Institute of Social and Economic Research, University of Alaska Anchorage
2004 ALASKA CONSTRUCTION REVIEW
January 30, 2004
Association of General Contractors
Anchorage
Scott Goldsmith
Professor of Economics
Institute of Social and Economic Research, University of Alaska Anchorage
ALASKA 2001 GROSS PRODUCT$28.581 BILLION
OTHER PRIVATE76%
PUBLIC19%
CONSTRUCTION5%
Source: USDC, BEA 2001Construction = $1.384 Billion
Institute of Social and Economic Research, University of Alaska Anchorage
ALASKA 2001 PAYROLL$13.926 BILLION
OTHER PRIVATE57%
PUBLIC36%
CONSTRUCTION7%
Source: USDC, BEA 2001CONSTRUCTION IS 11% OF PRIVATE PAYROLL, $910 million in 2001 (includes benefits)
Institute of Social and Economic Research, University of Alaska Anchorage
“HIDDEN” CONSTRUCTION JOBS
•CONSTRUCTION UNDER COVER
•GOVERNMENT
•OIL AND GAS
•MINING
•SUPPORTING SECTORS
•MINING
•TRANSPORTATION
•UTILITIES
•MANUFACTURING
•FINANCE
•TRADE
•ENGINEERING
•OTHER BUSINESS SERVICES
Institute of Social and Economic Research, University of Alaska Anchorage
CONSTRUCTION SPENDING
PUBLIC $2,065
39%
PRIVATE $3,250
61%
TOTAL FOR 2004 $5,315 MILLION
Institute of Social and Economic Research, University of Alaska Anchorage
PRIVATE CONSTRUCTION
MINING
OIL
OTHER
RESIDENTIAL
INFRASTRUCTURE
COMMERCIAL
Institute of Social and Economic Research, University of Alaska Anchorage
OIL AND GAS
•2004 = $1,500
•NORTH SLOPE—MAJORS
•NORTH SLOPE—INDEPENDENTS
•COOK INLET
•ALYESKA
•REFINING AND MANUFACTURING
•LOOKING AHEAD
Institute of Social and Economic Research, University of Alaska Anchorage
MINING
•2004 = $300
•2 TIMES THE TREND
•POGO
•KENSINGTON
•DONLIN CREEK
•ROCK CREEK
•RED DOG, FT KNOX, GREENS CREEK, USIBELLI, TRUE NORTH
•MISCELLANEOUS EXPLORATION
•LOOKING AHEAD
Institute of Social and Economic Research, University of Alaska Anchorage
OTHER PRIVATE INDUSTRY
•2004 = $100
•OTHER INDUSTRIAL CONSTRUCTION IN RURAL AREAS
•INCLUDES TOURISM, SEAFOOD, TIMBER, OTHER
•EXAMPLE—DENALI PRINCESS LODGE UPGRADE
•LOOKING AHEAD
Institute of Social and Economic Research, University of Alaska Anchorage
RESIDENTIAL
•2004 = $700
•HEALTHY ECONOMIC GROWTH
•LOW INTEREST RATES
•ANCHORAGE—ANOTHER GOOD YEAR
•MATSU—HARD TO TOP LAST YEAR
•FAIRBANKS—NEW STRIKER BRIGADE AND OTHER DEVELOPMENTS MEANS A GOOD YEAR
•REST OF THE STATE—BUSINESS AS USUAL
•LOOKING AHEAD
Institute of Social and Economic Research, University of Alaska Anchorage
COMMERCIAL•2004 = $400
•COMMERCIAL IN STEP WITH RESIDENTIAL
•ANCHORAGE—OFFICE, HEALTH
•MATSU--HOSPITAL
•FAIRBANKS--RETAIL
•REST OF THE STATE
•LOOKING AHEAD
Institute of Social and Economic Research, University of Alaska Anchorage
INFRASTRUCTURE
•2004 = $250
•GENERAL ECONOMIC GROWTH DRIVES INVESTMENT
•COMMUNICATIONS
•ELECTRIC POWER
•UTILITY GAS
•TRANSPORTATION
•LOOKING AHEAD
Institute of Social and Economic Research, University of Alaska Anchorage
PUBLIC CONSTRUCTION SPENDING
