Agenda - Council - 06/28/2016 - Laserfiche WebLink

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The maps atright highlight the communities that have seen the most household growth hv decade since the 1970s. Eden Prairie, Maple Grove, and Plymouth have remained among the 10 highest -growth communities in all four decades. The Counci|\uforecaoto to 2040 anticipate that significant growth inhouseholds will continue in the Suburban Edge and Emerging Suburban Edge. Communities inthese two designations have relatively ample supplies of undeveloped land and will attract almost half of the region'o forecasted household growth. At the same time, Council forecasts project aoignificantpivot of growth back into Urban and Urban Center communities. While these demographic shifts affect real estate demand, the region\uavailable land supply io also changing and adjusting to limits. Land costs are lower inEmerging Suburban Edge communities than more centrally located sites. However, the minimal future growth in regional highways will limit the expansion 0fthe regi0n'G urbanized area. Aahouseholds weigh the tradeoffs between cost and |ocation, the cost advantages ofthe suburban edge will diminish. Demand for central locations and accessibility will create opportunities that exceed the costs and challenges ofredevelopment, and more growth will be in areas with higher levels 0f urban services, including neighborhoods along tr8nGitvv8yc0rrid0rG. Redevelopment, infi|| development, and higher densities inthe older, urbanized, and most accessible parts ofthe region use existing regional infrastructure more efficiently, but can also becomplex and costly for developers and local governments. Housing challenges facing our region today and toni-orro, Aavveplan for the next 30years, key challenges lie ahead —housing preservation, rising housing HOUSING POLICY PLAN Figure 6: Top 10 growing cities by decade in the 1970s: in the 1990s: in the 2000s: Source, �S, Ce�u ��a�Metropolitan Council Regional Forecasts ONE� Hg3usinq formGrowing, 7hri*nggeqion