The Richmond Register

Local News

December 3, 2012

County slowly recovers from construction lull

Recovers

MADISON COUNTY —

(Editor’s Note: This is the first in a series of stories reporting about year-end statistics for Madison County, Berea and Richmond.)

The past decade has seen dramatic fluctuation in construction costs throughout the county, according to numbers recently released by Duane Curry, Madison County Planning and Zoning Administrator.

Since 2002, the estimated spending on all construction within the county, outside of Richmond and Berea, has ranged from a low just more than $21.55 million in 2011 to a high of nearly $89.17 million in 2004.

The estimated construction costs from 2002 to date are as follows:

• 2002 – $45,905,758

• 2003 – $56,025,157

• 2004 – $89,167,500

• 2005 – $82,175,123

• 2006 – $67,733,732

• 2007 – $42,276,389

• 2008 – $58,234,509

• 2009 – $24,314,062

• 2010 – $22,558,136

• 2011 – $21,551,371

• 2012 – $34,797,134

“Looking at the trend, construction in Madison County was following the trend nation-wide,” Curry said. “The numbers in 2011 and 2012 as you can see have moved upward showing some sign of improvement.”

The largest increase in 2011 and 2012 comes from new multi-family dwellings with almost $4 million dollars of new construction in this area, he said.

Building permits

As for building permits issued from 2002 to date, the number of permits issued peaked in 2005 with 729 permits and the least was 335 in 2010.

The number of building permits issued from 2002 to date are as follows:

• 2002 – 575

• 2003 – 580

• 2004 – 710

• 2005 – 729

• 2006 – 551

• 2007 – 502

• 2008 – 435

• 2009 – 374

• 2010 – 335

• 2011 – 367

• 2012 – 476

Home construction

The total spent constructing new homes in Madison County was virtually tied in 2004 and 2005 at around $72.7 million. Since 2002, new home construction was at its highest during these two years, and was lowest last year, when just over $14.2 million was spent.

However, that number increased drastically this year, with just over $25.8 million spent on new home construction.

“Most of the (county’s total) construction for 2012 was new, single-family homes and multi-family dwellings,” Curry said.

“Typically, when new construction increases, remodelings decrease and vice versa. People decide they are going to fix up the home they are living in rather than build a new one. One major area that has halted is the development of new subdivisions in the County.

“We currently have 253 major subdivisions in the county, with 62 percent of those being developed since 1990. In the past two years we have approved only one new major subdivision in Madison County.”

The total amount spent on new home construction since 2002 comes to nearly $405.33 million, Curry reports.

Construction of commercial buildings reached its peak in 2008 at nearly $31.8 million and was lowest in 2002 when only $223,872 was spent.

However, 2012, shows a promising increase in commercial construction, totaling $1.22 million.

“It seems Madison County, because of location and amenities afforded in our county, has been able to avoid the major shut down that other parts of the country have seen, and we have been able to keep moving forward,” Curry said. “I do believe we will still continue to see a slight increase in 2013, however, I do not think we will return back to the growth of 2004 and 2005 for many years.”

Ronica Shannon can be reached at rshannon@

richmondregister.com

or 624-6608.

1
Text Only
Local News
  • 2-11 Mangan.jpeg Man indicted in I-75 wreck that killed two

    A man who police believe started the chain of events that led to the deaths of two people on Interstate 75 in February was indicted on several felony charges Wednesday in Madison Circuit Court.
    Bryan M. Mangan, 56, of South Bend, Ind., was indicted on six counts of first-degree wanton endangerment, tampering with physical evidence and operating on a suspended license.

    April 24, 2014 2 Photos

  • Man charged with reselling employer’s equipment

    A man who worked for a local satellite TV company has been charged with ordering extra equipment and selling it online.
    Charles William Hensley, 39, of Manchester, worked for the Multiband Corporation at its Richmond office, according to a Richmond police report.
    Multiband maintains DIRECTV’s installations, service and upgrades for single-family homes in 20 states and commercial sites nationwide.

    April 24, 2014

  • Saturday is National Drug Take-Back Day

    A nationwide initiative to dispose of prescription drugs in a safe manner will take place Saturday.
    Three Madison County sites are available for residents to get rid of their unused, unneeded or expired prescription drugs as part of the eighth annual National Prescription Drug Take-Back Day:
    • Richmond Police Department, 1721 Lexington Road, box is outside by the front door.
    • Kentucky State Police Post 7, 699 Eastern Bypass, across from the EKU stadium, box is inside at the front door.

