Saticoy & Wells Community Plan & Development ... - City Of Ventura

Saticoy & Wells Community Plan and Code EIRSection 1.0 IntroductionTable 3-3 summarizes the projected citywide increase in population and housing growththrough 2025, while Table 3-4 summarizes the projected citywide increase in jobs through 2025.An estimated 7,995 housing units are projected to be added to the City over that time period,while the City’s population is projected to grow by just over 20,000. Employment growth isestimated at 14,010 jobs though 2025. The cumulative analysis for this EIR is based on thepotential development of the entire City of Ventura through the year 2025 as indicated in the2005 General Plan and shown in Table 3-5.Table 3-3Citywide Housing Projections, 2008-20252008 Levels a 2025 Estimates(0.88% AverageAnnual Growth)Change from 2008-2025Population 108,261 126,153 17,892 (16.5%)Housing Units b 42,407 49,138 6,731 (15.9%)aSource: California Department of Finance, City/County Population and Housing Estimates, 2008.bHousing unit estimates assume that the current ratio of 2.57 persons per household remains constant through 2025.In reality, the number of persons power unit could go up or down, depending upon housing costs, the types of housingbuilt in the City, population growth, and other factors.Table 3-4Citywide Projected Job Growth by Sector, 2005-2025Sector 2005 Jobs 2025 JobsJob Growth2005-2025Retail 12,168 13,432 1,264Office 14,168 17,943 3,775Industrial 9,398 12,662 3,264Total (Retail, Office,Industrial)35,734 44,037 8,303Total Jobs (all sectors) 55,201 69,211 14,010Job estimates from Stanley R. Hoffman Associates, Inc., August 2003, and UCSB Economic ForecastProject. Job estimates are based upon the “low growth” estimates from the report.3-4City of Ventura