Building boom will continue in ’07

December 29, 2006 12:00AM

Deputy Mayor for Economic Development Dan Doctoroff said that construction spending in the city increased last year by about 5 percent and that he believes spending will continue to increase over the next three years. New York City construction spending reached a record-setting mark of approximately $21 billion this year. Much of the new construction in the next few years will come in the form of commercial development, according to industry experts. more [Sun]

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