Growth Trends in the Tri-Lakes Region

Growth Trends in the Tri-Lakes RegionPresented at4th Annual Leadership ConferenceRegional Focus Panel : 

Growth Trends in the Tri-Lakes RegionPresented at4th Annual Leadership ConferenceRegional Focus Panel Prepared by Frederick D. Crowley, Ph.D. University of Colorado at Colorado Springs and Southern Colorado Economic Forum August 26, 2009

Purpose : 

Purpose Overview of recent growth in Tri Lakes and constraints to future growth

Assessed Value: 1998-2006 : 

Assessed Value: 1998-2006

Gravity Trends : 

Gravity Trends Attraction of an area defined through growth and critical mass

Projections : 

Projections

Constraints : 

Constraints

Water Issues : 

Water Issues

El Paso County 2002 Water Report : 

El Paso County 2002 Water Report Drill strategic wells in the basin and distribute the water with new pipelines to the areas in need of the water. Construct a reservoir system to inventory the water. Implement a series of development fees for users to purchase trans-basin water rights. Be annexed by a city.

Recommendation : 

Recommendation

Naïve Diversification Illustration : 

Naïve Diversification Illustration Source: Thomas Rietz Annotation Changes: Fred Crowley

Summary : 

Summary Growth in the Tri Lakes area has significantly outpaced Colorado Springs Retail is overbuilt for resident population The local economy is exiting the recession Retail success depends on “injections” PPACG projections to 2020 point to additional growth Water resources may be a constraint to future growth Diversification is needed to avert economic problems