LONG BEACH, CA-Earlier this year, GlobeSt.com reported that the Long Beach Board of Harbor Commissioners approved a $942-million budget for fiscal year 2013. That includes an investment in infrastructure modernization, according to the Port. Port executive director J. Christopher Lytle noted at the time that the growth in capital investment comes mainly from two large construction projects that have already begun at the Port: the Middle Harbor Terminal Project and preliminary work for the replacement of the Gerald Desmond Bridge.

And now one of those projects is taking one huge step forward. The $1-billion bridge replacement project officially moved dirt yesterday. According to a prepared statement, the structure will be one of the tallest of its kind—towers will reach 500 feet above ground level.

The new bridge will include additional traffic lanes, a higher clearance to accommodate the new generation of cargo ships, dedicated bicycle paths and pedestrian walkways, including scenic overlooks 200 feet above the water, according to a statement. The design-build project is expected to create about 3,000 jobs a year, on average, for three years and the $1 billion in construction-related spending is expected to generate regional economic activity of about $2 billion.

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Check back later today for more on the project and its economic impact.

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Natalie Dolce

Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.