There was very little change from 2023 to 2024 in the number of park respondents who report that they have plans for construction
over the next several years. Nearly three-quarters (74.6%) of park respondents in 2024 said they were planning construction, representing virtually no change from 74.3% in 2023. This compares with 65.4% of non-park respondents in 2024 who have plans for construction.
Park respondents were most likely to be planning renovation to their existing facilities. More than half (55.3%) of park respondents in 2024 said they were planning renovations, up from 54% in 2023. Another 36.9% of park respondents were planning to build new facilities (up from 34.3%), and 31.5% were planning to make additions to their existing facilities (down from 36.7%).
The median budget for construction spending for park respondents in 2024 was $2 million, double the median cost in 2023 of $1 million.
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