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$- <br /> $2,000,000 <br /> $4,000,000 <br /> $6,000,000 <br /> $8,000,000 <br /> $10,000,000 <br /> $12,000,000 <br />2008 2009 2010 2011 2012 2013 2014 2015 2016 <br />Total Valuation of Commercial and Industrial Permits <br />2008-2016 <br />Source: City of Hugo <br />Figure 2-13 <br />Image Placeholder <br />Table 2-5 Valuation of New Commercial and Industrial <br />Building Permits <br />Year New Commercial and <br />Industrial Building Permits Total Valuation <br />2008 9 $ 4,211,000 <br />2009 9 $ 1,995,000 <br />2010 5 $ 978,000 <br />2011 7 $ 628,000 <br />2012 9 $ 10,318,456 <br />2013 8 $ 5,051,348 <br />2014 4 $ 993,187 <br />2015 4 $ 325,000 <br />2016 6 $ 4,029,600 <br />2017 6 $ 4,339,000 <br />26COMMUNITY BACKGROUND2040 COMPREHENSIVE PLAN UPDATE <br />DRAFT Dec14-17 <br />for review only <br />DRAFT Dec14-17 <br />for review only <br />Commercial and Industrial Building Permits <br />Table xx shows that since 2008, there have been building permits <br />issued for approximately $32,868,591 of commercial and industrial <br />development in the City of Hugo. Significant development has <br />occurred in the Bald Eagle Industrial Park, with continued development <br />in the commercial retail portions of Victor Gardens