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Thursday, Aug. 25, 2016

Boom year: Housing is improving in Sikeston

Sunday, December 25, 2005

SIKESTON -- Housing in Sikeston made gains in both quantity and quality in 2005.

Although the number of building permits for single-family residential construction and the total estimated value is down from 2004, 2005 was still "one of the better years for construction" over the last five years, according to Trey Hardy, community redevelopment coordinator.

In 2005, approximately 40 single-family residential building permits were issued for an estimated value of $7.3 million. The previous year, around 53 permits of this type were issued with a value of about $10.3 million.

Most of the residential construction boom over the last couple of years has been located around Col. George E. Day Parkway, according to Hardy, where three additions were platted and approved on its south side this year.

With pressure from the Land Clearance Redevelopment Authority and the city's code enforcement division, property owners invested significant amounts of money in 2005 into existing structures as well.

Figures tracked by the city under the heading "additions, renovations and alterations" include a variety of improvements to existing structures, such as room additions, as well as the construction of secondary buildings on properties such as garages and carports, according to Hardy.

Many of the projects under this heading for 2005 were projects in which owners were "sinking money into a structure that was in bad shape," Hardy said.

Nearly $200,000 was spent in 2005 for the rehabilitation of dilapidated and burned-out structures just within the LCRA target area, according to the city's data, with another $60,000 spent for these projects outside the LCRA's area.

Another $116,000 was invested in properties within the LCRA's area for improvements such as room additions and garages.

Hardy said the data on residential housing construction pretty much speaks for itself.

"The LCRA is having a positive effect within the targeted area," he said. "The LCRA is not only ridding neighborhoods of dilapidated structures they have acquired, they are also having a positive effect with people doing repairs and making their properties acceptable for neighborhoods."