January 6, 2009

City Tops $100 Million in New Construction for '08

For the fourth consecutive year, the city of Branson has eclipsed the $100 million mark in the value of new construction. Figures released by the city’s planning and development department show a total of $102 million in new construction for 2008.

While down from the $117.9 million in 2007, city officials are pleased with last year’s total in light of the national economy being hobbled by the real estate bust, a faltering financial system and crumbling consumer confidence.

More than 62 percent of new construction occurred in the first six months of the year before a major decline in economic activity across the nation. February was the biggest month for new construction with $18.4 million in building permits issued.

Three large apartment developments were started in 2008 to help provide additional housing for Branson’s workforce. They included Turtle Creek on Highway 248, Village Green in the 2800 block of Shepherd of the Hills Expressway and Ridgecrest residences at 2000 Bird Road. Combined, these three developments will add 420 housing units to the market.

Million dollar commercial projects permitted in 2008 included:
- Hampton Inn on Branson Hills Parkway
- Shrine of the Holy Spirit attraction on Expressway Lane
- Books-A-Million, Bed Bath and Beyond and Best Buy, all in Branson Hills
- Castle Rock Water Park on Green Mountain Drive
- Pointe Royale Golf Course reconstruction.

Jerry Adams, Public Information Director
Public Information Department
417-337-8526
jadams@bransonmo.org
www.bransonmo.org

CITY OF BRANSON
110 W. Maddux
Branson, MO 65616
417-334-3345