- The construction of new prisons in South Dakota, initially budgeted at $390.9 million, is experiencing significant cost overruns. - The price could rise to $656.2 million due to a $27 million shortfall for the women's prison in Rapid City and an additional $238.2 million for the men's prison in Sioux Falls. - Inflation, supply chain issues, and workforce shortages could further escalate costs, potentially exceeding $1 billion. - The project, which aims to employ around 400 people, was introduced in 2023 and is expected to complete by 2026. The progress in the coming years is crucial given these challenges. Additional information on <Source>
According to the 2020 US census, the population of Rapid City, SD was 76,541.
The average property price in Rapid City, SD is $346,959.
The property prices in Rapid City, SD are currently on an increasing trend.
The average rent value in Rapid City, SD is $1,360.
The average household income in Rapid City, SD is $81,183.