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It's pretty well documented that the older parts of downtown D.C. that predate the year 2000 aren't mixed use and include very little residential space. Well, the changes I have been saying were coming to downtown D.C. soon are about to begin. Congress is finally selling multiple major super blocks across downtown D.C. that will be redeveloped into mixed use developments with much needed residential units.
These buildings are just the beginning as most of the Federal buildings are coming of age and will be sold to private developers. Downtown D.C.'s residential population is going to explode over time. Good times ahead.
Sounds like the Fed's are on a wild spending spree .Our hard earned taxes ,please stop wasting our money .
It amazes me how many residential units that NYC puts up for being completely built out.
Well, there is still some room in the other boroughs and still room in Manhattan (though not much). You also have to remember that not everything in Manhattan is high rise either. While there's not as much tear down action than say..Chicago, they still do it there.
Sounds like the Fed's are on a wild spending spree .Our hard earned taxes ,please stop wasting our money .
Huh? How is selling real estate to private developers to raise money a spending spree? Lol....were you serious? It's actually the opposite. The Federal government has been cutting and shrinking their real estate space for years and continues to do so with these. Reading comprehension is clearly not your strength.
I roll my eyes at anything over a 5-7 year projection.
Right. Trends change fairly quickly. You can't take a snapshot of a two (or even ten) year span, spread that over 20-30 years and say "this is how big the city will be by 20--!" That's why many of those projections are prefaced with "If the current trend continues..." If you looked at Detroit and took the growth rate from 1940-1950 (14% growth per decade - not even close to the biggest growth period for the city) and projected a 2010 population, the population would have been about 4,060,000. Even if they did a 30 year projection (essentially what 2045 is for DC using the 2015 estimate), they would have had a number around 2,740,000 by 1980. This is an extreme example of a city that busted big time, but even if Detroit didn't crash like it did, I highly doubt it would be a city of over 4,000,000 people today. 2,700,000 in 1980 would have made it the fourth largest city in the U.S.- just 300,000 shy of Chicago and 200,000 shy of LA.
The reason I chose the example I did is because DC is estimated to have grown by about 12% between 2010 and 2015 and Detroit was just under 14% over a ten year span. So the projections aren't too far off. You look at Detroit and laugh at a 4 million (or even 2.7 million a 30 year projection for Detroit, like 2045 is a 30 year projection for DC) estimate, but that's what you get when you assume the same trends will continue. The Detroit 30 year projection is a 68% increase in population. The 1,000,000 by 2045 for DC is a 67% increase. Very similar.
DC may very well break 1,000,000 by 2045. A number of cities likely will. But you've got to take into account that there are likely to be some factors preventing the current rate of growth from continuing long-term.
If a republican president is elected, D.C. will slow down dramatically. D.C. went bonkers between 2009-2012 because Obama and the fact that the government expanded rapidly during that time. Yes, I know it's private sector is doing well, but still...
Hell, if you look at the MSA growth rates for D.C., at one point it was growing at rates of 130k-140k a year in 2010 or something, then slowed down dramatically a few years later to just 60k a year. That just goes to show you how quickly things change.
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