    April 24, 2014

  • 4-25 Revue 1.JPG Retro Radio Revue

    “Stan O’Donnell’s Retro Radio Revue,” presented by Rose Barn Theatre, will be performed at 7:30 p.m. Friday and Saturday at Gillum’s Sports Lounge in the Richmond Mall.
    The production focuses on the performers of the show and the follies and chaos that take place as the unexpected ensues. Local musical performers from Madison County will be showcased throughout the production.
    Gillum’s will provide a full menu service and cash bar beginning at 5:30 p.m.
    Tickets for the show are $15 and available at the door or in advance at www.rosebarntheatre.org.
    The event is a fundraiser for the nonprofit arts organization.

    April 24, 2014 3 Photos

  • 4-25 Crit Luallen.jpg Luallen says no to 2015 governor’s race

    After months of deliberation, former state Auditor of Public Accounts Crit Luallen announced Thursday she will sit out the 2015 race for governor.
    The announcement disappointed friends and associates who see Luallen as an able and experienced administrator — she served in six gubernatorial administrations — but also someone with the character and integrity to restore confidence in government.

    April 24, 2014 1 Photo

  • Blue Grass Army Depot sponsors 5K

    The Blue Grass Army Depot is hosting a 5K run/walk Saturday in support of National Sexual Assault Awareness Month.
    The no-entry-fee event will begin and end at the depot’s new sports complex ball fields, according to a news release from the installation. Preregistration is available online at www.bluegrass.army.mil or starting at 9 a.m. the day of the event.

    April 24, 2014

  • 4-24 UKatWaco1.jpg Wildcats encourage Cardinals to work hard in school

    University of Kentucky student athletes Kastine Evans, a guard on the women’s basketball team, and Jon Hood, a guard on the men’s team, stopped by Waco Elementary School on Wednesday to talk about the benefits of working hard in school.

    April 23, 2014 4 Photos

  • Mayor, commissioner pay changed

    The Richmond City Commission approved 4-1 a new pay scale for the mayor and commissioners at a special-called meeting Wednesday morning.

    April 23, 2014

  • 4-24 Lorenzo McWilliams.jpg Harrodsburg to get old Richmond police mobile computers

    Richmond is donating to the city of Harrodsburg eight of 39 old computers formerly used in police cruisers.

    April 23, 2014 1 Photo

  • 4-24 HOSAblooddrive.jpg Health science students organize blood drive

    Aside from the gift cards and free snacks, 50 Madison County high school students have other reasons for donating 35 pints of blood Wednesday to the Kentucky Blood Center at Madison Central High School.

    April 23, 2014 1 Photo

AP Video
Raw: Obama Tours Gyeongbok Palace Swimmer Michael Phelps Back in Competition Raw: Obama Lays Korean War Memorial Wreath Obama Leads Naturalization Ceremony in Seoul Calif. School Bus Crash Hurts Driver, 11 Kids Country Club for Exotic Cars Little Science Behind 'Pollen Vortex' Prediction US Proposes Pay-for-priority Internet Standards Wife Mourns Chicago Doctor Killed in Afghanistan FDA Proposes Regulations on E-cigarettes Kerry Warns Russia of Expensive New Sanctions Mideast Peace Talks Stall on Hamas Deal Cody Walker Remembers His Late Brother Paul Grieving South Korea Puts Up Yellow Ribbons Raw: Kerry Brings His Dog to Work Raw: Girls Survive Car Crash Into Their Bedroom Three U.S. Doctors Killed by Afghan Security Yankees' Pineda Suspended 10 Games for Pine Tar Colleagues Mourn Death of Doctors in Afghanistan Ukraine Launches Operation Against Insurgents
Hyperlocal Search
Premier Guide
Find a business

Walking Fingers
Maps, Menus, Store hours, Coupons, and more...
Premier Guide
Poll

Should Richmond rezone the southwest corner of Main Street and Tates Creek Avenue to B-1 (Neighborhood Business) with restrictions to allow construction of a financial services office?

Yes
No
     View Results