Broadway TIF District_McCordsville, Indiana

Page 1

BROADWAY TIF District

Town of McCordsville, Indiana mccordsville parks and recreation master pl an 2012-2016

upDATeD

mccordsville, indiana

ee

k Rd

McCordsville MCCORDSVILLE

CR 1000 N

Tree Cover

Geist Woods Estates

ord

W

Mt. Comfort Airport

Rd

W 900 N

CR 1000 N

Bay Creek East

Highland Springs

McC

Geist Woods Estates

Bay Creek

Bay Creek

N 700 W

465

67

N 400 W

ll Cr

Olio Rd/138th St

Fa

Bay Creek East

Highland Springs

Indianapolis

65

CR 1000 N

CR 1000 N

69

W 900 N

Tree Cover

ord

W

Bay Creek

Bay Creek

36

Rd

McC

Deer Crossing

465

70

Villages at Brookside

W 900 N

W 900 N

Emerald Springs

Unincorporated Town of Woodbury

67

N 600 W

Broa

Villages at Brookside

Emerald Springs

ay

Unincorporated Town of Woodbury

67

Floodplain

ay

dw

W

Broa

N 400 W

W SR 234

N 600 W

N County Line Rd E

N 400 W

N County Line Rd E

W 800 N

Br

W 750 N

n

leto

nd

Pe

Louisville, KY

Broa

W 750 N

W 700 N

ay

dw

SR 234

Champion Lake

W

Broa

Primary local access to McCordsville is provided by US Highway 36 or by Interstate 70 via County Road 600 West. Situated between Interstate 69 and Interstate 70, the community of McCordsville is closely linked to the greater regional transportation network.

W 700 N

N 600 W

Champion Lake Austin Trace

N 400 W N 400 W

N

W 500 N

0

500

1,000

1,500

750 North

Floodplain Tree Cover 2,000

2,500

N

Feet (approximate)

N 400 W

2,500

W 600 N

N 500 W

2,000

N 700 W

1,500

Mt Comfort Rd

N 700 W

McCordsville’s characteristically rural and suburban rth No 750 abundance of opportunities for form provides an outdoor recreation. Outdoor recreation, in general, relies heavily upon the natural and environmental 750 North features of an area. The characteristics of the natural 1,000

800 North

Streams

800 North

N 400 W

Franks Ln

N 700 W/N Carol Rd

N 500 W

Mt Comfort Rd

Stansbury

Legend

N 500 W

Franks Ln

N 700 W/N Carol Rd

W 600 N

natural Features and landscape: Feet (approximate)

Sewer District Boundary

W 650 N

W 600 N

Stansbury

N 600 W

N 500 W

Corporate Boundary

W 600 N

500

Stream

ke

n Pi

leto

nd

Pe

Sewer District Boundary

W 650 N

0

Floodplain

Gateway Crossing

Austin Trace

Corporate Boundary

“McCordsville continues to value its small-town character and seeks to preserve its high quality of life OF MCCORDSVILLE thatTOWN continues to draw people to For more live, work, andinformation play here.”on

Broa

Stream

Pike

800 North

ay

dw

W

W 750 N

Floodplain

Gateway Crossing

SR 234 N 475 W

ay

dw

W

Depot Street

W

W 750 N

37

Floodplain

W SR 234

N 700 W/N Carroll Rd

65

Stream

W 800 N

N 475 W

31

67

ay

oadw

600 West/Olio Road

74

Depot Street

465

N 700 W/N Carroll Rd

70

36

Deer Crossing

dw

W

Stream

Indianapolis International Airport

Natural Features

k Rd

N 400 W

ee

TIF DISTRICT MAP

31

65

465

Olio Rd/138th St

ll Cr

REGIONAL LOCATION

natural Features

Indiana is a small town located twenty miles northeast of Indianapolis with a population of nearly 5000 residents. McCordsville is positioned in the northwest corner of Hancock County. The Town of McCordsville has seen much change, even since its incorporation in 1988. The 2010 Census was very important to McCordsville. The Town’s population between 2000 and 2010 grew 323%, one Columbus, OH of the greatest population gains (by percentage) in the State, and now the second largest municipality solely within Hancock County. The community faces the challenge of updating its infrastructure to meet the demands of growth, as well as preserving its unique small town character. McCordsville shares characteristics of a rural and suburban community. 800 North In looking to the future, the community and its leaders are seeking to preserve those qualities that will draw people to live and work in McCordsville. Fa

N 700 W

SR 234 Legend Streams Floodplain

W 500 N

Tree Cover

600 West/Olio Road

67

e /P

ay

o Br

w ad

le nd

e Pik

750 North

750 600 West/Olio Road

ton

700 West/Carroll Road

317.335.3151 tgalbraith@mccordsville.org www.mccordsville.org 6280 W 800 North McCordsville, IN 46055

