RAPID CITY, S.D. (KEVN) - Rapid City Regional Hospital is plunking down a lot of cash on its advanced orthopedic and sports institute. As a matter of fact, at $34.9 million it is the third highest-valued building permit in the city’s history.
This puts the city’s 2017 total valuation over $300 million mark; the second consecutive year that level was reached. Last year's $320 million in total permit valuation was a record high.
The hospital permit is third only to Black Hills Corporation's final permit of $45.8 million in 2016 for the Black Hills Energy headquarters facility on Mount Rushmore Road; and the $38 million hospital permit earlier this year for its phase two expansion.
"This large permit is an exclamation point on a very solid year for building activity in Rapid City," said community development director Ken Young. "Starting with 2011, we experienced five consecutive years with total building valuation in excess of $200 million and the last two years we will be in excess of $300 million. Those numbers reflect continued growth in our community."
Total numbers for December and 2017 will be release in early January.