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Value of permits drops sharply in Red Deer

The City of Red Deer issued building permits for projects valued at a combined $11.1 million last month, down sharply from the $26.8 million worth of work approved during the same period last year.
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A Scott Builders crew works on the expansion of the north Kal Tire store Monday.

The City of Red Deer issued building permits for projects valued at a combined $11.1 million last month, down sharply from the $26.8 million worth of work approved during the same period last year.

But $16.5 million of the August 2011 tally related to work on the Central Alberta Cancer Centre at the Red Deer Regional Hospital Centre. And cumulative permit values for the first eight months of this year are still well ahead of the total to the same point last year.

The figure for July 2012 was $14.6 million and in June it was $21.9 million.

Residential construction accounted for $7 million of last month’s permit values, up from $6.4 million in August 2012.

Permits related to industrial work added $2.6 million, up from $1.6 million; commercial projects generated $1.4 million, down from $2.2 million; and work on public sector buildings made up $139,000, as compared with $16.6 million last August.

The permits issued for industrial work last month included one to Scott Builders Inc. for $2 million worth of renovations and additions to the Kal Tire premises at 8050 49th Ave.

The city approved $153.5 million worth of work from January to August, including $84.8 million in the residential category, $48 million for commercial projects, $12.7 million related to industrial work and $8 million in the public category.

Last year during the same period, the total value of permits issued was $115.1 million, with $51.3 million of this for residential work, $40.6 million for commercial projects, $6.5 million in the industrial category and $16.8 million related to public projects.