Construction activity falls
July 28, 2009
Park City’s building industry finished the first six months of 2009 having posted 41.7 percent of the value of construction recorded through the same period the year before, City Hall’s Building Department reports.
According to the Building Department, $45.6 million worth of construction had been permitted through the end of June. At the same time last year, the figure was $109.3 million. The industry enjoyed a fast start to 2009, buoyed by a permit at the Montage in Empire Pass, but the numbers have fallen off dramatically in recent months.
In June, the department issued 83 permits worth a combined $3.4 million. The value was off slightly from the previous month, but it was down considerably from the $16.9 million that was tallied in the same month the year before.
The department did not issue any permits for new dwellings like houses, duplexes and multi-family projects. No permits were issued for commercial buildings, either. Alterations and additions accounted for most of the value of the permits issued in June, with the two categories totaling nearly $3.4 million.
The number of electrical, plumbing and mechanical permits was mixed compared to the figures from the previous month and the same month the year before.
Meanwhile, the number of inspections the department conducted in June, roughly 220 each day, matched the number in May but was down significantly from the 258 each day recorded in the previous June.
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The Montage permit, valued at nearly $26.9 million, continues to account for more than half of the activity recorded in 2009. The Building Department has indicated that the Montage permit was the final one of value to be issued for the project, situated on the slopes.
Park City’s construction industry is suffering in the recession, and officials have said the end-of-year tally in 2009 will not approach a record. Before the recession cut into the industry, builders in Park City enjoyed record-setting years in the last decade.