Duke City Heats Up/Private Work Coming Back While Public Work Grows

摘要

Downtown is Sizzling and the west side is heating up as city redevelopment efforts on Central Avenue begin to pay off. Demand for housing in the Duke City also remains strong. The city finished 2003 with 20 percent more construction starts than in 2002, with nearly 350 million dollars in projects. Work in the private sector also is picking up, especially in the multi housing and retail markets. "Overall, the construction sector in Albuquerque is looking good," said Larry Waldman, a senior economist at the Bureau of Business and Economic Research at the University of New Mexico in Albuquerque. "We are showing a slow-growing construction sector, but it is growing."