ODESSA- The City of Odessa says they're in the strongest economic times they have ever experienced. As we know, that comes after the high demand in the oilfield. But as people and businesses are moving in the city, that increase could also put a strain on local developers trying to keep up.
City officials say they're estimating to add 1.1 million square feet of new business by the end of this year.
From apartments to businesses to hotels, over a dozen renovations are in the works for the City of Odessa and that's on top of all of the new construction coming in.
"For Odessa, this past year we added 1,750 businesses to our economy and has been 2,330 since 2010. Things are going in every sector out here and especially in the oil," Odessa Economic Development Director, Guy Andrews, said.
And local developers are working at a rapid pace just to keep up.
"It's probably quadrupled what it was in one time. It's very very busy," CEO of Blount Construction Inc., Eldon Blount, said.
Blount Construction is currently in their second phase of building homes in the Castle Ridge Estates area.
"It's been very difficult to keep up I guess with trying to get everything in. We're selling the builders, the builders are asking so they can build homes and the construction people as far as the streets and different things, they're backed up. They're trying to help everybody else. So it's really a challenge from day to day," Blount said.
Odessa city officials say the increase of population results in challenging city infrastructure and highway systems.
"Over time, I believe that we have the potential to catch up with that. It's just that everything happened so fast this time that there needs to be a leveling out period. I believe this is a very sustainable economy, the big players are in here, companies we haven't seen before, it's the place to be in the United States," Andrews said.
Another problem that we are seeing is employers are having a difficult time recruiting people to come into the area because of the housing problems, but the city remains optimistic saying once that's resolved more people will start to move into the area and will eventually level out.