HIGHWAYS
RAILROAD
DENALI
OTHER FED
OTHER SL
SCHOOLS
OTHER TRANS
DEFENSE
Institute of Social and Economic Research, University of Alaska Anchorage
DEFENSE
•2004 = $550
•2-3 TIMES THE LONG TERM AVERAGE, LIKE LAST YEAR
•STRYKER BRIGADE
•BASSET HOSPITAL
•MISSLE DEFENSE
•OTHER MAJOR BASE WORK
•COAST GUARD AND NATIONAL GUARD IN OTHER LOCATIONS
•LOOKING AHEAD
Institute of Social and Economic Research, University of Alaska Anchorage
HIGHWAYS
•2004 = $350
•TRENDING UP
•KENAI RIVER BRIDGE
•C STREET EXTENTION
•PARKS HIGHWAY REHAB AT SEWARD MERIDAN ROAD
•VALDEZ ROAD RECONSTRUCTION
•TOK CUTOFF
•PROJECTS THROUGHOUT THE STATE
•LOOKING AHEAD
Institute of Social and Economic Research, University of Alaska Anchorage
OTHER TRANSPORTATION
•2004 =$300
•ANCHORAGE INTERNATIONAL
•AIRPORTS THROUGHOUT THE STATE SUCH AS COLD BAY, NEW STUYAHOK, SAND POINT, EKWOK
•FERRY TERMINAL IMPROVEMENTS
•LOOKING AHEAD
Institute of Social and Economic Research, University of Alaska Anchorage
THE DENALI COMMISSION
•2004 = $100
•THIS TRACKS THE LAST SEVERAL YEARS
•ENERGY PROJECTS
•HEALTH CARE FACILITIES
• REMAINDER A VARIETY OF PROJECTS THROUGHOUT THE STATE—TEACHER HOUSING
•LOOKING AHEAD
Institute of Social and Economic Research, University of Alaska Anchorage
OTHER FEDERAL
•2004 = $300
•AGENCY SPENDING—NATIONAL PARK SERVICE
•GRANTS TO QUASI GOVERNMENTS--HUD
•GRANTS TO STATE GOVT—SAFE WATER
•GRANT PASS THRUS TO LOCAL GOVT—W,S,WW MATCHING GRANTS
•LOOKING AHEAD
Institute of Social and Economic Research, University of Alaska Anchorage
ALASKA RAILROAD
•2004 = $65
•THIS TRACKS THE LAST SEVERAL YEARS
•FRBKS INTERMODAL FACILITY
•BRIDGE REPLACEMENT
•ANCHORAGE OPERATIONS CENTER
•TRACK, BRIDGE REHAB
•TRACK STRAIGHTENING
•SHIP CREEK INTERMODAL FACILITY
•LOOKING AHEAD
Institute of Social and Economic Research, University of Alaska Anchorage
SCHOOLS
•2004 =$300
•GO BONDS AND DEBT REIMBURSMENT
•EAGLE RIVER HIGH
•OTHER URBAN
•RURAL
•LOOKING AHEAD
Institute of Social and Economic Research, University of Alaska Anchorage
OTHER STATE AND LOCAL
•2004 = $100
•MISCELLANEOUS LOCALLY FUNDED PUBLIC PROJECTS
•ROADS, DRAINAGE, PARKS, POLICE STATIONS
•LOOKING AHEAD
Institute of Social and Economic Research, University of Alaska Anchorage
2004 CONSTRUCTION RECAP$5.315 BILLION
$0 $500 $1,000 $1,500
OIL
RESIDENTIAL
DEFENSE
COMMERCIAL
HIGHWAYS
OTHER TRANS
SCHOOLS
OTHER FED
MINING
UTILITIES
MISC PRIVATE
DENALI
MISC PUB
ARR
Institute of Social and Economic Research, University of Alaska Anchorage
CONSTRUCTION PAYROLL HISTORY (MILLION 02$)
$0
$500
$1,000
$1,500
$2,000
77 79 81 83 85 87 89 91 93 95 97 99 1 3
Institute of Social and Economic Research, University of Alaska Anchorage
2004 ALASKA CONSTRUCTION REVIEW
January 30, 2004
Association of General Contractors
Anchorage
Scott Goldsmith
Professor of Economics
Institute of Social and Economic Research
University of Alaska Anchorage
