While we can talk about crime rates going up, traffic issues and lack of affordable housing in Sioux Falls and the MSA, we can also expect the price tag of public projects are going to rise as we continue to have record growth.
Last year the Top 20 building permit projects cost $240 million. Over 25% of those projects ($66.5 million) were public projects mostly paid for through fees and taxes.
We can brag about record building permits all we want, but let’s face the facts, this kind of record growth costs a lot of money.