State of the Village

Bolingbrook
State of the Village
January 15th, 2009
Roger C. Claar, Mayor
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c • Business Licenses up 564%
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•Annual Retail Sales up 601%
•30 Million Square Feet of Industrial Built
•25,970 Jobs Created •10,547 New Homes Permitted and Built
GROWTH IN SQUARE MILES
Build Out: 27.3
2008: 25.65
GROWTH IN ACRES
Build Out: 17,477
Build Out: 17,477
2008: 16,397
Build Out
In Acres
Build Out
In Square Miles
GROWTH IN POPULATION
Build Out: 88,403
2008: 71,530
Adventist Bolingbrook Hospital Ribbon Cutting Nov. 18th, 2007
Opened to Patients Jan. 14th, 2008
Build Out
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JOB CREATION
25,970 JOBS
Goya Foods
BUSINESS LICENSES
1,432 LICENSES
INDUSTRIAL BASE
Build Out: 35,734,649
2008: 30,480,959
Build Out
In Millions of Square Feet
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TOTAL INDUSTRIAL INVENTORY
(Center Point)
Diamond Creek
In Square Feet
ATI Physical Therapy Corporate Headquarters
Crossroads Business Park
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NEW HOUSING STARTS
67
Osafo Health Care Clinic
RESIDENTIAL UNITS
Physicians Immediate Care
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HOUSING STOCK COMPARISON
12,268 Total Units in 1986
22,861 Total Units in 2008
1986 – 35% of all housing stock apartments or attached housing.
2008 – 25% of all housing stock apartments or attached housing.
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PERCENTAGE OF RETAIL VACANCIES
6.3% ‐ 373,196 sq ft
Source: CB Richard Ellis Q32007
Total Bolingbrook Retail Inventory: 6,291,640 sq ft Longhorn Steakhouse
Golden Chopsticks
Ashbury’s At Boughton Ridge
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RETAIL BASE
Build Out: 7,568,779 sq ft
Total Retail: 6,291,640 sq ft
Build Out
In Square Feet
Remington Crossings
Ashley Furniture
C’zar Salon & Spa
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RETAIL SALES
Total amount of Retailers’ Gross Taxable Sales
$1,142,000,000
Village Roadshow – Under Construction
In Millions of Dollars
SALES TAX REVENUE
$24,900,000
Rocket Ice Arena
In Millions of Dollars
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REVENUE SOURCE COMPARISON
Home Run Inn Plaza
1.) GRANTS 2.)PERMITS/FEES 3.)LICENSES/FINES/TAP‐ONS
EQUALIZED ASSESSED VALUATION
TOTAL VILLAGE LEVY
Market Value of Community: $589,000,000 (1986) / $6,850,000,000 (2008)
$16,090,000
$2,595,000,000 EAV
EAV is Calculated @ 1/3 Market Value
In Millions of Dollars
In Millions of Dollars
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PROPERTY TAX RATE
Per $100.00 EAV
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COST FOR VILLAGE SERVICES
$500
Bolingbrook:
A 6.85 Billion Dollar Community, up from
600 million in 1986!
Per Average Household
EXPENDITURE BY DEPARTMENT
WHERE DO YOUR PROPERTY TAXES GO?
In 1986, Bolingbrook represented 22% of the tax bill. In 1986, Bolingbrook represented 22% of the tax bill. Today, that number has fallen to 8.94%. Percentages are Representative of Will County Tax Code 1214
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TUX
The Body Shop
Parfumerie
Grecco’s Grill
Cold Stone Creamery
Village of Bolingbrook
2008 Fact Sheet
Est. Population:
71,533
Est. Racial Makeup (per U.S. Census):
White:
53.6%
African‐American:
21.8%
Hispanic/Latino
22.9%
Asian:
11.4%
Indian/Pakistanis:
Filipino:
Mixed/Other:
Chinese:
Korean:
Vietnamese:
Japanese:
Residential Units:
Single Family Detached:
Single Family Attached:
Apartments:
Total Acres:
16,397
Square Miles:
25.65
Miles of Street:
Centerline Miles:
Lane Miles
296
729
2.0%
3.5%
2.8%
1.0%
0.4%
0.3%
0.1%
Storm Sewers:
331 Miles
Sanitary Sewers:
247 Miles
Sidewalks:
580 Miles
22,861
Streetlights:
4809
17,039
3,843
1,979
Traffic Signals:
55
Retention/Detention Ponds:
196
Street Signs:
17,573
Wastewater Reclimation:
7.84 mgd
Royce Road Facility:
Boughton Road Facility:
Indian Boundary Facility:
2.04 mgd
3.00 mgd
2.80 mgd
Market Value of Village:
$6.85 Billion
Equalized Assessed Value:
$2.59 Billion
Total 2008 Levy:
$16.09 Million
Data Current as of January 2009
Roger C. Claar, Mayor
State of the Village ~ January 15th, 2009
Village Clerk
Carol S. Penning
Trustees
Leroy J. Brown
Michael T. Lawler
Ricardo Morales
Joseph B. Morelli
Patricia E. Schanks
Sandra S. Swinkunas
Statistical Information Provided By:
James S. Boan, Village Attorney
Nannette M. Higens, Assistant to the Mayor
Michael J. Drey, Director of Public Works
Kevin McCarthy, Chief of Police
Dave Litton, Fire Chief
Dennis J. Kowalczyk, Director of Community Development
Rosa Cojulun, Director of Finance
Brenda Ladipo, Director of Information Technology and Staff
All data has been compiled by the Village of Bolingbrook unless otherwise noted.
All data has been compiled by the Village of Bolingbrook unless otherwise noted.
Dale W. McClannahan, Event Production
Gary O. McConnell, Video Engineer
BCT Channel 6 Volunteers, Video
James Farrell, Presentation & Handouts
For more information on today’s presentation, please contact:
Mayor Roger C. Claar
Phone: (630) 226‐8412 Fax: (630) 226‐8409
375 West Briarcliff Road, Bolingbrook, Illinois 60440