600 West/Olio Road

particular development sites rth No and the Broadway TIF contact 750 Redevelopment Commission Town c o n t e Staff x t & and dem o g rManager, a p h i c s 2-1 Tonya Galbraith. 700 West/Carroll Road

uis, MO

McCordsville, Detroit, MI

Natural Features

Regional Context:

ago, IL

rth

No

700 North


TIF FUTURE LAND USE

DEVELOPABLE SITES

1

600 West/Olio Road

700 West/Carroll Road

POTENTIAL INTERSECTION

SR 234

3 600 West/Olio Road

ike

nP

to dle

en /P

ay

dw

oa Br

POTENTIAL REALIGNMENT

2

1

2

Potential Regional Commercial, Business Park and Neighborhood Commercial uses. 85 Acre Site, Multiple Owners, Most Utilities Available.

3

Potential Neighborhood Commercial and Office uses 1.6 Acre Site, One Owner, All Utilities Available.

4

Potential Neighborhood Commercial and Office uses 1.8 Acre Site, One Owner, All Utilities Available.

5

Potential Neighborhood Commercial and Office uses. 14 Acre Site, One Owner, All Utilities Available. Homeownership Rate 2009-2013

4

Population Percent Change 67 2010-2013 5

Bachelor's Degree or higher Age 25+ 6 LEGEND 2009-13

10.00%

Neighborhood Commercial 80.00%

8.00%

Regional Commercial Mixed-Use Business Park

20.00%

2.00%

0.00%

0.00% McCordsville

Indiana

Carmel

Fishers

Noblesville

Zionsville

8.00% $300,000 80.00% $250,000 6.00% 60.00% $200,000 4.00% $150,000 40.00% $100,000 2.00% $50,000 20.00% $0 0.00%

Carmel Carmel

McCordsville Indiana Carmel Fishers Noblesville Fishers Noblesville Zionsville Zionsville Fishers

Noblesville

Bachelor Degree or Higher (age 25+) Housing 2009-2013 2009-2013 Median Household Income 2009-2013

Bachelor's Degree or Change higher Age 25+ Population Percent $400,000 $120,000 2009-13 2010-2013 $350,000 $100,000 $300,000 80.00% 10.00% $250,000 $80,000 8.00% 60.00% $200,000 $60,000 $150,000 6.00% 40.00% $40,000 $100,000 $50,000 $20,000 4.00% 20.00% $0 $0 2.00% 0.00% McCordsville Indiana Carmel McCordsville Indiana Carmel Fishers Zionsville McCordsville Noblesville Indiana Carmel 0.00% Fishers Noblesville Zionsville Fishers Noblesville Carmel Zionsville McCordsville Indiana Fishers

Noblesville

0.00% 0.00% McCordsville

Indiana

Carmel

Fishers

Noblesville

Zionsville

Median Household Income Median Household Income 2009-2013 Bachelor's Degree or Rate higher Age 25+ Homeownership 2009-2013 2009-2013 2009-13

$120,000 90.00% $100,000 80.00% 80.00% $80,000 70.00% 60.00% $60,000 60.00%

40.00% 50.00% $40,000 40.00% $20,000 20.00% 30.00% $0 20.00% 0.00% 10.00% McCordsville Indiana Carmel McCordsville Indiana Carmel 0.00% Fishers Noblesville Zionsville Fishers Noblesville Zionsville McCordsville Indiana Carmel

Zionsville

Source: US Census & RATIO Median Value of Owner-occupied

Source: US Census & RATIO

80.00% 10.00% 40 Acre Site, Multiple Owners, All Utilities Available.

COMMUNITY SNAPSHOT

Population Percent Change Population Change Median ValuePercent of Owner-occupied 2010-2013 Housing 2009-2013 2010-2013 10.00% Bachelor's Degree or higher Age 25+ $400,000 2009-13 $350,000

0.00% McCordsville Indiana McCordsville Indiana

Population Percent Change 2010-2013 Regional Commercial.

Contact Town Hall For Utility Availability 50.00% 6.00% Connect (100 Gig Ethernet Service) • Ninestar 40.00% • IPL30.00% and Ninestar Connect (Electricity) 4.00% • Citizens Energy (Water and Gas) 20.00% 2.00% • McCordsville (Sewer and Stormwater) 10.00%

40.00%

4.00%

90.00% Potential 70.00% 8.00% 60.00%

60.00%

6

6.00%

Potential Neighborhood Commercial, Business Park and Light Industrial Uses. 120 Acre Site, One Owner, All Utilities Available.

