Granite begins construction of $138M Lake Street Bascule Bridge rehab project

Granite (GVA) has begun construction of an approximately $138M rehabilitation project, awarded by the Chicago Department of Transportation for the iconic Lake Street Bascule Bridge in Chicago, Illinois. The project received funding from CDOT and was added to Granite’s first quarter CAP. “This collaboration with CDOT to rehabilitate one of Chicago’s century-old, iconic movable bridges underscores Granite’s strategic commitment to the Chicago market,” said Granite Vice President of Regional Operations, Michael Punches. “By leveraging our specialized expertise in movable bridge rehabilitation, we continue to deliver lasting value to the City’s infrastructure.” Construction began in October 2025 and is expected to be completed in December 2027.