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Article: Large projects top $1.8 billion in state; value drops 6.8 pct.(Overview)
- Article from:
- Arkansas Business
- Article date:
- April 13, 2009
- Author:
CopyrightCOPYRIGHT 2009 Journal Publishing, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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COMMERCIAL CONSTRUCTION ACTIVITY IN Arkansas dipped during the past 12 months based on a list of active $5 million-plus projects.
The total contract value declined 6.8 percent to just over $1.8 billion this year, but the number of projects--122--was shortened only by three compared with 2008. The totals during the past two years came even closer to the $2 billion mark.
The question on many minds is: What will next year look like? The disruption of service for the financial pipeline controlling the flow of construction dollars also affected timetables.
"It's certainly not business as usual," said Keith Richardson, a partner in North Little Rock's ...