The cranes have come back to Denver and not the winged sandhill variety either. As of February, 22 tower cranes were operating at various construction sites in Denver’s core neighborhood, according to the latest Crane Index Report from construction industry consulting firm Rider Levett Bucknall, or RLB. That’s a 22% jump over the 18 cranes RLB counted in its last bi-annual survey, conducted in August.  A year ago, in the first financial quarter of 2020, before the COVID-19 pandemic began to fully exert an influence on the economy and the construction industry, there were 25 tower cranes in central Denver. “What RLB has found is that crane count that we do is a very easily discernible pointer to the health of the industry,” said Peter Knowles, an executive vice president with the company based in Denver. The quick return of tower cranes to the Denver skyline tells Knowles that while the construction industry certainly suffered some bumps and bruises during the pandemic — some brought on be projects being delayed and some from disruptions to the supply chain — the economy did not take a drastic step back like it did after the 2008 financial crisis. “We thought we were going to see another depression like we saw last time around when the volume of work in the marketplace shrank drastically,” Knowles said.

 

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