pesto:
Quote:
|
I hope that the area will boom; but every 'hood (DT, Hollywood, westside, etc.) are predicting increases in population; are there really going to be that many people moving here? Fortunately, this takes place over time so we will have some clarity as time goes by.
|
The US Census Bureau released the estimated population growth for the periond since the latest Census, from April 1, 2010 to July 1, 2011 (
http://www.census.gov/newsroom/releases/archives/population/cb11-215.html). CA's population increased by 438,000 during this 14 month period, or 31,285 new residents each month. From July 2011 until July 2035, there are 288 months. If CA's population keeps expanding at this rate, that will be more than 9M new residents by 2035. Admittedly, the rate of population increase might slow as California's populaiton continues to expand but, on the other hand, this growth in the past year came at a time when the state's economy is poor with unemployment at 12% for much of the year. As the state's economy continues to improve, you could likely expect the rate of population growth to increase.
I can't open the Urban Land Institute presentation now but I think I remember the current population within 1/2 mile of Union Station is 5000 - 6000 residents. I don't think it is unreasonable at all to expect the population to increase by 10,000 people in this area over more than two decades at a time when the state's population will increase by nearly 10M. This is especially true if most of the Measure R passenger rail investments are built, since the connectivity offered by this location will be even more attractive as the state's highways become more congested.
Threaded Mode