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15 years
<br />30 years
<br />40 years
<br />50 years
<br />60 years
<br />70 years
<br />80 years
<br />90 years
<br />100 years
<br />Table D
<br />Commercial /Industrial Square footage Building Rates to
<br />Absorb Commercial/Industrial Property Over a Specific Period
<br />Option 4 Option 5 Option 6
<br />459,413 577,315 527,512
<br />229,706 288,658 263,756
<br />172,280 216,493 197,817
<br />137,824 173,195 158,253
<br />114,853 144,329 131,878
<br />98,446 123,710 113,038
<br />86,140 108,247 98,908
<br />76,569 96,219 87,919
<br />68,912 86,597 79,127
<br />Option 7
<br />764,333
<br />382,166
<br />286,625
<br />229,300
<br />191,083
<br />163,786
<br />143,312
<br />127,389
<br />114,650
<br />Option 7A
<br />604,758
<br />302,379
<br />226,784
<br />181,427
<br />151,190
<br />129,591
<br />113,392
<br />100,793
<br />90,714
<br />Existing
<br />1,295,910
<br />647,955
<br />485,966
<br />388,773
<br />323,978
<br />277,695
<br />242,983
<br />215,985
<br />194,387
<br />Since the comprehensive plans are generally updated every 10 years, the supply of property for
<br />build -out should be longer than the 10-year period to allow for continued development. Based
<br />upon this analysis, the City should review the following possibilities for revision to the proposed
<br />Land Use Plan:
<br />1. Reduce the total amount of commercial/industrial property to reduce the length of
<br />absorption.
<br />2. Property removed from commercial/industrial should be added to single family residential
<br />property.
<br />3. Review look of community as it relates to level of multi -family housing stock compared to
<br />single family housing.
<br />
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