This plan is reinforced by research from the University of Utah for the National Association of Realtors; there will be a shortage of small lot single family residential housing, and there will be over stock of suburban housing. Not suggesting we entirely change existing suburban areas, some people want that.
Limited resources to consider different approaches?Tool to consider different scenarios and evaluate them.
Focus is on providing choices, and responding to the market preferences. How do we get things built? Cooperation with developers and lending community, through innovative zoning.
There is a Better Way to Grow… <br />The Wasatch Choice <br />for 2040:Regional Vision for Land Use and Transportation<br />
Growth in Centers responds to market demand<br />Demographic trends:<br />First wave of baby boomers will be 65 in 2011<br />Largest number of millenials reaches 22 in 2012<br />One-third of future households will prefer to live in new “walkable” developments: smaller homes, townhomes, condos, with access to transit, jobs and amenities. We are far short of meeting this demand.<br />The Vision puts more new homes and jobs in walkable developments near transit stations. This preserves the character of existing suburban neighborhoods.<br />
Lower Taxes:<br />Infrastructure savings in the billions<br />$26 billion<br />$21.5 billion<br />Saves 17% or $4.5 billion over 20 years<br />Envision Utah Quality Growth Strategy; 1999<br />
Enhanced Mobility and Economic Growth<br />The Vision reduces traffic congestion by 18% <br />
Better Air Quality<br />Less driving and more transportation choices will lead to cleaner air<br />
Implementing the Wasatch Choice for 2040?<br />
Group I <br />Lead Members and<br />Institutional Operations <br />Group II <br />Capital Participants <br />Group III <br />Consortium Participants<br />and more…<br />
Programs <br />Develop dynamic computer-based planning tools<br />Create housing choices<br />Study and create scenarios for six diverse sites<br />Implement Regional Transportation Plan<br />Identify barriers and develop a Financial Toolbox<br />Create innovative zoning techniques<br />Institute an outreach program for stakeholders<br />
Utah’s First Regional Housing Analysis<br />Bureau of Economic and Business Research at the University of Utah<br />
Tools for decision-making: <br />The “Envision Tomorrow +” Model (ET+)<br />Help communities make individual decisions<br />Transportation Effects<br />Building Energy Consumption<br />Water Consumption<br />Air Quality<br />Return on Investment<br />Tax Collections<br />Fiscal Impact<br />Public Health<br />Employment Growth<br />Development Capital<br />Transportation Safety<br />Workforce Housing<br />Public Assets<br />Scenario Development<br />Evaluation<br />
2040 Regional <br />Transportation Plan<br />Roads: capacity, safety and maintenanceTransit: comprehensive system of commuter rail, light rail, streetcar, bus rapid transit, busActive: Bike and pedestrian<br />
- Market driven</li></li></ul><li>Consortium supports the local process<br />Educating the public<br />Helping to identify stakeholders<br />Forging relationships with stakeholders<br />Creating development scenarios with ET+<br />Analyzing development scenarios <br />Suggesting zoning techniques for adoption<br />Assisting with identifying financing opportunities & strategies<br />
Urban Example:Salt Lake City Intermodal Huband Downtown Streetcar<br />