Park City contractors book another $10 million-plus month
Ryan Summerlin July 18, 2014
The Park City Building Department in June issued a high-dollar permit for the renovation of the Park City Library and Education Center, continuing a strong year for the city’s construction industry.
The Building Department valued the permit, which involves the renovation and an addition, at $4.8 million. It was by a wide margin the most valuable permit issued in June.
The Library and Education Center is in the early days of an ambitious redo meant to turn the facility into a modern-day library as well as expanding the building. City Hall projects the construction cost will be a little more than $6.8 million. The overall project is pegged at approximately $9.3 million, a sum that includes costs like moving the materials to temporary locations.
The Building Department, meanwhile, issued a permit for demolition work at the site. That permit is valued at $150,000.
The library is closed as the construction crews work. Matt Twombly, a City Hall project manager assigned to the project, said demolition work on the interior of the library is on schedule. The Santy Auditorium will be ready by the start of the Sundance Film Festival in January, Twombly said. The auditorium is a festival screening room.
Twombly said the rest of the Library and Education Center is scheduled to reopen by the end of May.
The permit for work at the Library of Education Center led the construction industry to its third-best month of 2014, as measured by dollar value. The Building Department in June issued 195 permits worth a little less than $14.5 million combined. The month trailed an extraordinary May, when $24.5 million worth of permits was issued, and the $17.4 million in permits issued in January.
The little less than $14.5 million tallied in June was well ahead of the same month in 2013, when approximately $8 million worth of permits was issued.
The industry has topped $10 million during four months in 2014 — June, May, April and January. The $10 million mark was not exceeded in any single month through June in 2013, 2012 and 2011.
Alterations and additions accounted for a little less than $8.5 million of the overall dollar figure of the month. The work at the Library and Education Center fell into that category.
Alterations and additions have had an outsized impact on the building numbers since the recession struck as property owners decided to remodel or expand their places instead of building new ones.
The Building Department in June also issued permits for seven houses. The permits are valued at a little less than $5.8 million combined.
The year-to-date dollar figure at the end of June sat at a little more than $72.8 million, far outpacing the nearly $27.5 million tallied through the same period in 2013.
Some of the six-figure permits issued in June include:
The Building Department also issued a permit valued at $100,000 for a solar installation at the United States Ski and Snowboard Association building on Victory Lane.
The number of electrical, plumbing and mechanical permits was mixed compared to May and the previous June. The department conducted an average of 116.6 inspections each day in June, up sharply from May and the previous June.
The construction industry this year is enjoying a strong comeback year from the depths of the recession. Large projects like the Park City Film Studios coupled with numerous remodels or additions have put the industry within range of a $100 million year, a mark not hit in Park City since 2008.
Chad Root, the chief building official at City Hall, has said Park City real estate is hot, convincing developers and others to move ahead with construction. Root has projected the industry will reach $100 million in 2014.
Multimillion-dollar permits are expected to be issued later this year for construction at Stein Eriksen Residences and The Yarrow, according to Root. Another valuable permit is anticipated to be issued at the Park City Film Studios site in 2014, he said.