Construction numbers trailing
October 24, 2008
Park City builders had posted about $134.6 million in construction through the end of September, the Building Department reports.
The figure is a solid showing for the important sector, but the numbers trail those recorded through the same period in 2007, when $174.1 million in work had received permits.
According to the Building Department, just less than $6 million in construction was authorized in September. The total trails the $8.8 million tallied in August is well behind the $10.7 million posted in September 2007.
No segments stood out in September, with the Building Department saying permits were issued for one house, valued at about $953,192, and 108 alterations and additions, mostly to dwelling units. The department says the alterations and additions accounted for about $4.1 million of the monthly total.
Meanwhile, the number of electrical, plumbing and mechanical permits was generally down from the previous month and the same month the previous year.
Building inspectors averaged about 264 inspections each day in September, about the same number each day in August and the previous September.
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Park City’s construction industry enjoyed record-setting years in 2007 and 2006, but officials have indicated throughout 2008 the standard might not be matched this year.
Park City’s real estate community has long boasted that the city is an attractive place for homebuyers, saying it is reasonably priced compared to other mountain resorts like Aspen, Colo., Ketchum, Idaho, and Jackson, Wyo., and they advertise Park City as being easier to reach than more remote mountain-town destinations.