Parker Co. Dallas Fort Worth IH-30 IH-20 Weatherford IH-35E · Weatherford EDA Weatherford Economic...

WeatherfordWeatherford EDAEDA

Weatherford Economic

Development Authority,

Inc.

IH-35W

Denton

Weatherford

Fort WorthDallas

IH-20

IH-35E

IH-20

IH-30IH-30

Parker Co.

IH-35

Hillsboro202 W. Oak St., Weatherford, Texas 76086

(817) 594-9429; Fax (817) 594-4786Email: [email protected]; www.weatherfordtxeda.org



Development

Weatherford Weatherford EDAEDAWeatherford Economic Development Authority Inc Authority,

Inc.Weatherford Economic Development Authority, Inc.

“A City Growing to the Future!”A City Growing to the Future!

202 W. Oak St., Weatherford, Texas 76086; (817) 594-9429; Fax (817) 594-4786 Email: [email protected]

www.weatherfordtxeda.org



Development Weatherford, Texas

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Authority,Inc.

eat e o d, e aswww.weatherfordtxeda.org

DemographicsDemographics

IH-35W

Denton

g pg p

Fort WorthDallas

IH-20IH-30

IH-30Parker Co.

Weatherford

IH 20

IH-35EIH-20

IH-35

Hillsboro



Development

Weatherford RTAWeatherford RTA & DFW Metroplex Districts2003 Forecast Districts - DFW MetroplexNorth Central Texas Council of Governments (NCTCOG)

Authority,Inc.

Weatherford Weatherford

Fort Worth

Dallas

The NCTCOG 2030 Demographic Forecast,

Conducted for the 10 counties surrounding the Dallas-Fort Worth urban core,

P di t th f l t 4 illi d j t 2 Predicts growth of almost 4 million persons and just over 2 million jobs between 2000 and 2030.

By 2030, the area is expected to reach 9.1 million persons and approximately 5.4 million jobs.

For more information, go tohttp://www.dfwinfo.com/forecast



Development

City/County City/County Population TrendsPopulation TrendsW h f d/P k C Authority,

Inc.Weatherford/Parker County

2004 – 10.01% growth; 2005 – 2.3% growth;2006 - 3.95 % growth; 2007 – 3.8% growth;g ; g ;2008 – 2.70% Growth; 2009 – 1.5% growth

42.38% growth since 2000 Census

2001-2010 -Estimates - NCTCOG

® Weatherford Economic Development Authority 2010



Development Parker County Population by CityParker County Population by City Authority,Inc.Parker County Population by CityParker County Population by City

25,000

30,000 27,050

15,000

20,000

10 950

5 000

10,000

15,000

2,650 1 300

10,950

1 900 2 750 2,7504,000

0

5,000

Aledo Annetta (Incl. all 3)

Azle Hudson Oaks

Reno Springtown Weatherford Willow Park

2,650 1,300 1,900 2,750 2,750

POPULATION*Population estimates from NCTCOG April 2010




Inc.

P l ti T dP l ti T dCity/County City/County Population TrendsPopulation TrendsWeatherford/Parker County

*

*

Parker CountyParker County is ranked 5is ranked 5thth in Population Change in Population Change since 2000 of the 12since 2000 of the 12 -- County DFW Metroplex AreaCounty DFW Metroplex Area

Parker 88,495 116,150 31.3

since 2000, of the 12 since 2000, of the 12 -- County DFW Metroplex AreaCounty DFW Metroplex Area

circa. May 2008/



Development Demographic Forecast DataAuthority,

Inc.

g pNorth Central Texas Council of Governments

20042004 –– 10.01% growth; 10.01% growth; 20052005 –– 2.3% growth;2.3% growth;20062006 3 95 % h3 95 % h 200200 3 8% h3 8% h20062006 -- 3.95 % growth; 3.95 % growth; 2007 2007 –– 3.8% growth;3.8% growth;2008 2008 –– 2.70% growth;2.70% growth; 2009 2009 –– 1.50% growth1.50% growth

42.38% Growth since 200042.38% Growth since 2000

City of Weatherford Population

2000 2005 2010 2015 2020 2025 203018,534* 23,488 (1) 27,050 27,050 29,551 30,656 35,786 38,584

23 450 (2005 NCT COG E t )23,450 (2005 NCT COG Est.)

