Spearfish set a new record for building valuations in 2017 at $52 million, reports the Black Hills Pioneer. The previous record was set in 2014 at $49 million.
Commercial as well as residential building projects contributed to last year’s valuation. For residential permits, 79 new buildings as well as 21 manufactured homes were valued at $24,348,948. Several new commercial properties, including one currently under construction on Main Street and Jackson Boulevard, were valued at $14,952,317. Over 60 commercial alterations and additions were valued at $8,312,103.
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