Building permits down, but city expects to collect more fees
Published: November 15,2011
Tags: building permits, commercial construction, commercial development, construction, fees, houses, municipal government, real estate, residences, residential construction, residential development, revenues. homes
OLIVE BRANCH — Olive Branch may record fewer residential building permits this year than ever before, but the city still expects to collect more in permit fees because of big-box business development.
The Commercial Appeal reports city officials collected $296,000 in building permit fees last year but expect to collect $375,000 this year, an increase of $79,000.
The bulk of fees are collected through new or renovated businesses and industries. Permit fees are based on the value of the building being constructed.
Mayor Sam Rikard said revenue would be up for 2011 because of companies like Anda Distribution, a generic pharmaceuticals distributor, decided to invest in Olive Branch.
Meanwhile, the city is on track to issue about 90 single-family building permits this year, seven fewer than the smallest amount on record.
To sign up for Mississippi Business Daily Updates, click here.
Twang & Tourism: The Country Music Trail
Still planning that summer vacation?
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- Seafood R’evolution set to make Mississippi ‘the new culinary epicenter of the South’
- Yarber could be sworn in today as new Jackson mayor
- After review, MSU moves forward on new research facility
- Pharma Pac lays off rest of workers; could end up owing state
- Ole Miss launches commitment to be 'climate neutral'
- SpaceX, Stennis officially open new rocket test stand
- Gulf LNG terminal mulling export opportunities
- Acco Brands investing $1.6M, adding 162 workers
- Secretary of State's Office transitioning to new location