Laserfiche WebLink
Agenda Number FA <br />CITY OFHUGO COMMUNITY <br />DE``ELOPMF:N,T DEP.ART1bIEN'T <br />]Memorandum <br />TO: Hugo Planning Commission <br />FROM: Rachel Juba, Planner <br />SUBJECT: Met Council's Thrive MSP 2040 - Forecasts <br />DATE: October 4, 2013 for the City Council meeting of October 10, 2013 <br />1. BACKGROUND- <br />Thrive <br />ACKGROUND: <br />Thrive MSP 2040 is the Met Council's long-range plan for the seven county metro region. It <br />serves as the foundation of the Met Council's system plans and policies as we move towards the <br />upcoming 2040 Comprehensive Plan. During this process the Met Council develops preliminary <br />forecast for each city in the seven county area. The forecasts include population, households, and <br />employment numbers in 10 year increments. The forecasts are developed behind analysis of the <br />real estate market/market demand, infrastructure resources, and projections on growth in the <br />areas. <br />In September, the preliminary forecasts were released for comments to each city. The Met <br />Council would like comments in the forecasts by December 1, 2013. The Met Council will <br />finalize the forecasts in early 2014 for adoption. <br />2. PRELIMINARY FORECASTS: <br />POPULATION HOUSEHOLDS EMPLOYMENT <br />YEAR 2000 <br />12010 <br />2030 12040 <br />2000 <br />2010 2030 <br />12040 2000 <br />2010 2030. <br />2040 <br />HUGO 6,363 <br />13,332 <br />40,000 <br />23,200 2,125 <br />4,990 15,600 <br />10,300 1,917 <br />1,973 14,500 <br />3,500 <br />* Columns in grey are from the 2030 forecasts for the 2030 Comprehensive Plan. <br />Per discussions with Hugo's Sector Representative from the Met Council, the allocations for <br />growth have changed since their forecast for the 2030 comprehensive planning process. The <br />growth has been allocated away from the developing suburbs to the inner city. The Met Council <br />has stated that the changes are related to their analysis of a different mix of consumers, such as <br />more seniors, smaller households, and the entry of the millennial generation, as well as, <br />consumers wanting different a type housing, such as accessibility to amenities, housing for a <br />place to live versus investment, and connections to transit <br />The distribution of growth has dramatically changed with the 2040 preliminary forecasts. <br />