Brookside TIF District_McCordsville, Indiana

Page 1

BROOKSIDE 900 North

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

67

Mt. Comfort Airport

Rd

W 900 N

CR 1000 N

Bay Creek East

Highland Springs

McC

Geist Woods Estates

N 700 W

465

W

Bay Creek

Bay Creek

900 North

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

70

Villages at Brookside

W 900 N

W 900 N

Emerald Springs

Unincorporated Town of Woodbury

N 600 W

Broa

Emerald Springs

Unincorporated Town of Woodbury

67

ay

dw

W

Broa

dw

Broa

W 750 N

W 750 N

ay

dw

W

Broa

W 750 N

Stream

W 700 N

ke

ay

dw

W

Champion Lake

Broa

Floodplain

Gateway Crossing

Stream

W 700 N

Champion Lake

N 400 W

Corporate Boundary

Franks Ln

Franks Ln

N 700 W/N Carol Rd

N 400 W

N 500 W

W 600 N W 600 N

2,000

Streams Floodplain

2,500

N

W 500 N

Tree Cover 0

500

1,000

1,500

2,000

2,500

N Feet (approximate)

W 500 N

N 400 W

1,500

N 700 W

1,000

Mt Comfort Rd

N 700 W

Legend

McCordsville’s characteristically rural and suburban form provides an abundance of opportunities for outdoor recreation. Outdoor recreation, in general, relies heavily upon the natural and environmental features of an area. The characteristics of the natural

Feet (approximate)

N 500 W

Mt Comfort Rd

Stansbury

natural Features and landscape: 500

N 500 W

N 700 W/N Carol Rd

W 600 N

0

Sewer District Boundary

W 650 N

W 600 N

Stansbury

N 600 W

N 500 W

W 650 N

Austin Trace

600 West/Olio Road

N 600 W

Pe

Sewer District Boundary

N 400 W

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.

ke

n Pi

leto

nd

Floodplain

W SR 234

900 North

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

ay

dw

W

W 750 N

Floodplain

Gateway Crossing

n Pi

leto

nd

Pe

Louisville, KY

Broa

Stream

N 475 W

37

Depot Street

W

W 800 N

N 700 W/N Carroll Rd

65

ay

N 475 W

31

67

Depot Street

74

N 400 W

W SR 234

N 600 W

N County Line Rd E

Floodplain

W 800 N

465

N 700 W/N Carroll Rd

70

Villages at Brookside

N 400 W

N County Line Rd E

67

ay

dw

W

Stream

Indianapolis International Airport

36

Deer Crossing

600 West/Olio Road

465

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 1988.900 TheNorth 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. 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

Legend Streams Floodplain Tree Cover

particular development sites and the Brookside TIF contact Redevelopment Commission 800 North Town c o n t e Staff x t & and dem o g rManager, a p h i c s 2-1 Tonya Galbraith.

800 North

800 North

Olio Road

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

600 West/Olio Road

s, MO

McCordsville, Detroit, MI

Natural Features

Regional Context:

ago, IL


900 North

TIF FUTURE LAND USE

DEVELOPABLE SITES

1 1

600 West/Olio Road

2

2

Population Percent Change 2010-2013 10.00%

3

LEGEND

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

80.00% Neighborhood Commercial

8.00% 6.00%

3

60.00%Office Medical

800 North

40.00% Mixed-Use

4.00%

Potential Neighborhood Commercial, and Grocery Uses. 30 Acre Site, One Owner, All Utilities Available. Existing Medical Office and Wellness Uses. Potential Medical Office or Office uses in a Vibrant Neighborhood. 60 Acre Site, Multiple Owners, All Utilities Available.

Potential Attached Residential Uses. 23 Acre Site, One Owner, All Utilities Available. 90.00%

20.00% 2.00% 10.00%

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

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

0.00% 0.00% McCordsville

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

80.00% 10.00%

Contact Town Hall For Utility Availability 70.00% • Ninestar Connect (100 Gig Ethernet Service) 8.00% 60.00% • IPL and50.00% Ninestar Connect (Electricity) 6.00% • Citizens40.00% Energy (Water and Gas) • McCordsville 30.00% 4.00% (Sewer and Stormwater)

20.00%

2.00%

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

Homeownership Rate 2009-2013 Population Percent Change 2010-2013

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


900 North

RETAIL/RESTAURANT

POTENTIAL DEVELOPMENT STRATEGY REGIONAL COMMERCIAL/ POTENTIAL BOX 32 ACRE SITE WITH ALL UTILITIES

HANCOCK REGIONAL MEDICAL CENTER

HANCOCK REGIONAL WELLNESS CENTER

MEDICAL OFFICE OR OTHER PROFESSIONAL OFFICE USES

85 ACRE SITE WITH MOST UTILITIES

22 ACRE SITE WITH ALL UTILITIES

VEHICLES TRAVELED EXCEEDS 10,000 AVERAGE DAILY TRIPS

800 North

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

600 West/Olio Road

ATTACHED RESIDENTIAL


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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