Public sector spending on new institutional construction in New York City outpaced private spending during a recent two-year period, according to a building industry report.

The New York Building Congress reported Monday that the city’s private and public institutions initiated $8.1 billion of construction projects from May 2008 through April 2010 with public sector projects totaling $4.87 billion, or 60%. Data for comparison of previous years’ spending was not available. The report covered new construction as well as renovation and alteration projects that began during the period, and refers to the value of the projects upon completion.

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