Park City builders hammer toward $10 million for second straight month
The construction industry, enjoying a solid year, posted another strong month in August, the Park City Building Department reported.
The month ranked No. 2 for the year as the dollar figure approached $10 million for the second consecutive month. The Building Department issued permits worth a little more than $9.5 million combined.
The figure only trailed the July number this year, when a little less than $10 million worth of permits was issued. It beat the previous August’s little less than $6.4 million by a wide margin.
The department issued 126 permits in August, down from July but up from the 97 in the previous August. Through the end of August, 802 permits had been issued this year, up sharply from the 626 permits issued through the same period last year.
The Building Department in August issued six permits for houses, totaling a little less than $4.6 million. But alterations and additions continued to play an outsized role in the numbers in August. Alterations and additions accounted for nearly $4.9 million of the monthly total, or a little more than 51 percent.
Alterations and additions since the recession have accounted for a more significant amount of the value of construction in Park City as property owners have opted to fix up or add to existing places rather than building new ones. Permits for alterations and additions, though, are normally not as valuable as those issued for new projects.
The department in August did not issue permits in categories like duplexes or multifamily residences. There were also no permits issued for commercial buildings. The number of electrical, plumbing and mechanical permits was up from the previous month and the previous August. The department’s inspection load, approximately 108 per day, was down from the nearly 137 each day in July but up from the nearly 72 per day in the previous August.
The Building Department in August issued one permit valued in the seven figures, a house on the 3400 block of Meadows Drive with a permit value of nearly $1.1 million. Other permits issued in August included an addition on the 9200 block of Marsac Avenue valued at $900,000, an addition and remodel on the 800 block of Norfolk Avenue pegged at $300,000 and an addition and remodel on the 100 block of Norfolk Avenue valued at $300,000. A permit for work at the outdoor tennis courts at the Park City Municipal Athletic & Recreation Center is valued at $500,000.
The Park City construction industry is amid a rebound from the depths of the recession, but the numbers are still not nearing the $100 million-plus years tallied in the years between the 2002 Winter Olympics and the onset of the recession. The economic downturn struck at a time when the numbers were expected to soften anyway as the number of large development parcels inside Park City dwindled.
It is not clear what sort of year-end numbers will be posted. Activity normally levels off and then falls as the winter approaches, but there is a possibility more high-dollar permits will be issued before the end of the year.
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Buses, trains and gondolas doesn’t have quite the same ring to it, but they make up the transit alternatives for the mountain transportation system the Central Wasatch Commission is trying to create, mostly in the Cottonwood canyons.