Posted: Feb 19, 2013 4:51 PM by Jessica Holley - email@example.com
Updated: Feb 19, 2013 6:47 PM
PORT ARANSAS - If you have traveled to Port Aransas recently you may have noticed a construction boom. City officials say they've seen a steady increase in the number of building permits issued over the past couple of years. They say it's a sign of an economic turn around. After a few slow years from 2007 to 2009, development in city has picked up once again.
"The growth in the area is exponential. It's a very early cycle market where there is more demand than there is supply. People are looking for quality places to spend their vacation within driving distance," says Jeff Lamkin, Cinnamon Shores Principal and Developer.
Port Aransas City Manager David Parsons says the city compared the number of building permits from the past few years. In December of 2005, 84 permits were issued with a total value of $795,000, but none of those permits were for new homes. Seven years later in January 2012, 189 permits were issued with a value of $2.8 million, 10 of those were brand new homes. And last month the city saw 252 permits go out with a value of $5.5 million,13 of which are for new homes. And remember, that is just for one month alone.
Many of the building permits being taken out here in Port Aransas are for second homes. And those people are coming in from Houston, Austin, San Antonio and even Dallas to build vacation homes.
"This town in particular I would expect 20 percent plus growth every year in the vacation rental market for all of Port Aransas including Cinnamon Shore," says Lamkin.
The construction is not only bringing more people to town, but will increase the amount of property tax brought in.
"We have a lot of responsibility cleaning the beach, need sales tax, we need revenues from taxes on homes," says City Manager David Parsons.
And all this growth and change will be an adjustment to some long time residents who remember Port Aransas as a quaint little beach town.
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