Development on the up and up in Sioux Falls - KSFY News - Sioux Falls, SD News, Weather, Sports

Development on the up and up in Sioux Falls

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In 2013, Sioux Falls broke its building permit record -- totaling more than $520 million.

This year seems to be just as promising. And the numbers are catching the attention of developers outside our state. 

Kansas City based Fairway Suites wants to develop a hotel near Elmwood Golf Course.

Brian Burton of Fairway Suites says he never thought he'd be in development here in Sioux Falls ten years ago. But he says that all changed about 18 months ago when Sioux Falls came flying onto his radar.

"Our local economy cannot be stronger. It is the envy of nearly every big city across America," said Darrin Smith, Director of Community Development in Sioux Falls.

Burton agrees. He's on the lookout for the next big city to develop in -- looking for things that are changing a particular location for the long term.

"Sioux Falls is the city in this part of the country, no doubt about it," said Burton.

So what was it that caught his eye?

"The arena happened to be the focal point for us. Once we found out the arena was going in, we  started taking a harder look at the market and then we found this place on the Elmwood Golf Course in that city," said Burton.

A revenue-sharing component makes this hotel project even more appealing to the city. A portion of the dollars will stay on site and go directly into enhancing Elmwood Golf Course.

"And additionally we have some  lump sum amounts to help pay for portions of the project and enhance the golf course up front on day one," said Smith.

Smith says Sioux Falls is hot right now.

"We are really transitioning to a little city to a real city and a real center of attention in terms of private investment and capital pouring in. And people like Fairway Suites and others have discovered the success we're having here. Our arrow is pointing up in so many ways. I would not trade our future in Sioux Falls for that of any other city in America," said Smith.

Groundbreaking on the hotel is expected to be this fall or early next spring. The total cost of the hotel project should be around $10 to $12 million.

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