Apartment Complexes Boost Columbia's Economy

6 years 8 months 1 week ago Thursday, April 07 2011 Apr 7, 2011 Thursday, April 07, 2011 1:57:00 PM CDT April 07, 2011 in News
By: Jessica Smith
loading

COLUMBIA - New apartment complexes under construction are bringing an extra boost to Columbia's economy.

The large apartment complexes, some with more than 1000 rooms for rent, create construction jobs, supply sales, and bring in revenue from building permits. February residential construction permits more than doubled in value from the same time last year.

The spike in construction permit value is a temporary effect, March permits remained at about the same level as 2010 when no new apartment complexes began construction.

"We believe it has to do with the fact that the city of Columbia issues a residential permit for apartments, for houses, for a variety of other things. So while housing is beginning to make a comeback, it's nothing like the two hundred and thirty plus percentage that you were seeing in the value," said Don Stamper, of the Central Missouri Development Council.

Stamper also said the cost of construction permits has significantly increased in the past four years.

More News

Grid
List
COLUMBIA (AP) — Police say they have arrested a man charged in an August quadruple homicide that occurred in... More >>
8 hours ago Saturday, December 16 2017 Dec 16, 2017 Saturday, December 16, 2017 11:15:00 PM CST December 16, 2017 in News
NEW BLOOMFIELD - A two-vehicle car wreck Saturday left one dead and two others injured, according to the Missouri State... More >>
11 hours ago Saturday, December 16 2017 Dec 16, 2017 Saturday, December 16, 2017 8:15:00 PM CST December 16, 2017 in News
COLUMBIA - An event in Columbia today addressed the prevalence of gun violence and misuse of firearms by offering gift... More >>
12 hours ago Saturday, December 16 2017 Dec 16, 2017 Saturday, December 16, 2017 8:04:00 PM CST December 16, 2017 in News
COLUMBIA – A six-year-old held a hot chocolate stand Saturday outside of a Hy-Vee in Jefferson City to help two... More >>
13 hours ago Saturday, December 16 2017 Dec 16, 2017 Saturday, December 16, 2017 6:51:00 PM CST December 16, 2017 in News
COLUMBIA - The Wyss Medical Foundation donated $2 million to the Missouri Orthapaedic Institute for the work of lead orthopaedic... More >>
14 hours ago Saturday, December 16 2017 Dec 16, 2017 Saturday, December 16, 2017 5:05:00 PM CST December 16, 2017 in News
COLUMBIA - On Friday, the Columbia Police Department inducted eight new recruits, the largest class of officers in years. ... More >>
16 hours ago Saturday, December 16 2017 Dec 16, 2017 Saturday, December 16, 2017 4:03:00 PM CST December 16, 2017 in News
JACKSONVILLE - An estimated 400 people attended a wreath laying ceremony Saturday at the Jacksonville State Veterans Cemetery. It... More >>
16 hours ago Saturday, December 16 2017 Dec 16, 2017 Saturday, December 16, 2017 3:31:00 PM CST December 16, 2017 in News
COLUMBIA – Graduation day is long awaited by many and Amy Kiso Bledsoe is no exception. Bledsoe was... More >>
17 hours ago Saturday, December 16 2017 Dec 16, 2017 Saturday, December 16, 2017 2:47:00 PM CST December 16, 2017 in News
ST. LOUIS (AP) — As Missouri struggles with the epidemic of opioid abuse, no place in the state has been... More >>
18 hours ago Saturday, December 16 2017 Dec 16, 2017 Saturday, December 16, 2017 1:10:14 PM CST December 16, 2017 in News
BOONE COUNTY - A furnace malfunction caused a fire in a trailer home on Pratherville Road Saturday morning. Gale... More >>
19 hours ago Saturday, December 16 2017 Dec 16, 2017 Saturday, December 16, 2017 12:05:48 PM CST December 16, 2017 in News
KANSAS CITY, Mo. (AP) — People returning to Kansas City after being released from prison will get a 90-day supply... More >>
20 hours ago Saturday, December 16 2017 Dec 16, 2017 Saturday, December 16, 2017 11:25:12 AM CST December 16, 2017 in News
BOONE COUNTY - Firefighters responded to a shed fire off of Highway 40 near Rocheport Saturday morning. Boone County... More >>
22 hours ago Saturday, December 16 2017 Dec 16, 2017 Saturday, December 16, 2017 10:04:00 AM CST December 16, 2017 in News
KANSAS CITY, Mo. (AP) — Officials with the University of Missouri-Kansas City say students will soon have access to state-of-the-art... More >>
23 hours ago Saturday, December 16 2017 Dec 16, 2017 Saturday, December 16, 2017 8:16:45 AM CST December 16, 2017 in Continuous News
COLUMBIA - Cat cafes have popped up across the world in cities including New York City, London and Tokyo, and... More >>
1 day ago Saturday, December 16 2017 Dec 16, 2017 Saturday, December 16, 2017 7:36:00 AM CST December 16, 2017 in News
JEFFERSON CITY - Some Jefferson City kids are getting the chance at a Merry Christmas this year with the help... More >>
1 day ago Saturday, December 16 2017 Dec 16, 2017 Saturday, December 16, 2017 12:00:00 AM CST December 16, 2017 in Top Stories
COLUMBIA - The Missouri State Highway Patrol has confirmed it has fired Trooper Anthony Piercy. KOMU 8 spoke to... More >>
1 day ago Friday, December 15 2017 Dec 15, 2017 Friday, December 15, 2017 8:42:00 PM CST December 15, 2017 in News
COLUMBIA - St. Louis officers arrested a suspect that was on the run in a duplex on Sears Court in... More >>
1 day ago Friday, December 15 2017 Dec 15, 2017 Friday, December 15, 2017 8:29:00 PM CST December 15, 2017 in News
COLUMBIA - The application for the top education position in the state, Missouri State Education Board Commissioner, opened Friday leaving... More >>
1 day ago Friday, December 15 2017 Dec 15, 2017 Friday, December 15, 2017 8:02:00 PM CST December 15, 2017 in News
Columbia, MO
Broken Clouds 42°
9am 44°
10am 46°
11am 46°
12pm 47°

Select a station to view its upcoming schedule:

Coming Up Next

8:00a
Sunday TODAY with Willie Geist
9:00a
Meet the Press
10:00a
Give
7:30a
In Touch with Dr. Charles Stanley
8:30a
The Key of David
9:00a
Campmeeting

Tonight's Schedule

6:00p
Football Night in America
7:20p
Sunday Night Football
7:00p
The Christmas Bunny
9:00p
KOMU 8 News @ Nine on The CW
9:30p
Family Guy