For Powers & Sons Construction, the $350 million Obama Presidential Center will be a “once in a lifetime project,” says CEO Mamon Powers Jr. of Powers & Sons Construction Co. Inc., No. 38 on Black Enterprise’s 2017 Top 100 list with revenues of nearly $92.17 million.
The Presidential Partners (TPP) consortium of Powers & Sons, #UJAMAA Construction, Brown & Momen, and Safeway Construction are part of the Lakeside Alliance. That joint venture was picked by the Obama Foundation to serve as the construction manager for the OPC to be built on Chicago’s South Side. Turner Construction, one of the nation’s largest construction managers, is part of the alliance.
The foundation is providing the minority firms with operations on Chicago’s South and West sides a 51% stake, while Turner Construction will get 49%. Work on the project is expected to begin late this year.
Thoughts #cocoabees ?
