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Pasco County Economic Development

Hillsborough’s economy showing new signs of growth

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Adam Myers, senior business development manager for the Tampa Bay Economic Development Council, paid a visit to Pasco County a few weeks ago, to share what’s happening on the economic front in Hillsborough County.

Myers outlined some of the major new developments happening in Tampa and Hillsborough County during a membership luncheon meeting of the North Tampa Bay Chamber of Commerce.

He assured those gathered that economic development is not something that happens in a vacuum.

Adam Myers is the senior business development manager for the Tampa Bay Economic Development Council. He gave an update on business activity in Hillsborough County, during a recent luncheon meeting of the North Tampa Bay Chamber. (B.C. Manion)

“While we are Hillsborough County-focused, we work with our partners in Pasco County Economic Development and Pinellas County Economic Development, Polk County, Sarasota, Manatee, all of the way up to Hernando County.

“When something great happens in Pasco County, that’s going to benefit Hillsborough County,” said Myers, senior business development manager for the Tampa/Hillsborough economic development agency.

“When something awesome is happening in Hillsborough County and Pinellas County, that’s benefiting Pasco County, as well.

“It’s important to recognize that economic development is really a team sport,” Myers said.

That being said, his talk focused primarily on some of the big things happening in Tampa and Hillsborough County.

For instance, Water Street Tampa, a $3 billion investment in downtown Tampa, is getting underway, he said.

“Now, the buildings are under construction,” Myers said. “The first building is almost done, with USF’s (University of South Florida’s) new medical school. That is bringing a lot of momentum and excitement, and activity and interest in the downtown area.

“Now, they’re seeing the cranes. Now, they’re seeing the walls going up, the buildings going up, the J.W. Marriott going up, everything that’s happening in Phase One of Water Street. OK, now I can almost touch it. It’s tangible,” he said.

Another major project, Midtown Tampa, is planned near Interstate 275 and North Dale Mabry Highway. That’s a $500 million mixed-use project of retail, residential and office, he said.

Riverwalk Place, a 50-story tower is going up in downtown Tampa. The $350 million project is the tallest building on the West Coast of Florida, Myers said.

It began as a mixed-use project, but the condo sales went so well, it was essentially converted to a residential project with retail at the bottom, he said.

Another project, called Heights Union, includes new office space being built at the southwest corner of Palm Avenue and North Tampa Street. Meanwhile, Highwoods Properties is building a new mixed-use project in Westshore.

Myers also noted that Tampa is being recognized by outside evaluators, as a good place to work and live.

Earlier this year, for instance, Zillow ranked Tampa as the No. 1 market for first-time homebuyers.

It’s also a great place to start a business, Myers said.

“Entrepreneurism in Tampa is at an all-time high, and there are more and more resources that are out there that are starting up to help our entrepreneurism ecosystem grow,” he said.

He also shared some of the economic development agency’s statistics.

“Between Oct. 1, 2016 and July 31, 2018: We worked with over 48 companies to make the decision to choose Hillsborough (County),” Myers said. That created nearly 6,200 jobs.

Those jobs, in turn, created nearly 2,300 indirect jobs and 4,060 induced jobs.

Published November 06, 2019

They are coming, will Pasco be able to build it?

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For decades, the population center of Pasco County has been on its western, coastal side. Areas surrounding Port Richey and New Port Richey have always been the focus of activity thanks to their proximity to Pinellas County.

But by 2025, that could all change. The southern portion of Pasco County, which as late as 1990 had population rivaling only the northern rural parts of the county, will not only overtake the New Port Richey area, but will become the most populous in Pasco.

The population of Pasco County is shifting from the western side, which officials have called ‘The Harbors,’ to the southern side. By 2040, areas like Wesley Chapel and Wiregrass Ranch could have 309,000 people, a population jump of more than 900 percent since 1990. (Image courtesy of Pasco County)
The population of Pasco County is shifting from the western side, which officials have called ‘The Harbors,’ to the southern side. By 2040, areas like Wesley Chapel and Wiregrass Ranch could have 309,000 people, a population jump of more than 900 percent since 1990. (Image courtesy of Pasco County)

The area, which includes Wesley Chapel and Wiregrass Ranch, could reach as high as 309,000 people by 2040, putting Pasco on the path to 1 million residents. And the county will have to be ready.

“We have a big responsibility in the Tampa Bay area,” Melanie Kendrick, senior planner in Pasco County’s economic development department, told members of the Greater Wesley Chapel Chamber of Commerce late last month. “As companies are looking to come to this area, and companies in Hillsborough and Pinellas are expanding, they don’t have the room. And great cities grow north.”

In 1990, the southern portion of the county — which officials are calling “Gateway Crossings” — had just 30,500 residents, compared to the nearly 142,000 on the western side. In 2010, Gateway Crossings expanded to a little less than 120,000, a jump of 293 percent, while the western side grew just 28 percent to 182,000.

By 2025, Gateway Crossings is expected to grow to 214,000 people compared to 194,000 on the western side, according to numbers provided by Pasco County officials.

Already, 94 percent of Pasco’s population resides in the unincorporated areas.

“If the Pasco County Commission were a city commission, we would be the 12th largest city in the state,” Commissioner Kathryn Starkey said at the chamber meeting. “It’s an interesting challenge for us as commissioners as we have to act like a city commission, while other commissions like the one in Pinellas actually controls very little with so many incorporated areas there.”

Pasco is one of the fastest growing areas in the state, but still exports 90,000 people a day to Hillsborough and Pinellas counties, while importing just 40,000.

“If we could get people to work here in the county, we could bring our wages up,” Kendrick said.

To make that growth work, planning had to start a long time ago, and the county is getting its act together, Starkey said. One of the first major issues the commission had to address once Starkey arrived was the permitting process, which she described as a “disaster.”

“We were known as a difficult place to do business,” Starkey said. “We still are, but we are working on that.”

Permitting has been streamlined, removing a lot of red tape that existed before, with the hopes that smart growth will be encouraged by the private sector. That does mean, however, building up rather than out. Density is going to be key, but Pasco will need the infrastructure to support it.

Already, key areas like U.S. 41 and the Suncoast Parkway junctions with State Roads 54 and 52 have more than 2 million people living within a 40-minute drive time. Wiregrass Ranch already is not far behind with 1.92 million people within a couple gallons of gas.

Yet, Pasco still wants to keep its community spirit with aspects like sidewalks and neighborhoods. Yet, some traffic arteries must remain arteries.

“State Road 54 will not be a main street,” Kendrick said. “It will not be walkable, ever.”

Communities are springing up on either side of State Road 54, which are pedestrian-friendly, but the county is going to need a much expanded road system to carry the incoming population and avoid traffic gridlock.

“You can see the numbers coming into the area, and they are not going to fit on (State Road) 54,” Starkey said. “You could walk faster.”

The county, however, will have to find ways to pay for it. Property taxes already are lower than 60 other counties in the state, Kendrick said, and the recent failure of the additional gas tax by the county commission is going to make it nearly impossible to build more roads in the foreseeable future.

“We’ve had to build $8 million out of the budget to fund roads, and we are going to have to do something to fill that gap,” Starkey said. “It’s going to be a challenge.”

Representatives from the Urban Land Institute, which is helping Pasco County officials with long-range economic development plans, are visiting this week to follow up on recommendations made five years ago. Further suggestions on how to enhance and support growth in the county will be made in the coming months.