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Sioux Falls, SD (KELO AM) - Just one day after Sioux Falls City officials announced back‑to‑back record-breaking years of construction values, the construction valuation for building permits issued by Building Services has surpassed $600, just as predicted.
Today Lloyd Construction obtained the permit for the Willow Run Apartment project for a valuation of $17 million. With this permit and the other permits issued in the past two days, the construction valuation now stands at $611 million for the year.
“I didn’t know it would happen today, but $600 million was always within reach for 2014,” says Mike Cooper, Director of Planning and Building Services. “This year is definitely one for the record books.”
Last year’s record was $588,248,861, and the previous record was $523.1 million, set back in 2007.