Kenmore Repair, Milton, GA, (678) 298-9366
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Electrolux Repair, Mountain Park, GA, (678) 298-9368
Electrolux Repair, Rockbridge Rd, Mountain Park, GA, (678) 298-9368, Specializing in Electrolux Appliance Repair services. Servicing Electrolux Refrigerator, Electrolux Oven, Electrolux Stove,...
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Bosch Repair, Waukegan, IL, (847) 984-1584
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Bryan Mitchell | Bloomberg | Getty Images
A SkyTrak telehandler holds building materials aloft at a residential housing construction site on Scotten Avenue in Southwest Detroit, Tuesday, Nov. 18, 2014.
September's construction outlays were revised up to show only a 0.1 percent drop instead of the previously reported 0.4 percent fall. Economists polled by Reuters had forecast construction spending rising 0.6 percent in October.
The upbeat construction data suggests some momentum in the economy early in the fourth quarter. Weak durable goods orders data has raised concerns of a sharp moderation in the pace of growth in the final three months of the year.
The economy grew at a 3.9 percent annual pace in the third quarter.
Read More Big investors pull back on housing
In October, private construction spending increased 0.6 percent, with outlays on residential projects recording their biggest rise since December of last year. Residential spending was boosted by increases in both single and multi-family homes as well as renovations.
Spending on public construction projects increased 2.3 percent in October, buoyed by a 19.3 percent surge in federal government outlays, the largest such increase since October of 2006.
State and local government investment increased 0.9 percent after two straight months of declines.
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Construction spending logs biggest gain in 5 months
$1.8 million TIF for apartments, height bonus for 15-story tower
By Mitchell Schmidt, The Gazette
December 3, 2014 | 8:06 am
IOWA CITY The Iowa City Council has given the green light to provide financial aid to a local developers plans for a Riverside Drive apartment complex and has approved the requested height bonus for a proposed 15-story tower.
The council approved Tuesday $1.8 million in tax increment financing rebates to Emrico Properties to help fund a $16.1 million apartment building on the former site of Hartwig Motors, 629 S. Riverside Drive, in the citys Riverfront Crossings district.
While the vote was unanimous in favor of the nine-year rebate, Mayor Matt Hayek said he was initially hesitant of the resolution.
"I will be a very reluctant supporter of this," Hayek said. "The thing that gets me over the boundary, the ledge, to be able to support this is the catalyst factor."
The four-story, U-shaped building would include a mix of studio, one- and two-bedroom apartments and eight three-bedroom apartments. Twelve of the 96 units in the building will be geared toward workforce housing and 71 parking stalls will be included beneath the building with parking for another 105 vehicles behind the complex.
Stressing sustainability, the building proposes solar panels on the roof and recycling centers on each floor.
City staff estimate the sites property value to increase from about $50,000 per year to about $320,000 annually with the building.
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Iowa City Council approves requests from two developments
