Sioux Falls Breaks Another Record – $593 Million in Construction
Sioux Falls, South Dakota City officials announced Thursday back-to-back record‑breaking years of construction values. The construction valuation for building permits issued by Building Services in 2014 reached more than $593 million.
Last year’s record was $588,248,861, and the previous record was $523.1 million, set back in 2007.
Projects such as the Dakota Pointe Apartments, Avera Prince of Peace’s addition and remodel, Prairie Hill Plaza Apartments, the Sioux Falls Regional Airport checkpoint redevelopment project, and Trail Ridge’s addition are investing millions in Sioux Falls.
Sioux Falls Mayor Mike Huether tells us, "There never has been a time when the people of Sioux Falls have been more confident. I predicted 2014 would come in a close second to last year’s numbers, so I am incredibly pleased to break this record once again!"
We also got a statement from Mike Cooper, Director of Planning and Building Services. He said,
Private investments are taking place in nearly every part of our city. Building also is taking place in so many industries and areas including new retail, office, industrial, single-family, and multifamily, as well as remodeling.