7 replies to this topic

[augga706]

The Augusta market has landed in a construction magazine's top 10 list for Southeastern construction spending. The metro area's construction spending surge 379 percent last year, helping the area place No. 5 in Southeast Construction 's ranking in its February issue.

Augusta during an 11-month period in 2007 vaulted above larger Southeastern markets Jacksonville, Raleigh, and Tampa,
1. Atlanta 13.9 billion
2. Miami
3. Orlando
4. Charlotte
5. Augusta 5.01 billion
6. Jacksonville
7. Raleigh
8. Tampa
No word of 9 and 10 but im guessing nashville, birmingham, memphis, or louisville
Augusta area on top 10 list for new construction


Augusta is number 5 behind Atlanta, Miami, Orlando, and Charlotte. Mayor Deke Copenhaver centered his state of the city speech around the growth in Augusta. With ADP, T-Mobile, the Augusta Mall, and I-20 all topping his list of major projects.
Augusta gets high ranking for growth

Alot of the big projects don't start until 2008. Judicial center, watermark condos, kroc center, forum and VAR. Great news for augusta!

Edited by augga706, 12 February 2008 - 11:11 PM.

[socaguy]

Wow suprising.  I would think Greenville would fall up in the top 10 somewhere too.  Lots of big office buildings and mixed use projects are going up there now.  I guess the magnitude of 1-20 is what pushed Augusta to the tiop 5.

[suburban george3]

Looks like one government project (MOX on the former Savannah River site - $3.5 billion) put Augusta in this list.  It will be interesting to see if this can be sustained or if this is a one-time 'blip.'

[Topher1]

Augusta makes the list any time there's a new mission at SRS.  It will last only as long as MOX is receiving construction funding...  Construction is rising, but it's not consistent top 10 levels yet...

[socaguy]

Ah so that explains it.  I thought it seemed kind of funny that Augusta...while growing and with a decent list of construction projects would beat out places like Tampa, Raleigh and (I keep saying) Greenville SC which has alot more going on (retail, office, residential) than Augusta.

[augga706]

All those cities are alot larger than augusta. So for augusta to even make the list is great in itself. SRS will only help with future projects in the area. Top 5 is amazing

Edited by augga706, 15 February 2008 - 12:13 AM.

[socaguy]

Looks like Mox takes up 3.5 billion and DOT and the project at Ft. Gordon take up another 1 billion.  Still leaves half a billion dollar in construction projects in and around Augusta.  Regardless it is terrific news for Augusta!

[augga706]

Tax revenue surprises city
Augusta ended 2007 with $5.5 million more in special purpose local option sales tax money than expected, signaling a stronger-than-expected local economy. ''Obviously, people are spending money in Richmond County ahead of what we thought they would," said Mayor Deke Copenhaver. "We're on an upward trend, which is ironic when the rest of the country is talking about recession. Despite economic growth in Columbia County, Augusta's retail market appears very strong."We are the hub of the area, and we have opportunities you might not find in some of the suburbs," he said. "Coupling that with our continued growth and the strength of our market, the numbers are coming in very well."