Petersburg building overall project valuation decreased slightly in 2015 compared to 2104. However residential and commercial building construction increased, according to a Petersburg Borough 2015 Building Permit Report.
In 2015, building valuation was $4 million compared to $5.3 million in 2014. The increase in local residential construction equated to around $2.7 million in 2015, an increase of more than $800,000 compared to 2014.
Commercial construction saw a slight downturn from $1.3 million to$1.1 million.
Overall project valuation decreased from last year because no public buildings wer...
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