09/02/2008 Council Packet - Laserfiche WebLink

Home Search

• • • Chart 4 -4: Distribution of New Units by Type Pct. of Units Permitted to be Bui 100% 90% 80% 70% 60% 50% 40% 30% 20% 10% 0% 1 Distribution of New Units by Type 2000 -2005 1 Lino Lakes: Lino Lakes: Lino Lakes: Blaine Hugo Forest Total W of Park E of Park Source: M etropo litan Council; City of Lino Lakes Lake ❑ Multifamily • Tow nhouse o Single - Family Housing Demand in Lino Lakes Significant growth is expected to occur through 2030 in southeastern Anoka County and northwestern Washington County as this area is currently the developing edge of the northeast sector of the Twin Cities metropolitan region. Over the next 25 years, most of the growth in this area will likely occur in neighboring Blaine, Hugo, and Forest Lake, as these communities contain significant tracts of undeveloped land that will conceivably be developed and marketed to the largest and most active segments of the market. Depending on appropriate densities and accessibility of individual developments to goods and services, Lino Lakes certainly has the potential to absorb a portion of this growth. As of 2006, the Metropolitan Council forecasts that Lino Lakes will grow by approximately 2,200 households between 2000 and 2010, by 1,500 households between 2010 and 2020, and by another 1,500 households between 2020 and 2030. These figures appear to be influenced by city policy limits more than market demand. Revisions to the Met Council forecasts based on results of the market study are discussed in Chapter 1: Background. Given the regional housing trends presented in the previous section, the growth forecasts by the Metropolitan Council appear somewhat low, because pressure to develop at the contiguous edge of the metro area will increase in the near future as housing demand will be heavily influenced by the needs of older adults. Thus, some of the development that would have been expected to leap -frog past Lino Lakes and neighboring communities into southern Isanti and Chisago Counties over the next 25 years is likely to be captured at the contiguous edge, provided land is made available for development at densities that are financially feasible to most private developers. Furthermore, Lino Lakes clearly has enough land to accommodate a faster rate of household growth. For example, if Lino Lakes continued to develop housing units at its city policy rate (147 units per year) and density (1.7 units per acre), it would take about 57 years to exhaust the 4 -7