Construction bounce

Red Deer’s construction sector enjoyed a rebound month in August, pushed upward by the city’s downtown parkade project and a new ATB Financial branch.

Timcon Construction worker readies a window for its glass as others insulate the stylized whale that will cover the expanded pool deck and new waterslide of the G.H. Dawe Centre Tuesday.

Red Deer’s construction sector enjoyed a rebound month in August, pushed upward by the city’s downtown parkade project and a new ATB Financial branch.

The value of building permits issued by the Inspections and Licensing Department last month hit $25.6 million, nearly $10 million more than for the same month in 2008.

The three-level parkade being built above the city’s transit terminal at 4830 48th St. contributed $12.5 million to the $12.9 million in construction approvals in the public category. Last August, public projects accounted for a combined $5.3 million in building permits.

Commercial work last month added another $5.8 million worth of permits, with $3.7 million of this related to the ATB Financial branch being constructed at 6794 50th Ave. A year ago, commercial projects generated $1.8 million in permits.

The value of building permits issued for residential construction in August also exceeded the tally for the same month in 2008. It hit $6.8 million, up from $6.7 million.

The only year-over-year decline in permit values came in the industrial category, where the figure dropped to $156,000 from $2.1 million.

“This is a good indication that the construction industry is beginning to pick up after a slower start to summer,” said Rachelle Tepanier, an administrative assistant at Inspections and Licensing, in a news release issued by the city.

Despite the higher permit values this August as compared with a year ago, the cumulative number for the year — $94.2 million — is a little more than half the total for 2008 to the same point.

Residential construction so far this year has accounted for $47.8 million, as compared with $76.1 million for the same eight-month period in 2008. Public permits so far this year have contributed $29.3 million, down from $68.8 million; commercial permits are at $16.1 million, down from $34.3 million; and industrial permit values stand at $950,000, a drop from $6.7 million.

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