SAN JOSE (CBS SF) – Thanks to a number of big projects like the 49ers stadium, hospitals and office building construction, things are going gangbusters for building companies in Silicon Valley.
“I’ve never been busier in my life,” declared Brian Zuckerman with a company that installs structural foundations in the area. “We did more revenue in the last quarter of 2011 than I did in the best half of any previous year.”
Santa Clara Vice Mayor Lisa Gillmor is hoping the new football stadium will infuse life into the area, much like AT&T Park did in San Francisco’s South of Market.
“This is going to be a catalyst that spurs additional development in this whole surrounding area, we’re looking at additional hotel rooms, additional new hotels, commercial, restaurants, shopping, all types of recreation,” she said hopefully.
By some estimates, the region’s unemployment rate – an estimated 30% in the construction trade – will make a drastic turnaround within a year.
KCBS’ Mike Colgan Reports:
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