Laserfiche WebLink
Assumptions and Projections: Population/Households/Employment '• <br />The City's population will remain relatively stable between 2010 and 2030 following a <br />slight increase (just under 10%) between 2000 and 2010. A decline in household size will <br />be offset by an increase in the number of households. In addition to the 189 new units <br />constructed in Falcon Heights Town Square (and included in the projection for 2010), the <br />City will need to provide housing for an additiona1208 households by 2030. <br />The only way the City can experience appreciable growth is if the University of <br />Minnesota substantially increases its supply of student housing or sells some of its <br />agricultural land for private development. Although both options are considered unlikely, <br />the City must take them into account when planning future land use in case the <br />University's plans change. <br />Due to the lack of vacant land that can be developed, the City will concentrate on the <br />maintenance of neighborhoods and redevelopment as means to maintain the City as a <br />viable community. Unless the University makes part of its land available for <br />development, the expected need for additional housing units will be accommodated <br />through redevelopment of existing multi-family and commercial properties along the <br />Larpenteur Corridor. <br />Because of the lack of privately owned vacant land for commercial development, <br />employment is unlikely to show much net change by 2030. The decrease caused by the <br />departure of Harvest States and Hewlett Packard will be offset by a slow growth of jobs <br />on the University campus. Limited employment growth may also occur through <br />redevelopment or more intense use of the T.I.E.S. and TCCU facilities, which are both <br />underutilized, and the Hermes nursery site. <br />Due to the City's relatively small population base and limited resources, it will satisfy <br />many of its servicing demands through service sharing arrangements with other units and <br />levels of government. The City will not increase servicing levels appreciably. The City <br />will take advantage of new technologies to make services more readily available without <br />staffing increases. <br />• <br />Assembled Elements, Draft 1 FH Comp Plan 2007 Page 8 of 42 <br />