Swift Cur­rent year end con­struc­tion num­bers look good

The Southwest Booster - - NEWS -

The City of Swift Cur­rent is cel­e­brat­ing the pos­i­tive im­pact of their re­cently re­leased build­ing per­mit fig­ures for the 2010 con­struc­tion year.

Con­sid­er­ing the con­struc­tion year was chal­leng­ing in terms of the wet weather con­di­tions, more than $20 mil­lion in build­ing per­mits were is­sued in 2010 which is a strong in­di­ca­tor of the econ­omy in Swift Cur­rent.

“These fig­ures re­ally do show that there is a lot of ac­tiv­ity oc­cur­ring in our city. Al­though lower than the $28 mil­lion is­sued in 2009, the good news is that the value of res­i­den­tial per­mits con­tin­ues to be strong. In fact, we have had in ex­cess $14.3 mil­lion of con­struc­tion on the res­i­den­tial side rep­re­sent­ing 62 sin­gle and multi fam­ily res­i­den­tial units. This rep­re­sents an in­crease of 27 per cent over the to­tal units built in 2009. This bodes well as the de­mand for hous­ing has been high and with the num­ber of res­i­den­tial lots sold this sum­mer, we ex­pect that there will con­tinue to be many more res­i­den­tial build­ing per­mits is­sued,” says Di­rec­tor of Busi­ness Devel­op­ment Marty Sal­berg.

Sig­nif­i­cant res­i­den­tial de­vel­op­ments in 2011 will con­tinue in the High­land Sub­di­vi­sion, Val­ley Ridge Sub­di­vi­sion be­hind the hos­pi­tal, Sweet Wa­ter Es­tates on the for­mer hos­pi­tal site and along South Rail­way Street East.

On the com­mer­cial and in­dus­trial side, the city re­al­ized an in­crease of 44 per cent in the value of build­ing per­mits is­sued over 2009, with govern­ment and in­sti­tu­tional per­mits de­creas­ing from $11 mil­lion to $1.7 mil­lion.

“We con­tinue to re­ceive a lot of in­ter­est from busi­nesses wish­ing to ex­pand and new busi­nesses look­ing to lo­cate in our city.

The ser­vices in the Mun­roe In­dus­trial Park were com­pleted and we an­tic­i­pate with the oil sec­tor gain­ing mo­men­tum, we could see more devel­op­ment in this area. All in­di­ca­tions show that 2011 and 2012 will be great years for growth within our busi­ness com­mu­nity,” Sal­berg added.

Over the last six years, the to­tal value of build­ing per­mits is­sued in the City of Swift Cur­rent amounts to $220 mil­lion rep­re­sent­ing close to 500 sin­gle fam­ily, multi fam­ily and condo units. This speaks vol­umes in terms of the growth and ex­cite­ment that has been oc­cur­ring in Swift Cur­rent.

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