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Report: Construction costs likely to rise in Milwaukee next year

Crews work in April on the 25-story office tower BMO Harris Bank is having built in downtown Milwaukee across Wells Street from city hall. The high-rise is just one of many projects that have contributed to the city’s unprecedented building boom of recent years. Officials at Mortenson Construction recently released a report finding that demand for construction services is likely to remain strong in the Milwaukee area next year even as materials prices rise and economic recession becomes a real possibility. (Staff photo by Dan Shaw)

Although a steady backlog of work is expected to keep commercial contractors busy in Milwaukee next year, the city’s tight labor market could continue to drive up costs even as an economic slowdown looms, according to a recent report.

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