Commercial construction activity grinds to a halt

McCOOK, Neb. -- McCook area construction activity during the first six months of 2014 slowed to a fraction of the level reached in recents years. Year-to-date construction project costs through June totaled $3.8 million, a little more than a third of the $9.9 million mark set during the same time period the year prior and a far cry from the $27 million of 2010.

The level of local construction activity posted thus far in 2014 represents the lowest mark reached since at least 2009.

The vast majority of the 2014 decrease resulted from a lack of commercial construction activity, which totaled $914,880 during the first six months of 2014 after hitting $5.9 million the year prior. Residential new construction and remodel activity rose slightly when compared to prior year, increasing by $189,195 and $119,752 respectively.

City revenue from fees associated with construction activity did not falter near as much, totaling $12,705 during the first six months of 2014, compared to $15,137 the year prior.

Year-to-date construction project costs through June

2014 : $3,898,256

2013 : $9,947,975

2012 : $8,179,318

2011 : $11,233,176

2010 : $27,022,424

Year-to-date construction fees received by the city through June

2014 : $12,705

2013 : $15,137

2012 : $26,593

2011 : $15,173

2010 : $51,761

Source: City of McCook