Agenda - Parks and Recreation Commission - 04/10/2014

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Ramsey Experience Ramsey is a rural community about 15 miles from the developing edge in Fridley and Spring Lake Park. Portions of Ramsey experience significant large -lot development as the edge of metropolitan growth expands to Coon Rapids. Development in Ramsey slows down from 1970s pace, though nearby Coon Rapids rapidly grows. Adjacent Anoka, which was a freestanding river community for many years begin to experience suburban development. Edge of contiguous development expands to nearby Andover as Ramsey begins to experience suburban development. Pace of construction in Ramsey increases, which is similar to metro -wide construction trends that substantilly exceed the pace of the 1990s. Important Developments/Milestones 16 -County metro area surpasses 2 million people. Interstate freeway system is introduced. Interstate freeway system is mostly developed making once rural/exurban areas more accessible. Mortgage interest rates hit record highs in the early part of the decade. 16 -county metro area surpasses 3 million people. In the core 7 - county region, 67,500 acres are consumed for 125,000 units, which is 1.85 units per acre. This compares to the 1980s when the ratio was 3.3 units per acre or the 1970s when it was 3.7 units per acre. Mortgage interest rates hit record lows in the early part of the decade. Where Development Occurred Vast majority of homes built at the developing edge, which is adjacent to the cities of Minneapolis and St. Paul. Sharp increase in number of units built in developed areas, but also sharp increase in units built in exurban areas to serve the needs of younger buyers who want single- family homes but can't afford to be close to the metro core. More homes built at the developing edge than previous decade. Sharp decline in the rural/exurban areas, likely the result of increased supply containing costs for closer -in unitsand a fuel crises in the early part of the decade. Homebuilding rebounds in the rural/exurban areas of the region. Tremendous growth in rural/exurban areas, but also a strong rebound in the developed core as rising land prices and demographics create a market for "urban" style living. Impact of Age Distribution Strong growth in the number of school -aged children increases demand for affordable single-family homes among young families. Strong growth in college-age persons increases demand for rental housing. Strong growth in number of younger adults results in strong demand for rental housing and very affordable single-family homes. Very strong growth in the age groups skewed toward single-family homes. Significant growth beginning to occur among age groups in the highest income years. Absolute decline in the age groups skewed to renting; age groups skewed toward single-family housing account for all the population growth. Strong growth spread among most age groups; young age groups rebound (Baby Boomlet) and seniors grow substantially as well. Age groups in the peak earning years (45 to 64) grow as well. Level of Pent -Up Demand Slight pent-up demand by end of decade. Slight oversupply of housing by end of decade. Significant oversupply of housing units by end of decade. Oversupply of 1980s leads to less construction in the 1990s, which results in huge pent-up demand by end of decade, especially since the number of in - migrants to the region far exceeds projections. Pent-up demand at end of 90s leads to rush among builders to build more units, which results in current oversupply. c 0) N LC)V C • In C.3 7 co co co co 0) 0) LO (.7.r v N - C 2 „m _ 0 co (00 co-,- 00) co O o co w N 0 0) N 0) N 0) N 0) O O Appendix A-18 City of Ramsey 2030 Comprehensive Plan