Construction numbers halved
April 17, 2009
Park City’s construction industry had fallen well behind its 2008 pace, as measured by permit value, by the end of the first quarter, according to the city’s Building Department.
The department reported that the value of the permits this year through the end of March was $32.5 million, less than half of the value recorded through the same period the year before. the end of March 2008, the industry had posted $68.6 million in construction.
The Building Department in March issued 23 permits worth a combined $1.9 million. The value is well behind those recorded in February and the previous March. In February, $27 million worth of construction received permits. In the previous March, $57.7 million in work was permitted.
Two permits for houses were issued in March, the only significant new structures that received permits that month. Eighteen permits for alterations or additions were handed out.
The number of electrical, plumbing and mechanical permits was up from the month before and mixed when compared to March 2008.
The construction industry had stormed out to a fast start in 2009, but Ron Ivie, City Hall’s chief building official, indicated at the time the pace would slow. In February, the department issued a valuable permit, pegged at nearly $26.9 million, for work at the Montage in Empire Pass.
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At the end of February, the Building Department indicated the value of permit-authorized construction was nearly triple the figure tallied through the same period the year before.
Meanwhile, the department conducted approximately 211 inspections each day in March, slightly behind the numbers from February and the previous March.
The industry finished 2008 posting $148.7 million, the No. 3 year on record but well behind the all-time pace set in 2007. Ivie has said the numbers in 2009 likely will not match the 2008 figure.