BEDFORD FACTS: Bedford Development Department: Planning and Zoning Economic Development Tourism...

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BEDFORD FACTS: Bedford Development Department: Planning and Zoning Economic Development Tourism Permits and Inspections Code Enforcement Bedford Facts: 10 Square Miles 49,500 Population 13,000 Homes Average HH Income $75,300 Average Home Value $159,203 1,200 Businesses Over 100 Eating Establishments Over 100 Medical Related Facilities 9 Hotels (1,000 rooms) Multiple Headquarter Facilities 8 Parks Totaling 140 Acres

Transcript of BEDFORD FACTS: Bedford Development Department: Planning and Zoning Economic Development Tourism...

BEDFORD FACTS:Bedford Development Department:

• Planning and Zoning• Economic Development• Tourism• Permits and Inspections• Code Enforcement

Bedford Facts:• 10 Square Miles• 49,500 Population• 13,000 Homes• Average HH Income $75,300• Average Home Value $159,203• 1,200 Businesses• Over 100 Eating

Establishments• Over 100 Medical Related

Facilities• 9 Hotels (1,000 rooms)• Multiple Headquarter Facilities• 8 Parks Totaling 140 Acres

Residential2010 Total New Single Family permits: 24 Up 85%

CommercialTotal Commercial Permits: 190 Up 15%Commercial CO’s issued 2010: 143 Up 6%

Commercial Real Estate Data

City of Bedford Year in Review

Feb-11

BEDFORDNUMBER OF BLDGS. TOTAL BLDG SF AVAILABLE SF % AVAILABLE AVERAGE ASKING RATE

RETAIL 66 1,964,595 336,810 15.00% $10.95OFFICE 95 2,197,540 483,458 19.00% $15.07

Source: North Texas Commercial Data Exchange

Sales TaxUp .85% for Fiscal Year 2009-2010 compared to previous year

Significant Development Activity

Bell Helicopter – CGI – Bravo Health Inc.

Reliant Rehabilitation Hospital

Reliant Rehabilitation HospitalNew Construction 60,000sf 60 Bed Rehabilitation Hospital100 Employees

Bell Helicopter40,000 Square Feet150 – 275 Employees

CGI Technology20,000 Square Feet75 Employees

Bravo Health Inc.23,000 Square Feet100 Employees

Bedford Library40,000 square feetRedevelopment of former Food LionRenewable Energy Features

Library

Significant Development Activity

Holiday Inn

Meena Medical Supply

Polycoat Products

Meena Medical Supply12,000 square foot New Construction

Texas Health ResourcesHarris Methodist HEBComplete Remodel of Chapel, and Lobby and Oncology Wing

Holiday InnMulti-Million Dollar Remodel243 Room Full Service Hotel

Polycoat ProductsFinal Installation of Equipment$1,000,000 Permit Value

Texas Health Resources

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New for 2011

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Recent New Business

• Buxton Study• Highway 183 Corridor Study• Revised Parks Master Plan• Revised Comprehensive Land Use Plan• State of the Art Library• Shop Bedford First• Cultural District Designation• Alternative Energy Initiatives• New City Logo and Re-branding Campaign• Traffic Signalization ($2.2 Million Grant)• Street Improvements (Microseal/Crack

Seal)• Water Line Rehabilitation• Festivals (4th Fest, and Bedford Blues &

BBQ)

BEDFORD: FOSTERING ECONOMIC DEVELOPMENT

City Council Initiatives