This preview shows page 1. Sign up to view the full content.
Unformatted text preview: e and the Gaylord
hotel and convention facility in Aurora. Colorado remains a desirable place to live, and the
population will continue to grow. Once the economy recovers, new housing creation will again be
required for an increasing population. A dynamic
housing industry then will reemerge. nonresidential Building
Although final figures might show a 4.5% increase
in 2011, to $3.1 billion, a general sense of pessimism prevails for this broad sector that includes
construction of offices, retail, medical, and institutional facilities. Similar to residential work,
a modest recovery is expected to levels about
two-thirds of Colorado’s better years. Many small
projects, rehabilitations, and tenant finish jobs are
propping up activity.
Spending on schools and resorts has dropped from
prior years, federal stimulus funds for projects
have nearly wrapped up, and construction of a
large number of medical facilities has mostly been
completed. Anticipated building in 2012 will be The forecast risk is toward significant improvement.
The contractor for the Veterans Administration
View Full Document
This note was uploaded on 02/11/2013 for the course MGMT 231 taught by Professor Yu during the Spring '13 term at Bauder.
- Spring '13
- The Lottery