Inventory confirms our commercial and residential land supply is OUT OF BALANCE
Wednesday, October 5, Jackson, WY – Today, the Jackson Hole Conservation Alliance released the Teton County Commercial and Residential Lands Inventory. This study provides an updated assessment of our inventory of both commercial and residential land supply in Teton County. This includes estimates of redevelopment potential, as well as a vacant lands inventory.
The Inventory finds that with four times more potential for commercial development than residential development, based on population projections and market demand, our community is out of balance. Specifically, Teton County has approximately a 43-year supply of commercial land and only approximately a 10-year supply of residential land.
“This imbalance between residential and commercial land supply is a driving factor behind our community having too much commercial and lodging development compared to housing,” said Mary W. Gibson, Alliance Community Planning Director. “Until we correct this imbalance, we will struggle to advance the vision and objectives of our Comprehensive Plan, especially in regards to our goals of housing our workforce locally, reducing our community’s climate and environmental impacts, and not exporting our impacts to neighboring communities.”
Produced from current Teton County files and tax assessor information, three prior land inventories, and recent work of a local real estate professional, and then checked for accuracy through a peer review process with methodologies documented, the Teton County Commercial and Residential Lands Inventory provides needed data regarding existing development potential on which to base solid public policy decisions.
“As an organization committed to fostering an honest conversation about the long-term consequences of our decisions based on facts and data, we’re hopeful this study will help our elected representatives make decisions in the best long-term interest of our community as they move forward with updating our land use rules to implement our Comprehensive Plan,” said Craig M. Benjamin, Alliance Executive Director.
For a memo summarizing the purpose, approach, findings, and recommendations from the Teton County Commercial and Residential Lands Inventory, and to read the full study, visit JHAlliance.org/2016/10/05/alliance-releases-lands-inventory/.
Click here to read a memo summarizing the purpose, approach, findings, and recommendations from the Teton County Commercial and Residential Lands Inventory, and click here to read the full study.
