Residential Development Analysis June 2017 STAKEHOLDER PRESENTATION. Don Smith Planning Consultant Office: Cell:

Transcription

1 Residential Development Analysis June 2017 STAKEHOLDER PRESENTATION Don Smith Planning Consultant Office: Cell:

2 Colorado Springs Economic Outlook 2.9% unemployment in May Combined sales and use tax through May (April Collections) is up 11.3% over the same period in Ballot issue 2C, Road Tax, is up 13.5% year to date over Public safety sales and use tax (.4%) and the trails, open space and parks tax (TOPS) are up 11.3% over Lodgers and auto rental tax are up 20.4% over Single-family home sales totaled 1,743 in June 2017 topping the record of 1,651 set in June Sale prices of existing homes have increased on a year-over-year basis each month since December 2017, or a streak of 31 straight months. (Median price $285,250) 2

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7 Check Of Homebuilders Estimate of New Construction vs. Actual Builds Since 2007, data supplied to the district by developers for projected versus the actual number of residential units completed has been documented for accuracy. The results are as follows: Single Family Units: 93.7% Single Family Attached Units: 75.3% Multifamily Units: Projections have been very inaccurate on an annual basis but very accurate if you look at the data over a multi-year period. 7

8 Commercial Construction Activity COSO2 Data Center Interquest and Federal Drive Victory Ridge (Colorado Crossing)---New theater, other commercial space, some residential and possible hotels. Sports complex to be located on the southern portion of the site. Memorial Children s Hospital NE corner of Powers & Old Ranch Road zoned commercial Highlands at Briargate Restaurant sites being developed along with a 40,000 SF medical office building to include urgent care and imaging facility, and an assisted living center. Polaris Pointe (Copper Ridge)---50 upscale lofts ($2,500/mo. rent), 5 additional restaurants considering area, and 750 seat auditorium. Interquest Commons--- gastropub (Back East Bar and Grill) and 2 new hotels (Springhill Suites 2018). 8

9 Major Growth Areas Of the District The major residential growth areas remain, for the most part, along Powers Boulevard from Woodmen Road on the south through Flying Horse Ranch on the north. The two outliers that are going to contribute to growth in the district are Sterling Ranch, located north of Woodmen Road and east of Vollmer Road, and The Farm located North of Interquest Parkway and west of Voyager Parkway. 9

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11 Growth Analysis

12 Utilization Factor % of design capacity that is occupied every period of the day: Elementary 90% Secondary 85% 12

13 Student Yield Standards Previous Academy 20 Student Yield Planning Standards By Housing Unit Type School Type Single Family- Single Family- Multifamily Detached Attached Elementary Middle High Total Academy 20 Student Yield Planning Standards By Housing Unit Type-Updated 2017 School Type Single Family- Detached Single Family- Attached Multifamily Elementary Middle High Total

14 Residential Development Projections Major Developers Data Date: March

15 Single Family Detached La Plata LLC Units Remaining Cordera North Fork The Farm Nor'wood Classic Wolf Ranch 3, Flying Horse 1, Sterling Ranch 2, TOTALS 10,

16 Single Family Attached Nor'wood Units Remaining Wolf Ranch Classic Flying Horse TOTALS 1,

17 Multifamily La Plata LLC Units Remaining Cordera North Fork Nor'wood The Farm Wolf Ranch 1, TOTALS 2,

18 Estimated Students Generated By New Construction By High School Attendance Area 18

19 Total Total Total Total Elementary Students Elementary Middle School High School Flying Horse SF The Farm SF The Farm MF Flying Horse SFA Middle School Students Flying Horse SF The Farm SF The Farm MF Flying Horse SFA High School Students Flying Horse SF The Farm SF The Farm MF Flying Horse SFA

20 Elementary Students Total Wolf Ranch SF Wolf Ranch SF-A Sterling Ranch SF Middle School Students Wolf Ranch SF Wolf Ranch SF-A Sterling Ranch SF High School Students Wolf Ranch SF Wolf Ranch SF-A Sterling Ranch SF

21 Elementary Students Total Cordera SF Cordera MF North Fork SF Middle School Students Cordera SF Cordera MF North Fork SF High School Students Cordera SF Cordera MF North Fork SF

22 Summary of Growth Area Additional School Needs Current Current Current Elementary Modulars Middle School Modulars High School Modulars High School Attendance Area Seats Needed In Use Seats Needed In Use Seats Needed In Use Discovery Canyon High School Existing Schools: Antelope Trails 1 Discovery Canyon Discovery Canyon da Vinci Discovery Canyon 1 Sites Available: The Farm Liberty High School Existing Schools: Explorer 3 Timberview 3 Liberty 6 Frontier 2 Pioneer 2 Prairie Hills 3 Ranch Creek 2 Sites Available: Wolf Ranch PreK-12 Wolf Ranch PreK-12 Wolf Ranch PreK-12 Wolf Ranch North Cumbre Vista Pine Creek High School Existing Schools: Chinook Trail 3 Challenger 3 Pine Creek 4 Mountain View Edith Wolford Sites Available: North Fork Chinook Trail TOTALS 1,

23 Help Is On The Way!!! November 8, 2016 Bond Issue: 2 Elementary Schools 1 Middle School Center For innovative Learning Discovery Canyon Campus Addition Liberty High School Addition Pine Creek High School Addition School In The Woods 23

24 THIS IS NOT THE END!!!!!! Units Remaining To Be Build In Growth Area Beyond 2022 Estimated New Students Beyond 2022 Single Family Units Estimated Students: Cordera 183 Elementary School North Fork 0 Single Family ,857 The Farm 171 Single Family Attached Wolf Ranch 2,820 Multifamily Flying Horse Sterling Ranch 2,249 Middle School TOTAL REMAINING 6, % Single Family ,096 Single Family Attached Single Family Attached Multifamily Wolf Ranch Flying Horse 213 High School TOTAL REMAINING % Single Family ,280 Single Family Attached Multifamily Multifamily Cordera North Fork 132 The Farm 0 TOTAL ELEMENTARY 2,130 Wolf Ranch 1,698 TOTAL MIDDLE SCHOOL 1,227 TOTAL HIGH SCHOOL 1,400 TOTAL REMAINING 1, % 24

25 QUESTIONS 25