The Future Aint What It Used To Be Yogi Berra Eastern Sprawl - PowerPoint PPT Presentation

“The Future Ain’t What It Used To Be” Yogi Berra

Eastern Sprawl

Western Sprawl

Eastern Density

Western Density

27% of New Home Buyers2of New 7 • Families with Children • Projected to be 24% by 2020

75% of new homes constructed are detached single family structures on lots 5000 square feet or larger Kids and Cul-de-Sac's

61% • Single Head of Household • Married Couples without children • 50 % Single Female • Population over 55 years will grow by 50% by 2020

Vibrant Mixed-use Communities

• Gasoline $4.00+++ per gallon • Transit rider-ship up 16-40% • Rapidly aging population • Gen Y will be self-employed • Worldwide population will peak by 2030 • Quality over Quantity •Time deprived The Crystal Ball

• Connectivity • Diversity • Sustainability Guiding Principles- Smart Growth

• Connections within the village and the region • Links between land use and transportation • Sidewalks, trails and bike paths • Places to gather • Village Center Connectivity

• Options for people to live, work and play • Variety of housing choices • Employment mix • Transportation options – Commuter and light Rail, Bus Rapid Transit, Bus, Tram – New Roads to add more porosity – Bike lanes, sidewalks and walking trails • Retail opportunities • Civic Uses • Mix of residents Diversity

• Three integral elements of Sustainability: 1). Social interaction 2). Economic vitality 3). Environmental stewardship Sustainability

• Develop products that actually meet market SOFIA PARK demand PIAZZA VILLEBOIS THE PROMENADE • Create quality communities that will endure SW VILLEBOIS DRIVE SW TOULOUSE ST. SW COSTA CL. S SW BARBER ST. W SW ZURICH ST. M O N • Having a set of underlying community goals T B L A N C PALERMO SW RAVENNA LOOP PARK • Strong political will + great vision and resolute determination = Great Communities SW ORLEANS AVE. Execution

• Employ patient equity. Great Communities SOFIA PARK often cost as much as 20-30% more than PIAZZA VILLEBOIS conventional suburban development THE PROMENADE SW VILLEBOIS DRIVE SW TOULOUSE ST. • “Return Of” and “Return On” Equity typically SW COSTA CL. S SW BARBER ST. W SW ZURICH ST. M O N falls outside of traditional capital’s investment T B L A N C period. PALERMO SW RAVENNA LOOP PARK • Vision Without Execution is nothing more than a Hallucination SW ORLEANS AVE. Execution

Financial Characteristics of Downtowns with Critical Mass (Blue) versus Suburban Development (Red) + 250% Value Creation / Cash Flow ($) 200% 150% 100% 50% 0% 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Short Term Mid Term Long Term Time (years) Real Estate when viewed as a Long Term Asset Class