January 05, 2018

Highest-Valued Permit In City's History Issued Thursday

The City issued the highest-valued building permit in the City's history Thursday.  A permit with a valuation of $92.5 million was issued to Rapid City Regional Hospital for the facility's Phase II expansion. The City issued the highest-valued building permit in the City's history Thursday. A permit with a valuation of $92.5 million was issued to Rapid City Regional Hospital for the facility's Phase II expansion. City Photo/Darrell Shoemaker

$92.5 million permit to RC Regional Hospital comes

on heels of second consecutive $300 million year in permit valuation

RAPID CITY, SD--Rapid City's Building Services Division issued the largest building permit in the City's history Thursday.  The permit, with a valuation of $92,500,000 was issued to Rapid City Regional Hospital for its Phase II Expansion.

            The four highest-valued permits in the City's history have been issued since March 2016.  Three of those permits have been issued to Rapid City Regional Hospital since August.   Last August, Rapid City Regional Hospital was issued a building permit with a valuation of $38 million for the site work, footings and steel structure for the Phase II expansion.  In December, a permit with a valuation of $34.9 million was issued to Rapid City Regional Hospital for its Advanced Orthopedic and Sports Institute facility at 1635 Caregiver Circle.

            "This is an awesome way to start 2018," said Rapid City Community Development Director Ken Young.  "Rapid City is on a consistent, positive building trend.  Building permits, large or small, result in jobs, development and growth for the community."

            Mayor Steve Allender added, "It was just a few years ago, we were excited at reaching $200 million in valuation. Everyone wondered 'how can you beat $200 million'?  How do you beat it? $300 million! We've achieved $300 million in valuation two years straight.  And now we start 2018 with the highest-valued permit ever issued in Rapid City. 

            "This is very exciting for Rapid City, for our citizens, for development and for jobs."

            Earlier this week, the City issued its report on building permits and valuation for 2017 with the City exceeding $300 million in permit valuation for the second consecutive year ($302,570,950).  It is the seventh consecutive year the City has been over $200 million in valuation (2011-2017).  Previously, the City had topped $200 million in permit valuation only once (2007).

           

The top four permits in valuation in the City's history:

1)  (January 4, 2018)  Rapid City Regional Hospital Phase II, 353 Fairmont Boulevard ($92 million)

2)  (March 30, 2016)  Black Hills Corporation for its BH Energy Horizon Point Headquarters ($45.8 million)

3)  (August 21, 2017) Rapid City Regional Hospital, Phase II Expansion (site work, footings, steel structure) ($38 million)

4)  (December 14, 2017) Rapid City Regional Hospital for its Advanced Orthopedic and Sports Institute facility, 1635 Caregiver Circle ($34.9 million)

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