25,950 (2008 NCT COG Est.)

26,650 (2009 NCT COG Est.)

(1) @ 3.0 % per/yr. population est. to be 27,318 in 2010 @ 3.0 % per/yr. population est. to be 27,318 in 2010 (WEDA Estimate)(WEDA Estimate)




Households

2000 2005 2010 2015 2020 2025 20307,442* 9,352 10,668 11,810 12,213 14,260 15,315

Employment Employment

2000 2005 2010 2015 2020 2025 20309,003 11,008 12,714 14,606 16,931 18,482 19,626*/NCTCOG estimate adjusted from 2000 Census count. Does not include group quarters.

This information is deemed to be from a reliable source, but is not warranted in any way by the Weatherford Economic Development Authority.



Development

2030 Population Density by TSZ P Sq Mil Authority,

Inc.Persons per Sq. Mile

Weatherford

SOURCE: NCTCOG 2030 Demographics Forecast, 2030 Household Population, NCTCOG – Research & Information Services, http://dfwinfo.com



Development

3rd QTR 2010 Parker County3rd QTR 2010 Parker CountyIndustry Sector Employment Authority

Govt.18.6%

NR & Mining4.6% Constr.

Industry Sector Employment

7.2%

Mfg.8.8%

Other3.3%

Trade, Trnsp, Whse & Util

Leisure & Hosp.11.9%

Whse & Util10.0%

I f S

Retail13.1%

Services (P&B/Ed- Info. Srvs.1.0%

Fin. Act.2.9%

Services (P&B/Ed-Hlth)

18.5%

“Texas Labor Market Review”, TWC-LMI Department® Weatherford Economic Development Authority 2010



Development

City/CountyCity/CountyAuthority,

Inc.

Civilian Labor Force TrendsCivilian Labor Force Trends

W th f d/P k C tWeatherford/Parker County

W'FD ParkerCty

39 80242,279 43,467

45,169 44,746 46,262 46,14050,138

52,966 52,788 53,859 55,258 55,487

45,000

50,000

55,000

60,000

65,000W FD Parker Cty

32,54335,611 36,993

38,995 39,802

20 000

25,000

30,000

35,000

40,000

#8,316

7,552 7,849 8,253 8,451 8,975 9,929 9,586 9,488 9,809 9,78510,671 11,233 11,194 11,422 12,675 12,832

0

5,000

10,000

15,000

20,000

Source: Texas Workforce Commission

1990 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 YTD






Authority,Inc.


Economic IndicatorsEconomic Indicators

IH-35W

Denton

Fort WorthDallas

IH-20IH-30

IH-30Parker Co.

Weatherford

IH 20

IH-35EIH-20

IH-35

Hillsboro



Development Key Economic Indicators “On the Watch!”


Weatherford Economic Development

Authority,Inc.

Authority,Inc.Key Economic Indicators “On-the-Watch!”

January (February) 2011[Caution! most “improvements/gains” are over recession “Lows” ] 95 88

111

80

100

120

B. Sales Tax Revenue to City: February (December sales) $892,180 M to M = +8.19% .

A.A. Prospect ActivityProspect Activity! ! January 2011– 9 prospects; YTD) = 35 .1. FY 2010 YTD = 111!

35

0

20

40

60

80

Prospects

2008 2009January ( November) $649,731 M to M = 7.19% ! December (October sales) $611,932 M to M = +8.72% ; November (September sales): 695,478 M to M = +0.12%; October (August sales): $615,872 M to M = +1.73% !; 2010 YTD: $7,855,511 (-2.98%)!YTD 2009 – 12 mo.: $8,096,926 (-8.91%)! ; YTD 2008 – 12 mo.: $8,889,445 (-11.63%)!July (May sales):$641,505 M to M = +5.75%, August (July):$764,632 M to M= +9.73% , Sept. (Aug):$615,765 M to M = +2.96%

2008 20092010 2011

C.C. 2010 Population growth2010 Population growth – NEW!! 2010 NCTCOG Estimate (April 2010) City @ 27,050 +1.50% ;County @ 126,000 +1.65%!; UP +42% since 2000 Census.

