City Tops $300 Million In Building Permit Valuation For Third Consecutive Year
RAPID CITY, SD--For the third consecutive year, the City of Rapid City issued building permits with a combined total valuation in excess of $300 million.
With one month of the calendar year remaining, the City has issued 3,539 building permits with a total valuation of $307,354,989. The total surpasses last year's valuation total of $302,570,950. In 2016, the City surpassed the $300-million mark for the first time with $320 million reported in building permit valuation.
For November, the City's Building Services Division issued 213 building permits for a total valuation in the month of $9,692,550.05.
"Overall, the numbers have been solid for the year. We had a record January and big months in February, April and May. We've had a leveling off the past couple months and we used to be very pleased when we hit the $200 million threshold, so to have three consecutive years of more than $300 million in building permit valuation is outstanding," said Ken Young, Director of the City's Department of Community Development.
In 2007, the City surpassed the $200 million mark in valuation for the first time ($212.6 million) then worked through the Great Recession years of 2008-2010. In 2011, the City again reached the $200 million mark in valuation and continued the trend from 2011-2015 before surpassing the $300 million mark each of the past three years.
Top-valued permits in November included Black Hills Surgery Center for commercial expansion at 216 Anamaria Drive ($1,620,000); Rapid City Regional Hospital for its Same Day Surgery facility at 651 Cathedral Drive ($1,428,096); a single family dwelling with attached garage at 6003 Cloud Peak Drive ($541,532) and Hay Land LLC for the Fleet Farm grading permit at 1001 E. Mall Drive ($500,000).
-30-
Thank you,
Darrell W. Shoemaker | Communications Coordinator
T: 605.721.6686 | M: 605.939.8551
E: This email address is being protected from spambots. You need JavaScript enabled to view it.
This email address is being protected from spambots. You need JavaScript enabled to view it." width="359" height="80" />