According to data collected by the city of Franklin, the hefty value of construction within city limits has dropped since hitting a peak in 2017.
A slight slowdown occurred in 2018, followed by a more dramatic dropoff in 2019.
Assistant Director for Building and Neighborhood Services Alex Brown briefly presented the development numbers over the past three years during a Franklin Board of Mayor and Aldermen meeting Tuesday night.
Building permits issued by year:
Total construction value:
Total number of new dwelling units:
The city also collected a difference of approximately $6.6 million less in 2019 in road impact, water and sewer, and building permit fees, as compared with 2017.
The biggest portion of that number came from the nearly $5 million difference in road impact fees, from $11.3 million in 2017 to $6.5 million in 2019.
Brown called 2017 “an outlier, a very high number for the city of Franklin.”
“There’s been a decrease,” he said, “but still pretty high numbers.”