Mat-Su Borough Update

Mat-Su Borough Update
April, 2007
Topics
¾ Indicators
¾Economic Development
Trends-Population Forecasts
120000
102756
100000
87251
77841
74063
80000
65241
60000
54526
40000
20000
0
1998
2003
2007
2008
2013
2018
The Valley Is One Of Few Places Where School
Enrollment Keeps Climbing-But More Slowly
18,000
school enrollment
16,000
14,000
12,000
10,000
8,000
6,000
4,000
2,000
0
90 91 92 93 94 95 96 97 98 99 '00 '01 '02 '03 '04 '05 '06 '07*
*preliminary
A Decade Of Uninterrupted Economic
Growth In The Valley
20,000
wage and salary employment
service and retail boom
15,000
double lane hwy opens
10,000
recovery begins
oil bust
oil revenue boom
5,000
construction of oil
pipeline
Pks HWY opens
0
1959
1965 1970 1975 1980 1985 1990 1995 2000
2006*
*preliminary
Nice Annual Growth--Slower In 2006
number of new jobs
1,207
1,132
1,030 1,063
908
537
505
632
625
610
513
514
0
94 95 96 97 98 99 '00 '01 '02 '03 '04 '05 '06*
*preliminary
Single Family Homes Sold In The
Mat-Su Valley
3,000
single family home sales
2,500
2,000
1,500
1,000
500
0
88 89 90 91 92 93 94 95 96 97 98 99 '00 '01 '02 '03 '04 '05'06*
Source: MLS
*preliminary
Hotel Activity Soars In The Valley
bed tax revenues
$866,879
$809,286
$697,885
$659,766
$616,264
$513,159
$443,871
$315,228
$280,209
$161,879 $156,514
$92,213
$120,607
1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006
Source: MatSu Convention and Visitors Bureau.
PORT DISTRICT
8,940 Acres
Commercial and
Industrial
Development
1,130 Acres
Borough Owned
Tidelands
Proposed Dock Expansion
Port
MacKenzie
Rail Line
A Project of
Statewide
Significance
and
Benefit
Statewide Benefits
9Supports Kenai Gasification Project
9New Interior Resource Development
Opportunities*
9Benefits are $61M to $737M per year for 100+ years
9Limestone
9Portland Cement manufacture (US net importer of cement)
9Lime/coal pellets for Rural Alaska fuel source (lower costs/less
pollution)
9Strategic Minerals (nickel, molybdenum)
9Improved global price competitiveness of Alaska coal
9Alternate rail link to Interior (natural disaster/terrorism)
9Decreased rail congestion (Willow to Anchorage)
*Dr. Paul Metz, University of Alaska Fairbanks
Statewide Benefits
9 Increased royalty, rent, & corporate income tax payments
to State of Alaska
9 Lowers cost of building AGIA
9Port MacKenzie has lowest cost ($612 per-joint vs. $675 at
Anchorage)
9 Rail Extension Construction
9Generates over $350M total economic output*
9Generates over 3,000 jobs
9 Rail Extension w/Kenai Gasification
9Generates $56M total economic output* (construction)
9Generates over 500 construction jobs
9Generates $48M total economic output* (operations)
9Generates over 300 jobs (operations)
*Includes direct, induced, and indirect
M/V SUSITNA
COOK INLET FERRY
•
•
•
•
Will provide daily
transportation between
Anchorage and Port
MacKenzie.
Also equipped as a
Rescue Boat and
Command Center.
VariCraft vessel designed
with variable deck
configuration.
Less than 15 minutes to
cross the Inlet.
M/V Susitna
Port MacKenzie Ferry Terminal Building
September 2006
Prison Expansion
•
•
•
•
•
2,550 beds
Construction jobs > 2,210
Total jobs >1,660
Site selected – Pt. MacKenzie/Goose Bay
Addressing project delay affects on
construction cost escalation
Transportation
• Arterial upgrades
– Bogard Extension to
Glenn
– Seldon Extension to
Church
– Palmer/Wasilla Hwy
Signalization &
Upgrade
– Trunk Road
– Fish Creek
Bridge/Access
Bogard East Extension
Education Facilities
•
•
•
•
2 new elementary schools underway
New Vocational/Education center
New Nutrition center cmplete
Next – new high school
Agriculture and Food
Processing Center
•
•
•
•
Feasibility analysis complete
Engineering and design complete
Environmental complete
Federal Request submitted for Phase I
$3.2M (was in previous Ag bill)
• Also seeking commodity warehouse status
South Denali Visitor Center
* Alaska State Parks * Matanuska-Susitna Borough
*State of Alaska Dept of Transportation *National Park Service
Parks Highway Site
Parks Highway Site
Mat-Su … A Dynamic and Growing
Community!
3
3
3
3
3
3
3
3
3
High Quality of Life.
Good Schools and UA College.
Well Educated Workforce.
Low Taxes & Tax Deferrals.
Pro-Business Environment.
Ample Room to Grow.
Capital Investments Underway.
Great Transportation Links.
A Positive Attitude.
Mat-Su Borough Update