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 $ BILLION Source: USDC, BEA 2001Construction = $1.384 Billion

Institute of Social and Economic Research, University of Alaska Anchorage ALASKA 2001 PAYROLL $ BILLION 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 TOTAL FOR 2004 $5,315 MILLION

Institute of Social and Economic Research, University of Alaska Anchorage PRIVATE CONSTRUCTION

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

Institute of Social and Economic Research, University of Alaska Anchorage DEFENSE 2004 = $ 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

Institute of Social and Economic Research, University of Alaska Anchorage CONSTRUCTION PAYROLL HISTORY (MILLION 02$)

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