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City of Louisville, Colorado <br /> DEVELOPMENT SCENARIO <br /> The City's fiscal impact model was used <br /> to apply a net new long-range Figure 2. 20-Year Development Scenario <br /> development scenario to the existing Use Net New <br /> land uses, the endorsed framework, Single Family Residential (Units) 224 <br /> and associated assumptions. Recent Greenfield 141 <br /> work completed by TischlerBise for the Infill 83 <br /> City of Louisville includes a 2011 Impact Multi-Family Residential (Units) 636 <br /> Fee Report and an Economic and Fiscal Greenfield 53 <br /> Health Analysis. The land use Infill 583 <br /> projections developed for the Impact Retail (Sq. Ft.) 200,000 <br /> Fee Report were used in conjunction Greenfield 25,000 <br /> Infill 175,000 <br /> with the Framework Option #3 and a <br /> market analysis to design the scenario Industrial (Sq. Ft.) 375,000 <br /> Greenfield - <br /> detailed in Infill 375,000 <br /> Figure 2. Along with calculating the added <br /> Office (Sq. Ft.) 450,000 <br /> units/square feet by land use, current and Greenfield 250,000 <br /> desired land use patterns were applied to Infill 200,000 <br /> calculate the distribution of new development <br /> Source:City of Louisville;TischlerBise <br /> to be built in greenfield and infill locations. <br /> The development scenario projects one million new square feet of non-residential space. All <br /> development proposed in the scenario would be net new over existing space, including any currently <br /> vacant. Office development is projected to add the most square footage (450,000); it would be split near <br /> evenly between greenfield and infill development. The scenario assumes most of the net new retail will <br /> happen as infill and with little intervention by the City. A small portion (less than 15%) of retail <br /> development will serve the projected light industrial and office space assumed to be greenfield <br /> development. <br /> ASSUMPTIONS <br /> To account for cost savings of infill development, City staff developed cost adjustments to be added to <br /> the City's fiscal impact model. Adjustments and assumptions can be modified by staff. Each line-item <br /> expenditure per infill unit/square foot added is adjusted by the savings factors listed in Figure 3 below. <br /> Tischlern 3 <br /> fo1Ul,E[onaii <br />