As most people reading this likely know, construction is booming across the State of Minnesota. For the past few years construction in the state has been at very high levels, and it does not look like 2018 will be any different. On November 7, 2017 voters approved approximately $1.3 billion in Bonding for Minnesota Schools. In earlier Bonding referenda during 2017 Minnesota voters had separately approved over $240 million in bonding throughout the state. This money will be used for building, technology, and capital improvements for Minnesota Schools throughout the state. A little over $1 billion of the bonding referenda approved on November 7 was in the metro area, with Anoka-Hennepin voters alone voting yes on $249 million Bonding Referendum, the largest in the state in two decades.
This year’s bonding referenda success follows approval of over $450 million in bonding for construction and capital improvements in 2016 and almost $1.9 billion in approved bonding for construction and capital improvements throughout the state in 2015. Much of the construction approved in 2015 and 2016 is ongoing with substantial work remaining. Between the large amounts of school construction that is underway, or will be getting underway in 2018, and the high levels of other construction throughout the state, the industry looks to remain quite busy in Minnesota for 2018 and beyond.