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Wednesday, February 22, 2012
www.blscourierherald.com
‘Piggyback Bandit’ headed back to WA
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What’s Inside
By Brian Beckley Staff Writer
Classified ...................................Page 13 Views...............................................Page 7 Sports ............................................Page 9 Education......................................Page 5 Pets...................................................Page 6
Weather Expect cloudy skies and rain today, Wednesday, with a daytime high temperature in the low 50s. The story is much the same for the next couple of days, with showers and overnight temperatures dropping to about 40.
Wait, there’s more! Not all of our news fit inside the pages of this week’s Bonney Lake and Sumner Courier-Herald. Be sure to check out www.blscourierherald. com for updated sports reports, additional school stories, expanded stories from the print edition and police blotters from both Bonney Lake and Sumner.
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A worker lays shingles on a roof on a new home under construction in the Panorama West neighborhood of Bonney Lake. Photo by
Brian Beckley/To view or buy photos go to www.blscourierherald.com.
Report: New homes add millions to the local economy By Brian Beckley
T
Staff Writer
he sounds of nails being blasted into lumber and shingles being laid on rooftops ring out across the Panorama West neighborhood of Bonney Lake, but according to a report at this week’s city council meeting, to a city, home construction makes a different sound: Cha-ching. According to economist Elliot Eisenberg, whose hour-long presentation titled “The Metro Area Impact of Home Building in Bonney Lake, Wash.: Income, Jobs and Taxes Generated” opened the Feb. 14 council meeting, the economic impact of a new home can be up to approximately $1.3 million in the first year with a continuing contribution of nearly $86,000 per year once people move into the home.
“Houses being built here in the city are bringing a tremendous amount of gross revenue to the community and a tremendous amount of net income … to the overall community,” Eisenberg said. According to Eisenberg, there are three phases of economic impact that revolve around house construction. First comes the “construction phase” and the “ripple phase” which lasts about every eight months and generates revenue to the city through permit costs as well as providing an influx of cash into the retail economy through the supplies needed and the wages paid to - and presumably spent by - employees. “This generates a lot of economic steam,” Eisenberg said. “As this money gets spent it courses through the economy.”
See Houses, Page 12
Police in Bonney Lake and around the state are asking residents to keep their eyes open for a man known as the “Piggyback Bandit” who this week was put on a bus in North Dakota Sherwin Shayegan and sent back to his home state of Washington. Sherwin Shayegan of Bothell
See Bandit, Page 4
Dieringer levy passes with 59 percent By Brian Beckley Staff Writer
Dieringer School District voters appear to have easily approved a two-year maintenance levy that makes up 32 percent of the district’s budget. As of Thursday, the levy was passing with 59.7 percent support. The levy will provide the district with $5.45 million in 2013 and $5.75 million in 2014.
See Levy, Page 4
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