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Construction up $18 million over last year

Monday, November 22, 2010

McCOOK, Nebraska -- The value of McCook area construction project costs was down by more than $131,000 in October, when compared to October of 2009, but the October year-to-date total costs were $18 million more than 2009 year-to-date.

According to the City of McCook's monthly building report, which details the number of building permits sold; estimated costs of projects, including construction, renovation and repair projects; as well as resulting fee revenue received by the City.

Subsequently, the year-to-date revenue received from building permit fees is significantly up over the prior year as well. The more than $59,000 received since January easily surpasses the $32,000 city staff budgeted for the entire fiscal year 2010-11, in the General Fund.

October project costs: $335,604

October permit fees received : $1,316

Total permit fees received January-October, 2009 : $28,664

Total permit fees received January-October, 2010 : $59,224

Total project costs January October, 2009 : $10,348,159

Total project costs January-October, 2010: $29,045,086

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It would appear that things are going well. There have been those that indicate that our area is in worse shape that we know, but construction projections are a barometer of a region's economics.

Keep up the good work McCook!

-- Posted by PensiveObserver on Mon, Nov 22, 2010, at 6:35 PM

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