Park City’s construction industry hasn’t cracked $30 million yet
October 28, 2011
Park City’s construction industry entered the fourth quarter well behind the numbers posted through the same period the year before, a scenario that appears to make it even less likely that the industry by the end of the year can match the figures from 2010.
According to the Building Department, just less than $29.8 million worth of construction had received permits by the end of September. Through the same period last year, the figure was $50.8 million.
The end-of-year figures in 2010 were well off the record-setting years prior to the recession. This year’s numbers could fall below those depending on the timeline of several projects.
The department in September issued 136 permits worth a little less than $2.9 million combined. The number fell from the approximately $3.9 million in permits issued the month before.
The dollar figure, meanwhile, was well off the number posted in the previous September, when a little less than $17.4 million in permits was issued. City Hall projects like the Park City Municipal Athletic & Recreation Center and a bus facility on the grounds of the Public Works Building pushed up the numbers last September.
The Building Department in September did not issue a permit in key categories like single family homes, duplexes, multi-family developments and commercial buildings.
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Instead the monthly numbers in September heavily relied on alterations and additions. The categories accounted for nearly $2.8 million of the month’s total of little less than $2.9 million.
Alterations and additions have become more important to the overall construction total in recent years as there were fewer major projects during the recession.
The number of electrical, plumbing and mechanical permits was mixed compared to the previous month and the same month the year before.
The Building Department in September conducted an average of 141 inspections each work day, up from the previous month but down from the same month the year before.
Park City’s construction industry dropped sharply during the recession from the record-breaking figures recorded after the 2002 Winter Olympics. The recession struck at the same time Park City’s construction industry was expected to slip a bit anyway as the number of major projects inside the city dwindled.