<p><b>About Granite<\/b><\/p>\n<p>\nGranite is America\u2019s Infrastructure Company\u2122. Incorporated since 1922, Granite (NYSE:GVA) is one of the largest diversified construction and construction materials companies in the United States as well as a full-suite civil construction provider. Granite\u2019s Code of Conduct and strong Core Values guide the Company and its employees to uphold the highest ethical standards. Granite is an industry leader in safety and an award-winning firm in quality and sustainability. For more information, visit the Granite website, <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.graniteconstruction.com&amp;esheet=54342728&amp;newsitemid=20251021903310&amp;lan=en-US&amp;anchor=graniteconstruction.com&amp;index=2&amp;md5=ef3196efbebda10c7e9a5eb2c3c7b2ad\">graniteconstruction.com<\/a><i>, <\/i>and connect with Granite on <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fgranite-construction&amp;esheet=54342728&amp;newsitemid=20251021903310&amp;lan=en-US&amp;anchor=LinkedIn&amp;index=3&amp;md5=6ba57105eda3103bc076118b1dda18cb\">LinkedIn<\/a>, <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Ftwitter.com%2Fgranite&amp;esheet=54342728&amp;newsitemid=20251021903310&amp;lan=en-US&amp;anchor=X&amp;index=4&amp;md5=32ea5f9620df83eb54f649349503a621\">X<\/a>, <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.facebook.com%2Fgraniteconstruction&amp;esheet=54342728&amp;newsitemid=20251021903310&amp;lan=en-US&amp;anchor=Facebook&amp;index=5&amp;md5=48385b6eea1aa8ff7737d8713afeaf9f\">Facebook<\/a>, and <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.instagram.com%2Fgraniteconstruction%2F&amp;esheet=54342728&amp;newsitemid=20251021903310&amp;lan=en-US&amp;anchor=Instagram&amp;index=6&amp;md5=e19e7a50c3e8e8ab1b12a22430597106\">Instagram<\/a>.<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20251021903310r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20251021903310\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20251021903310\/en\/<\/a><\/span><\/p>\n<p><b>Granite Contacts<\/b><\/p>\n<p><i>Media<br \/>\n<\/i><br \/>Erin Kuhlman 831-768-4111<\/p>\n<p><i>Investors<br \/>\n<\/i><br \/>Wenjun Xu &#8211; 831-761-7861<\/p>\n<p><b>KEYWORDS:<\/b> California Illinois United States North America<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Public Policy\/Government Commercial Building &amp; Real Estate Construction &amp; Property State\/Local Other Transport Public Transport Other Construction &amp; Property Transport<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20251021903310\/en\/662198\/3\/Granite-Logo-Color.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Granite Embarks on Rehabilitation of Historic Lake Street Bascule Bridge WATSONVILLE, Calif.&#8211;(BUSINESS WIRE)&#8211;Granite (NYSE:GVA) has begun construction of an approximately $138 million rehabilitation project, awarded by the Chicago Department of Transportation (CDOT) for the iconic Lake Street Bascule Bridge in Chicago, Illinois. The project received funding from CDOT and was added to Granite\u2019s first quarter CAP. Originally built in 1916, this landmark double-deck, double-leaf, moveable bridge plays a vital role in Chicago\u2019s transportation network, carrying vehicles, pedestrians, and Chicago Transit Authority (CTA) buses on its lower level, and CTA\u2019s Green and Pink Line trains on its upper level. Granite will construct the bridge to match the look of the original structure and preserve its historical appearance within the community. The &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/granite-embarks-on-rehabilitation-of-historic-lake-street-bascule-bridge\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Granite Embarks on Rehabilitation of Historic Lake Street Bascule Bridge&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-898486","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Granite Embarks on Rehabilitation of Historic Lake Street Bascule Bridge - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/granite-embarks-on-rehabilitation-of-historic-lake-street-bascule-bridge\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Granite Embarks on Rehabilitation of Historic Lake Street Bascule Bridge - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Granite Embarks on Rehabilitation of Historic Lake Street Bascule Bridge WATSONVILLE, Calif.&#8211;(BUSINESS WIRE)&#8211;Granite (NYSE:GVA) has begun construction of an approximately $138 million rehabilitation project, awarded by the Chicago Department of Transportation (CDOT) for the iconic Lake Street Bascule Bridge in Chicago, Illinois. The project received funding from CDOT and was added to Granite\u2019s first quarter CAP. Originally built in 1916, this landmark double-deck, double-leaf, moveable bridge plays a vital role in Chicago\u2019s transportation network, carrying vehicles, pedestrians, and Chicago Transit Authority (CTA) buses on its lower level, and CTA\u2019s Green and Pink Line trains on its upper level. Granite will construct the bridge to match the look of the original structure and preserve its historical appearance within the community. 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The project received funding from CDOT and was added to Granite\u2019s first quarter CAP. Originally built in 1916, this landmark double-deck, double-leaf, moveable bridge plays a vital role in Chicago\u2019s transportation network, carrying vehicles, pedestrians, and Chicago Transit Authority (CTA) buses on its lower level, and CTA\u2019s Green and Pink Line trains on its upper level. Granite will construct the bridge to match the look of the original structure and preserve its historical appearance within the community. 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