YOUR BUSINESS AUTHORITY
Springfield, MO
Value of new construction through October was $181 million, breaking last year’s record of $173.6 million. City officials said in a Nov. 30 news release that new construction could reach $200 million by the end of the year.
Much of the new construction is attributed to the use of tax increment financing for some of the city’s newest projects, including Branson Landing and Branson Hills Plaza.
“A domino effect has occurred as developers, investors and businesses now want to be a part of the increased national attention and additional visitors that the waterfront project has generated,” said Terry Dody, city administrator, in the release.
High-dollar building permits issued this year include Bass Pro Shops and Marina at Branson Landing, Sullivan’s Steak House and the Branson Convention Center and Hilton Branson Convention Center Hotel. Other commercial permits include the Branson High School Stadium and Activities Complex, Chappy Mall on North Commercial, Chili’s Bar and Grill at Branson Hills Plaza, Arvest Bank, and Sight and Sound Theater on Shepherd of the Hills Expressway.
This story originally appeared in SBJ’s Nov. 30 free e-news Daily Update. Click here to register.
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