CORRECTED: State's Largest Construction Projects Tally Falls to $1.5 Billion

by George Waldon  on Monday, Dec. 5, 2011 12:00 am  

"We've been looking at more private money projects than we have in a long time," Clark said. "I hope that's a sign that things have bottomed out and are improving.

"We're thinking our revenue is going to be around $100 million in 2012. We're very pleased and grateful."

Three other firms had five large projects each this year, VCC of Little Rock, Kinco Constructors LLC of Little Rock and Tate General Contractors Inc. of Jonesboro.

"We haven't had any slowdown in work," said Wayne Tate, president of Tate General Contractors. "We could've had some of those projects half done by now, but we were waiting on the architects to get the drawings to us.

"That tells me the architects are too busy, and that northeast Arkansas is doing fairly well."

Formed in 1970, TGC does most of its work within a 100-mile radius of Jonesboro. Four out of five of the company's projects on this year's list were linked with education.

Another trio of companies each registered four jobs in the 2011 list of largest commercial projects: Hill Cox Corp. of Hot Springs, East-Harding Inc. of Little Rock and Dayco Construction Inc. of Damascus.

Projects overseen by 35 general contractors made this year's list, down from 47 companies in 2010. The number of projects valued at $3 million or more fell to 104, down from 129 a year ago.

The completion of the Crystal Bridges Museum of American Art in Bentonville opened the No. 1 spot to the $126.5 million NEA Baptist Hospital complex in Jonesboro.

The project by Hoar Construction LLC of Birmingham, Ala., is among a dozen health care contracts bearing a combined value of more than $386 million in the 2011 list of largest commercial projects.

Cities registering double-digit counts of projects in this year's roster were a rarity. Little Rock had 19, followed by Jonesboro at nine and Fayetteville at eight.  Construction at the Little Rock Air Force Base boosted Jacksonville's total to five.

Batesville, Bryant and Conway each have four projects in the list, while Hot Springs, Monticello and North Little Rock each have three.

Seven cities were home to a pair of large commercial projects: Bentonville, Clarksville, Maumelle, Paragould, Rogers, Springdale and West Memphis.

(Correction, Dec. 6, 2011: What is actually the largest commercial construction project currently underway in Arkansas, the NEA Baptist Health Hospital Complex, was left out of the data provided by F.W. Dodge. The linked list has been updated to reflect that correction and other corrections have been made to the story to incorporate that project and its value. The list has also been updated to reflect a value of $52.6 million for the Southwest Power Pool project in Little Rock. The original list included only a portion of that project.)

 

 

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