5 Numbers: Eau Claire on the Money
The City of Eau Claire recently published its annual Development Update, which detailed construction in 2016. A few highlights:
1. $159 Million
The total value of building permits issued in the city during 2016. This is the fourth-highest total ever (the record is $197 million in 2009), and a 2.5% increase from 2015.
2. $94.4 Million
The value of commercial projects in the city last year, up from $87.5 million in 2015. Nearly two-thirds of this was for new buildings; the rest was for additions and alterations.
3. $41 Million
The value of the permit for the Confluence performing arts center, by far the largest issued in 2016. No. 2 was a $12.5 million Mayo Clinic Health System project.
4. $46.1 Million
The total value of residential construction in Eau Claire in 2016, a sharp rise from $29.6 million the previous year. Permits were issued for 273 total units, including 75 single-family homes.
Average value of a new single-family home in Eau Claire, the highest average on record. This average grew from $231,431 in 2015. One single-family home was valued at $1.27 million.