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He works in construction, which is not so great a business right now, he said.
This helped to boost construction, which is growing at over 10% a year.
That has meant phased dorm construction, which is financed with tax-exempt bonds repaid by student revenue.
This is the derrick floor of the construction, which is the uppermost floor they're working on at any given time.
Apartment construction, which is more volatile from month to month, rose 10 percent to an annual rate of 285,000.
They have ramifications for the private sector, too, most obviously in construction, which is now in the doldrums.
But many people seem to prefer new construction, which is better able to accommodate high-tech wiring and special needs.
Much of the construction, which is expected to be completed by late summer, is currently masked by tarpaulins and drywall.
Engineers began to divert the flow of the river on Tuesday in order to lower water levels and advance construction, which is due to be completed in 2015.
But that spending is not falling as rapidly as public spending on construction, which is dominated by spending by state and local governments.
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Mr. Tishman's cousin John Tishman is the chairman of the current Tishman Realty & Construction, which is a construction manager that invests for its own portfolio as well.
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