Monday, January 14, 2008

Grand Traverse County Construction Spending Down

The Traverse City Record Eagle is reporting that construction spending in Grand Traverse County slumped to $152.6 million in 2007, the lowest amount in more than seven years.

The article also paints a bleak picture for 2008. A representative from Traverse City based Comstock Construction Co. indicates that their business was "pretty static" from 2006 to 2007, but that they are down approximately fifty percent from a record year for construction in 2004. Comstock Construction Co.'s workforce has shrunk from 140 emplyees a few years ago to 60 workers last year.

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