Aspen construction activity surges by 62 percent in 2014
Aspen’s construction activity increased by 62 percent between 2013 and 2014, with respective annual permit valuations totaling $209.9 million and $339.4 million, which brings totals to pre-recession levels.
The city’s Community Development Department provided the numbers Tuesday. Data shows permit valuation totals of $378.4 million in 2007 and $296.3 million in 2008, before plummeting to $82.2 million in 2009. Permit valuation has increased every year since 2009, records show.
With increased construction activity, city officials have held various open meetings with residents and developers on potential mitigation action. One of the Aspen City Council’s top 10 goals is to develop policies and procedures by March 1 that reduce the duration and intensity of construction impacts in residential areas and downtown. Increasing off-season construction hours in hopes of shortening the total time for redevelopment projects is a concept the council will likely consider.
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