2 billion several large projects that would add to

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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 Hospital has...
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This note was uploaded on 02/11/2013 for the course MGMT 231 taught by Professor Yu during the Spring '13 term at Bauder.

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