Denver station KUSA-TV reported January 11, 2010 that Krahl Construction has
halted work on a $1.5 million project at the main branch of the Denver
Public Library as
the apparent result of a January 5 FBI search of Krahl’s Chicago
headquarters. Krahl also
has an office in Centennial, Colorado.
Krahl notified employees on January 8 that the company would be shutting down
the project. Neither the FBI nor Krahl disclosed why the raid took place,
but an FBI
official said the search was part of an ongoing investigation and that
the FBI was
“looking for evidence of a crime.” No arrests were reported.
Krahl has been paid $430,000 for work already completed, but has been paid
nothing for unfinished work. New bids can be solicited after 10 days according to city
The company has an “A+” rating from the Chicago Better Business
reportedly does around $100 million a year in commercial construction
work. It was
recently working as general contractor on an $81 million project at Riverside Medical
Center in Kankakee, IL, but hospital officials immediately hired another
finish the project.