Thursday, January 29, 2009

The Recession's Silver Lining

The economic recession, which is looking more and more like a depression, really sucks.

But it does have at least one silver lining: significantly lower construction costs.

Arlington County, which has a number of capital improvement projects pending, most notably the rebuilding of a number of ancient schools, is seeing new bids come in considerably lower than projected just a few months ago.

For example, a $100 million plus project to replace one of Arlington's high schools was recently put out to bid, with the winning bid about 25% lower--that's $25 million!--than had been anticipated.

So, if you've got any money left (ha!), now's the time to build.

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