Private Investment in Downtown as a Percent of Total Dollars Invested (Public & Private) (Council Key Result Indicator #12)
This indicator measures the overall private investment in Downtown Olathe as a percentage of total investments in Downtown.
FY 2016, the target of 10% was held flat from FY 2015.
Looking to 2017, we foresee increased investment in both public and private dollars. Private projects on the horizon for 2017 include the QuikTrip rebuild at Santa Fe & Ridgeview and adjacent property improvements. Beyond 2017, the Johnson County Courthouse project will represent a significant public investment in downtown.
The City will also look to invest in Downtown alley improvement projects as well as streetscape improvements for Kansas Avenue from Santa Fe, south to Cedar. The scope of this project will include mill and overlay, decorative street lighting, signal upgrades, median installations, landscaping and planters, benches, designated cross walks and intersection bulb-out improvements. Stormwater improvements are also scheduled under BNSF and along Kansas/Elm and Southgate, totaling well over $3M in public investment dollars.
For FY 2017, the overall private investment in Downtown Olathe as a percentage of total investments in Downtown was 22.90%.
Of the Private dollars invested, 94.54% was from commercial building permits, 4.75% was from residential building permits, and 0.71% were from ROW permits.
The Public investment in Downtown includes City Hall campus alterations, the relocation of a generator, and the IT facility remodel.
In FY 2018 and beyond, the Johnson County Courthouse project and the City of Olathe IT facility relocation/remodel projects will represent a significant public investment in downtown.