Page 190 - Littleton, CO Comprehensive Plan
P. 190

Fiscal Impact Analysis
                                                                                         The City of Littleton, CO



               SUMMARY OF SCENARIOS

               In designing the land use scenarios utilized in this FIA, the planning team considered the amount of
               developable land remaining within the city limits, current demographic and market trends, and the
               goals identified throughout the Comprehensive Planning process, including fiscal sustainability.

               Each scenario is described below.

               Scenario 1: Trend (Residential Emphasis). This scenario bases its projections primarily on current
               demographic  and  market  trends.  The  city’s  population  is  expected  to  reach  the  mid-point  of  the
               growth range projected in the Comprehensive Plan, and the majority of developable land is used for
               residential  development  in  order  to  accommodate  that  growth.  Broadly  speaking,  Scenario  1
               represents  a  “business-as-usual”  approach  to  development  review  and  the  City’s  economic
               development policy decisions.

               Scenario  2:  Larger  Nonresidential  Share.  This  scenario  incorporates  more  nonresidential
               development than Scenario 1. With more vacant land utilized for commercial development, less land
               is available for new housing; this scenario therefore generates less population growth than the trend
               scenario. Nonresidential development is expected to generally align with the character of the current
               built  environment.  Scenario  2  diverges  from  historical  development  trends  by  attracting  more
               commercial development. Thus, achieving full build-out under this scenario may require a shift in the
               City’s approach towards attracting commercial development.

               Scenario 3: Largest Nonresidential Share. Scenario 3 assumes the same level and type of residential
               growth  as  Scenario  2,  but  it  calls  for  additional  commercial  development.  Achieving  this  level  of
               commercial growth requires more densification than Scenario 2, especially through more intensive
               mixed-use,  master-planned  “destination”  development  and/or  some  level  of  transit-oriented
               development.  Like Scenario 2, achieving these projected levels of development may require changes
               to  the  City’s  development-related  policies  and  economic  development  programs,  such  as  more
               targeted  market  interventions,  a  more  streamlined  development  review  process,  or  the
               implementation of other incentive programs.

               The amount of development for each scenario for the projection period is provided below in Figure
               1. Broadly speaking, these land use scenarios were designed to test how residential development
               compares to nonresidential development in terms of its impact on the City’s fiscal sustainability.













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