Last year, the city of Spokane set a record for the dollar value of the building permits issued at $538 million. Even if you take Walt Worthy’s downtown hotel out of the equation – permitted at a value of $135 million – 2013 was a genuine boom year for people deciding to invest in construction in Spokane, surpassing the value of building permits issued in Boise and Tacoma.
Countywide, permits for more than $1 billion worth of construction were issued last year by Spokane, Spokane Valley and Spokane County, the highest total in years.
“It’s really astonishing,” said Jan Quintrall, the city’s head of business and development services.
All of which is very good news moving forward. Yesterday’s permits turn into today’s construction projects, with all the economic ripples that emanate from that. And today’s construction turns into property taxes in the coffers tomorrow for local governments.
via Future looks promising after boom year for Spokane area construction – Spokesman.com – Aug. 8, 2014.