January 9, 2006—Delays in local building permit processes can be frustrating for architects and others in the construction industry. But beyond frustration, these delays also exact costs on local economies and public tax revenues, according to a study conducted by PricewaterhouseCoopers LLP that was commissioned by the Government Advocacy team of the American Institute of Architects (AIA).
The AIA study, being released to permitting and local government officials nationwide, concluded that reduced permitting times will encourage economic development and job creation for cities and counties with efficient permit processes. “Shortening permitting processes by 3 months on a 22-month project cycle could make the difference in the decision whether or not to undertake a project,” the study found. “Permitting delays increase costs, reduce returns on investment, and cause investors to seek other opportunities.”
For more information, visit the AIA Web site.