D. D. Residential Construction Permits: January 2011: 6 vs January 2010: 14! (-57.14%)1. W’fd YTD: 6 vs. 14 = (-57.14%); a) Average YTD value is “DOWN!” @ $166,063 vs. $175,1058 = (-5.14%) !2. PC YTD: 7 vs. 16 (-56.25%) ; January: 7 permits vs. 16 !

a) Average YTD value is “DOWN” @ $154,589 vs. $177,965 = (-13.13%) !3. W’fd 2010 YTD: 120 vs. 142 (2009) = (-15.5%); PC 2010 YTD: 159 vs. 220 (2009) (-27.73%)4. MLS – SOLD Listings: January 2011– 45 vs. 62 (-27.42%) !

a) Average YTD value is DOWN @ $153,160 vs. $154,638 (-0.96%);YTD Avg. Days on market = 112, up 45.45%

E. Commercial Construction Permits: W’fd YTD: 3 vs. 10 !, (-70.0%), January 2011: 3 vs. 10!1. W’frd YTD Value: DOWN $595,084 vs, $1,420,862 = (-58.12% )!;2. PC YTD 4 vs. 10 = (-60.0%) January 2011: 4 permits vs. 10 !;3. W’fd 3 vs 4 PC “Total” = YTD: 75.00% in City of Weatherford.4. W’fd 2010 YTD: 66 vs. 62, +6,45%. PC 2010 YTD: 76 vs. 73, +4.11%; 2010 YTD: 86.8% in City of Weatherford.



Development

F. 850,000 SF NEW Retail Center construction since 2005 – approx. $108,000,000 construction:11. 2009 Openings: McAlister’s Deli, AT&T Cellular, Eye Master’s; Monarch Dental, Kincade’s, Centennial Package Store , Which Wich; The Children’s PLACE Fuzzy’s Tacos Pulido’s new location Authority,

Inc.Which Wich; The Children s PLACE, Fuzzy s Tacos, Pulido s new location.

G. Unemployment RATE: January 2011: : Weatherford Weatherford –– 7.7%, UP!7.7%, UP! (986unemp.);(986unemp.);PC PC –– 8.0% , UP!8.0% , UP! (4,375unemp4,375unemp);1. vs. FW/Arlington MD FW/Arlington MD –– 8.4% UP8.4% UP! ; DFW; DFW--MSA MSA –– 8.5% 8.5% -- UP! UP! 2. 2. vs. Texas Texas –– 8.3% SA (8.5%) 8.3% SA (8.5%) –– UP; U.S. UP; U.S. –– 9.0% SA (9.8%) 9.0% SA (9.8%) UP!UP!.3. City/County Peak: July 2009 @ 8.3%/8.5%

4 Civilian Labor Force (CLF)Civilian Labor Force (CLF) City UP!: 12 750 from 12 745City UP!: 12 750 from 12 745(1/2010)(1/2010)/County Down: 55 012 from 55 124/County Down: 55 012 from 55 124 (1/2010)H. Unique business sectors:

1. NATURAL GAS SERVICES: Lower commodity price & less drilling;a) 2011 New wells (drilling) in Parker County: 6 YTD (2/18/11) vs. 8 YTD 2010 (-25.0%)212 (2008) to 54 (2010) (-74.5%)

4. Civilian Labor Force (CLF)Civilian Labor Force (CLF) –– City UP!: 12,750 from 12,745City UP!: 12,750 from 12,745(1/2010)(1/2010)/County Down: 55,012 from 55,124/County Down: 55,012 from 55,124 (1/2010)

b) 2009 New wells (drilling) in Parker County: 61 YTD 2009 (- 71.2.6%) vs.212 YTD in 2008 c) Commodity Price: February 2011 – DOWN/STABLE (LOW)! ; Low - $3.87(02/23) to

High - $4.49 (01/27); current - $3.87 (02/23); AVERAGE - $4.15 (02/2011).

2 MOTEL GROWTH: OCCUPANCY IS “IMPROVING”! (but over the 2009 LOW!)2. MOTEL GROWTH: OCCUPANCY IS IMPROVING ! (but, over the 2009 LOW!),4th Qtr 2010 UP! $1,573,531 vs. $1,400,390 (+12.36%) YTD 2010 UP! $6,697,607 vs. $6,159,547 YTD 2009 = (+8.47%3rd Qtr 2010 DOWN! $1,561,995 vs. $1,588,809 (-1.69%) (3rd Qtr 2009)2nd Qtr 2010 UP! $1,947,060 vs. $1,630,738 (2nd Qtr 2009)2010 1st Qtr UP +4.9% ; 2010 2nd Qtr UP +19.40%! ; 3rd Qtr Down (-1.69%) 4th Qtr UP! (+12.36%)

