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October 03, 2019

Building Permit Valuation Produces Second Highest October Total

The number of building permits issued by the City of Rapid City this year is on par with last year's numbers, through the first three-quarters of the year. The number of building permits issued by the City of Rapid City this year is on par with last year's numbers, through the first three-quarters of the year. (City File Photo/Darrell Shoemaker)

Building Permit Numbers Slightly Higher Than 2018

RAPID CITY, SD--Rapid City issued 432 building permits in October with a valuation total of $24,692,653, the second-highest valuation total for the month of October.

            The October valuation is second only to the $27,041,520 in permit valuation from October 2007.

            For the year, the City has issued 3,360 building permits for a total valuation of $191,657,648.  The permit total for January-October is slightly ahead of the permits issued for the same time frame in 2018 (3,326).

            "Prior to 2011, the City had issued more than $200 million in permit valuation only once and we've been over that benchmark every year since 2011," said Ken Young, director of the City's Department of Community Development. "The past three years, thanks to some very large single permits, we've topped the $300 million level. We are poised to have a ninth consecutive year well over the $200 million mark in permit valuation."

            The City issued six permits with valuations of more than $1 million each. The list includes Rapid City Economic Development for Ascent Innovation's new facility at 18 E. Main Street ($9,235,000); Community Enhancement V LLC for the Signify Call Center at 3330 Jaffa Garden Way ($2,520,000), Champion Drive LLC for phase two work on three 15-unit apartment complexes at 3124, 3135 and 3148 Champion Drive (each valued at $1,232,000); and Hope Court Properties LLC for a strip mall at 2001 Hope Court ($1,079314).

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Thank you,

Darrell W. Shoemaker | Communications Coordinator

T: 605.721.6686 | M: 605.939.8551

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W: www.rcgov.org

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