The design and construction industry accounts for one in nine dollars of our Gross Domestic Product (12%). This industry has disproportionally suffered during
our economic decline, with a downward spiral of 35-50% losses since 2008. McGraw-Hill Construction data indicates a decline of 43%. The loss of jobs has
In this weak economy, there is no better investment than building. In addition to putting so many Tennesseans back to work, the cost of goods and services is also down between 20-40%. Previous price declines in metals, lumber and plywood have provided unprecedented value in new buildings and renovations. Higher education is challenged as never before. The lottery bonanza that promises college educations to so many Tennesseans has stressed college campuses as never before. With record enrollment, colleges need buildings to educate and house these new students.
AIA Tennessee urges legislation to issue and sell direct general obligation interest-bearing bonds to be used for the purposes of capital outlay and maintenance.
Please support a bill that allows Tennessee to take advantage of low cost in leaner economic times.