TWIN

CREEKS PLATTE COUNTY EDC PRESENTATION: AUGUST 12, 2013

ERNEST WASSMANN / DAVID MATTHEWS

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HISTORY

TWIN CREEKS

For Task Force

• Recoup Costs of Sewers

• Competitive Advantage for City

• Economic Development

Deliverables to Task Force by EHW

• Understanding Demand

• Evaluate the Competition

• Understand Price/Value

OBJECTIVES / SUCCESS

1996 2006

TWIN CREEKS

SEWERS – WATER - ROADS THE LAST PIECE OF THE INFRASTRUCTURE FRAMEWORK

Existing Todd Creek Treatment

Facility

Second Creek Watershed +/- 9,900

Acres

First Creek Watershed +/- 4,600

Acres

ZONA ROSA

TIFFANY

MARKETCENTER

SHOPS

AT

BOARDWALK

BARRY

TOWNE

METRO

NORTH

MALL

Providing action-oriented answers to market-related questions that arise in the residential construction industry.

Covering the real estate landscape throughout the U.S., our services encompass:

Strategic Planning

Master-Planned, Golf Course, Resort, and Traditional Neighborhood Development

Urban and Infill Development

Work-Out Programs

Apartment and Mixed-Use Development

Affordable and Subsidized Housing

Student Housing

Municipal, County, and Regional Applications

Active Adult, Age-Targeted, Senior, Congregate Care, and Continuing Care Communities

Highest and Best-Use Analyses

Second-Home and Seasonal Development

Custom Home and Luxury Communities

Go To: E-Mail: Call:

www.tcrossinc.com Tracy Cross: tcross@tcrossinc.com 847-925-5400 Erik Doersching edoersching@tcrossinc.com HollyAnn Eageny heageny@tcrossinc.com

TRACY CROSS & ASSOCIATES, INC.

For more information

Clay

County

Wyandotte

Co.

Platte

Co.

Johnson

County

Jackson

County

Cass

County

Kansas Missouri

Kansas City, MO-KS MSA

Kansas City Primary Market

Area

0

200

400

600

800

1000

1200

1400

New Single Family Home Sales

US Long Term Trends

Total Sales (000s)

1.

2.

3.

4.

5.

6.

7.

8.

9.

10.

11.

12.

13.

14.

1

2 3

4

5

6 7 8

9 10

11 12

13 14

*Seasonally adjusted, annualized rate YTD June Source: U.S. Bureau of the Census: Construction Reports, Series C-25

-8,000.0

-7,000.0

-6,000.0

-5,000.0

-4,000.0

-3,000.0

-2,000.0

-1,000.0

0.0

1,000.0

2,000.0

3,000.0

4,000.0

5,000.0

6,000.0

-56,000

-49,000

-42,000

-35,000

-28,000

-21,000

-14,000

-7,000

0

7,000

14,000

21,000

28,000

35,000

42,000

Kansas City-MO KS MSA U.S.

U.S. (000s)

(1) Through June 2013.

Source: U.S. Department of Labor, Bureau of Labor Statistics

Kansas City, MO-KS MSA

TWIN CREEKS

• 130,000 persons (43,000 – 52,000 households)

• Gladstone = 28,000 persons

• First and Second Creek Watershed is

2.6 times the size of Gladstone

(based upon KCIA Area Plan projected Land Use Densities)

• 75,000 persons (25,000 – 37,500

households)

(based upon 5 persons per acre)

SUCCESS OF KANSAS CITY DEFINED AS

INCREASE IN POPULATION INFRASTRUCTURE

5,400 100.0 $287,000

324 6.0 250,500

1,021 18.9 258,900

945 17.5 264,700

589 10.9 300,130

2,300 42.6 339,500

221 4.1 184,500

(1)

Source: Tracy Cross & Associates, Inc.

Wyandotte County, KS

Presented in current dollars.

Total Kansas City PMA

Cass County, MO

Clay County, MO

Jackson County, MO

Platte County, MO

Johnson County, KS

Number Percent Median

County of Units of PMA Sales Price(1)

Annual Absorption Potentials

2013 - 2018

SUCCESS OF PLATTE COUNTY DEFINED AS

INCREASE IN POPULATION PENETRATION

FOR SALE DEMAND POTENTIALS

BY PRICE RANGE, KANSAS CITY PMA

1,080 20.0 20.0

918 17.0 37.0

972 18.0 55.0

702 13.0 68.0

540 10.0 78.0

378 7.0 85.0

270 5.0 90.0

216 4.0 94.0

81 1.5 95.5

54 1.0 96.5

27 0.5 97.0

27 0.5 97.5

135 2.5 100.0

5,400 100.0 ---

--- ---

Source: Tracy Cross & Associates, Inc.

Total

Median $287,000

(1) Presented in current dollars.

550,000 - 599,999

600,000 - 649,999

650,000 - 699,999

700,000 - 749,999

750,000 and Over

500,000 - 549,999

Price Range(1)

2013 - 2018 Percent Percent

Under $200,000

200,000 - 249,999

250,000 - 299,999

300,000 - 349,999

350,000 - 399,999

400,000 - 449,999

450,000 - 499,999

Number

of Units Cumulative

Annual

REQUIREMENTS FOR INCREASED MARKET SHARE

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IN OTHER WORDS,

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UNDERSTANDING VALUE

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SUCCESS DEFINED AS

PLATTE + CLAY = JOHNSON COUNTY

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DISCUSSION?

THANK YOU!!