2008 YTD (- 5.5%); 2009 YTD (- 37.6%); 2010 YTD (3rd Qtr) +7.67% !

Hotel/Motel Tax Receipts*Hotel/Motel Tax Receipts* 4th Qtr. 2010 Taxable Receipts4th Qtr. 2010 Taxable Receipts % Change Y to Y% Change Y to Y % Change 3Q % Change 3Q to 4Qto 4Q

2008 - 22 Motels2009 - 24 Motels2010 - 25 Motels

814 Rooms998 Rooms

1007 Rooms$1,573,531 (+12.36%) YTD

$1 561 995 $1 573 531

( ); ( ) ; ( Q )

$1,561,995 vs. $1,573,531+0.74% Q to Q+0.74% Q to QYTD Totals 2007 vs. 2008

YTD Totals 2008 vs. 2009 YTD Totals 2009 vs. 2010

$10,450,713 vs. $9,874,324$9,874,324 vs. $6,161,556

$6,159,547 vs. $6,697,607

(- 5.52% YTD)(- 37.6% YTD) + 8.74% YTD

[Caution! most “improvements/gains” are over recession “Lows” ]



Development City/County - Annual


Weatherford Economic Authority,

Inc.B. Sales & Use Tax TrendsWeatherford/Parker County

Economic Development

Authority,Inc.

$19,623

$21,153

$20,000

$22,000

$24,000In ,000’s

Total County‐wide Sales Tax Revenue>INCREASED 2.52x’S SINCE 1999!

’

$14,010

$17,012

$13,209$13,307

$14,000

$16,000

$18,000 >INCREASED 1.99x’S SINCE 2003!

$8,391$9,626 $10,139 $10,148 $10,583

$11,728

5 2 1 90 6,670

$7,307

$8,162

$8,899

$8,097

$7,855

8 192

6,566

10 97$8,000

$10,000

$12,000

$3,238

$1,356

$4,141

$4,897

$5,145

$5,042

$5,191

$5,69 $6

962 $2,195

$2,511

$2,681

$2,736

$2,823

$3,261

$4,064 $5,268 $6, $6

$5,71

$5,69

$2 000

$4,000

$6,000

$ ,

$ $9

$0

$2,000

1990 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010Total Weatherford Parker CountySource: State Comptroller’s OfficeWeatherford Economic Development Authority, Inc. 2010



Development

Weatherford/ Annetta, Hudson Oaks, Springtown, Aledo & Willow Park

D N R id ti l B ildi P itD N R id ti l B ildi P it Authority,Inc.D. New Residential Building PermitsD. New Residential Building Permits

550514

City of W'fd TOTAL-All of 6 Incorporated PC cities(1)(1) Sources:

450

500

400

465

514(1) Sources:a. City of Weatherford Planning & Development Department/WEDA Monthly EI’sb. 5 other Cities of Annetta, Hudson Oaks, Springtown, Aledo & Willow Park

300

350

400

283314301 291

310327

3701010--yr Average = 354.8yr Average = 354.8

200

250

300

191 181192 213

175

241216

163

262 264

2201010--yr Average = 220.5yr Average = 220.5

100

150

163139

68

0

50

1990 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009

42




Development Weatherford, Annetta, Hudson Oaks, Springtown, Aledo & Willow ParkAuthority,

Inc.

, , , p g ,

New Residential Building Permits

465

514500

550

Weatherford Parker Cty ‐ All 6 Cities (1)(1) Sources: City of Weatherford Planning & Development Department/ WEDA Monthly

283314291

310

400

327

262

370

264300

350

400

450

10-yr Average = 354.8

10-yr. Average = 220.5

199 191 181 192

213

175

241216

163139

112

308 301 262 264220

142150

200

250

300

42

112

68

0

50

100

1990 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 YTD1990 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 YTD




Development

Barnett Shale – Natural Gas Production: Fort Worth Basin; Parker County/Weatherford

H.1. 2006H.1. 2006--2009 Barnett Shale New 2009 Barnett Shale New D illi Ri P iD illi Ri P i Authority,

Inc.

