Vail first-quarter construction value drops
Vail, CO Colorado
VAIL, Colorado – First-quarter construction activity in Vail showed signs of slowing down compared to the first three months of 2010, according to statistics compiled by the Town of Vail Community Development Department.
While the town issued a slightly higher number of building permits through March 31 this year, the valuation of the 2011 projects was considerably lower than in 2010. Building valuation totaled just $2.4 million for the 110 building permits issued this year, a 63 percent reduction compared to $6.4 million in building valuation recorded during the same period a year ago, when 103 permits were issued. Vail’s record year for valuation was $496 million in 2007.
Building activity continues to occur mostly in residential neighborhoods, according to Community Development Director George Ruther. He says most of the permits are for remodels, residential additions, home repairs and energy savings upgrades as property owners prepare for the upcoming summer construction season.
The number of design review and planning applications submitted to the department during the first quarter remained flat compared to last year. There were 98 such applications submitted for review as of March 31 compared to 105 the previous year. Planning applications are a leading indicator of the number of building permit applications expected in the future.
Construction fees collected during the first quarter totaled $77,793, down 63 percent from the $208,932 collected during the first quarter in 2010.
There were 619 building inspections recorded during the first quarter, up from 456 inspections a year ago. The near-completion of the West Vail fire station and the 144-bed First Chair employee housing development constructed by Vail Resorts contributed to the increase in inspections this year.– –
The department’s focus for the remainder of the year will include facilitating the Town Council’s review of the proposed Ever Vail development, review and implementation of a green building code, implementation of online application submittals and electronic plan review processes, and the conversion to new permit tracking software. Other improvements have included creation of a new general building permit and a streamlined contractor registration process.
For more information, call Ruther at 970-479-2145.