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Home News July building numbers & Credit Union construction delay

July building numbers & Credit Union construction delay

FORT ST. JOHN, B.C. – A $22.6 million dollar permit for the new public elementary school at 11504, 105th avenue has narrowed the year-over-year differential in value of construction in Fort St. John.

It was one of 17 permits issued last month worth just over $27.5 million, and that’s $10 million dollars more than the value of the nineteen permits issued in July of last year.

It left the year-to-date totals at 75 permits with a construction value of $50.9 million dollars…but in both cases that is still less than half of the totals for the first seven months of 2015—when 173 permits were issued for a total of $105.7 million dollars.

In terms of city revenue, the July total this year was $137,500 as opposed to only $87,000 in the same month last year.

However, once again, the year-to-date total of $256,000 is still less than half of the comparable seven month total in 2015, which was $528,000.

Both the current year-to-date value of construction and city revenue totals are still the lowest they’ve been since 2012, when they were posted at the end of July at just over $42 million, and $212,000, respectively.

Meantime, even though $20.6 million was the total value of construction last August, this month’s building numbers report, has a chance to further reduce the year-over-year differential, since the permit was issued last week for the new North Peace Savings and Credit Union building valued at about 1$5 million.

Initial plans had the new three story structure, to be located, adjacent to the current Credit Union building on the street 100th site, of the old St. Martin’s Anglican Church, ready for occupancy by June of next year.

However, since it has three years to start construction, CEO Mitchell Chilcott says the Credit Union has decided to put the building plans on an indefinite hold, noting, “There’s been enough economic change in the community that we don’t want to launch into a major project yet.”

He adds current on-site work is geared, to putting the lot, in a more “sightly manner,” and to the completion of promised graveyard refurbishment this summer.

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