Vail construction activity shows signs of growth
Vail, CO Colorado
VAIL, Colorado – Second quarter construction activity in Vail is showing signs of growth compared to the previous year, according to figures released by the Community Development Department. Building valuation totaled $27 million during April, May and June this year, compared to $16.3 million during the same period in 2009, a 65 percent increase. For the first six months of the year, building valuation totaled $33.5 million this year, compared to $21 million a year ago. Vail’s record year for valuation was $497 million in 2007.
Community Development Director George Ruther says the activity can mostly be attributed to commercial tenant finishes at Solaris, numerous moderately-sized residential remodel projects and several new home starts. There were 214 building permits issued during the second quarter this year, down slightly from the 253 permits issued during the second quarter of 2009. For the first six months of the year, there were 317 permits issued compared to 377 for the same period in 2009.
The department has received a total of 292 design review and planning applications in 2010 year to date. This figure represents a 14 percent increase in applications over the same period in 2009 when the department received 256 applications. Ruther says development review applications are a leading indicator of the number of building permit applications expected in the future.
Ruther says the department is continuing to actively work on overseeing the completion of the building inspection process at the Four Seasons Resort and an increasing number of development review applications. For details, contact Ruther at 479-2145.