Design firms across the mountain states are reportedly suffering the same malaise: financially stalled projects, a sluggish economic recovery and too much competition for shrinking public-sector work.
An AIA Architecture Billings Index national survey of April business activity confirms at least part of the story, with 63% of firms surveyed reporting they have at least one project stalled from a lack of financing and that the average value of those projects is almost $50 million per firm.