Zionsville

Median Household Income 2009-2013 Median Value of Owner-occupied

Fishers

Noblesville

Zionsville

Median Household Housing ValueIncome 2009-2013 Homeownership Rate 2009-2013 Housing Value Ratio MHI:MHV $120,000 Median Housing Value/Median Household Income 90.00% 2009-2013 0.50 $100,000 Bachelor's Degree or higher Age 25+ 80.00% 0.45 $80,000 2009-13 70.00% 0.40 $60,000 80.00% 60.00% 0.35 50.00% 0.30 $40,000 60.00% 40.00% 0.25 $20,000 30.00% 0.20 40.00% $0 0.15 20.00% 20.00% 0.10 10.00% McCordsville

Indiana

Carmel

0.050.00% Fishers Noblesville Zionsville 0.00% 0.00 McCordsville Indiana Carmel McCordsville Indiana Carmel McCordsville Noblesville Indiana Carmel Fishers Zionsville Fishers Noblesville Zionsville Fishers Noblesville Zionsville

0.50

Housing Value Ratio MHI:MHV Median Household Income 2009-2013

McCordsville Indiana Indiana McCordsville

Carmel Carmel

Fishers Fishers

Zionsville Zionsville

Noblesville Noblesville

Homeownership Rate 2009-2013

Housing Value Ratio MHI:MHV Median Value ofValue Owner Housing Median of Occupied Owner-occupied 90.00% 2009-2013 Housing 2009-2013 0.50 80.00% 0.45 $400,000 70.00% 0.40 $350,000 60.00% 0.35 $300,000 50.00% 0.30 $250,000 40.00% 0.25 $200,000 30.00% 0.20 $150,000 20.00% 0.15 $100,000

10.00% 0.10 $50,000 0.00% 0.05 $0 0.00

McCordsville Indiana McCordsville Indiana

Carmel Carmel

McCordsville Indiana Zionsville Carmel Fishers Noblesville Zionsville Fishers Noblesville Fishers

Noblesville

Zionsville

Source: US CensusHousing & RATIO Value Ratio MHI:MHV 0.50 0.45

Homeownership Rate 2009-2013 Homeownership Rate 2009-2013

0.40 90.00% 0.35 80.00% 0.30 70.00% 0.25 60.00% 0.20 50.00% 0.15 40.00% 0.10 30.00% 0.05 20.00% 0.00 10.00% McCordsville

0.00%

Indiana

Carmel

Fishers IndianaNoblesville McCordsville Carmel Zionsville Fishers

Noblesville

Zionsville

Housing Value Ratio MHI:MHV


POTENTIAL DEVELOPMENT STRATEGY

FUTURE 600 W REALIGNMENT

BUSINESS / OFFICE OR LIGHT INDUSTRIAL USES

120 ACRE SITE WITH ALL UTILITIES

s.

SHARED STORMWATER DETENTION AMENITY

NEIGHBORHOOD COMMERCIAL/OFFICE

s.

ACCESS TO IN-67 AND POTENTIAL 600 W REALIGNMENT

.

MCCORDSVILLE MULTI-USE PATH

800 North

VEHICLES TRAVELED EXCEEDS 3,000 AVERAGE DAILY TRIPS

SR 234

VEHICLES TRAVELED EXCEEDS 10,000 AVERAGE DAILY TRIPS

REGIONAL COMMERCIAL/ POTENTIAL BOX RETAIL/RESTAURANT

100% INTERSECTION 85 ACRE SITE WITH MOST UTILITIES

1.6 ACRE SITE WITH ALL UTILITIES

VEHICLES TRAVELED EXCEEDS 12,000 AVERAGE DAILY TRIPS

RETAIL/RESTAURANT

CREATING A MIXEDUSE MAIN STREET SETTING

750 North

rth

75

700 West/Carroll Road

14 ACRE SITE WITH ALL UTILITIES INSET 40 ACRE SITE WITH ALL UTILITIES

Illustrative Site Plan of one potential concept focused on core development opportunities.

600 West/Olio Road

o 0N

1.8 ACRE SITE WITH ALL UTILITIES


REGIONAL ATTRACTIVITY

EMPLOYMENT CONCENTRATIONS 69 69

30-45 MIN COMMUTE TIME

MCCORDSVILLE

65

70

Employment Concentrations CONCENTRATION ZONE

70

INDIANAPOLIS 465

465

Commute Times

60 Min

<5 Min

DRAFT for Discussion Purposes Only

6 69

LEVEL OF SERVICE OPPORTUNITY

10 MINUTE DRIVE

MCCORDSVILLE

465

LEGEND Groceries Restaurant/Cafe Pub/Brewery/Nightlife Other Retail Dots are indicative of business clusters and not actual individual businesses.

INDIANAPOLIS REGIONAL AIRPORT

70


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