700Johnson Cty

657

Drilling Rigs PermitsDrilling Rigs PermitsSource: “Weekly” - Star Telegram Information provide by RigData

600

700Johnson Cty

569

657

400

500

Johnson Cty

Johnson Cty326

Wi Ct

200

300Parker Cty

188

Parker Cty231 Parker Cty

212

Johnson Cty278

Wise CtyWise Cty

152

Wise Cty232

Wise Cty141

0

100Parker Cty

61

101

02006 2007 2008 2009

Parker Cty Johnson Cty Wise Cty


(2 wks Sept only)



Development

Weatherford Hotel & Motel Growth Retail & Commercial Businesses Authority,

Inc. Retail & Commercial Businesses Population growth, Equine “Cutting Horse” activities Barnett Shale Natural Gas Services Proximity to Metroplex Attractions Other Factors

Five new motels have been constructed in the last five years. 2004-2009 – One new Motel is under construction which will bring the total rooms to 1078.

LaQuinta 62 rooms Opened Jan. 2002 Super 8 64 rooms Opened June 2002 Comfort Suites 57 rooms Opened Mar 2003 Motel 6 51 rooms Opened Oct 2003 Quality One 33 rooms Opened Nov 2003 Holiday Inn 84 rooms Opened Dec 2003 Best Value Inn 78 rooms Opened Mar 2004 Hampton Inn 69 rooms Opened 2005 Sleep Inn 51 rooms Opened July 2007 Fairfield Inn 86 rooms Opened March 2009 Holiday Inn Express 105 rooms Opened March 2009y p 5 p 9 Candlewood Suites 75 rooms Completed 2010

Hotel/Motel Tax Receipts*Hotel/Motel Tax Receipts* 44rdrd Qtr. 2010 Taxable ReceiptsQtr. 2010 Taxable Receipts % Change Y to Y% Change Y to Y % Change 3% Change 3rdrdQ to 4Q to 4ththQQ

25 Motels 1007 Rooms $1,573,531 12.36%


This information is deemed to be from a reliable source, but is not warranted in any way by the Weatherford Economic Development Authority. *Texas Comptroller of Public Accounts

$$1,561,995 vs. $1,573,5311,561,995 vs. $1,573,5310.74%0.74%YTD Totals 2008 vs 2009

YTD Totals 2009 vs 2010$9,874,324 vs $6,159,547$6,159,547 vs $6,697,607

(- 37.60%)+8.74%+8.74%



Development

Wf’dWf’d Hotel & Motel GrowthHotel & Motel GrowthQ t l H t l T bl R i t Authority,

Inc.Quarterly Hotel Taxable Receipts

$10.45$9.874

$10.00

$11.00

814 Rooms

$7.53

$8.87

$6 16$6.70

$7.00

$8.00

$9.00

741 Rooms 20 Hotels

776 Rooms 19 Hotels

22 Hotels

$4.13$4.64 $4.69

$5.51$6.16

$4 00

$5.00

$6.00

$

Mill

ions

641 Rooms726 Rooms 16 Hotels

710 Rooms 18 Hotels

998 Rooms23 Hotels

1003 Rooms25 Motels

$2.00

$3.00

$4.00

456 Rooms 12 Hotels

641 Rooms 15 Hotels

16 Hotels711 Rooms 19 Hotels

$0.00

$1.00

2001 2002 2003 2004 2005 2006 2007 2008 2009 20101st QTR 2nd QTR 3rd QTR 4th Qtr TOTAL

® Weatherford Economic Development Authority 2011This information is deemed to be from a reliable source, but is not warranted in any way by the Weatherford Economic Development Authority.



Development

PARKER COUNTY

County Number 184

•Aledo ISD



Development A th it

Wise Co.Jack Co.

Authority,Inc.•Brock ISD

•Garner ISD•Millsap ISD•Peaster ISD•Poolville ISD•Springtown ISD•Weatherford ISD

Authority

Also includes portions of:

•Azle ISD•Granbury ISD•Lipan ISD•Mineral Wells ISD•Perrin-Whitt Cons ISD•Santo ISD Weatherford Weatherford

Palo Pinto Co.Tarrant Co.

k h l i i

Hood Co.

Parker County School Districts



Development Parker County School DistrictsParker County School Districts Authority,Inc.

Parker County School DistrictsParker County School Districts

I S D 2008-2009

TOTAL 2010

SCHOOL TAX I.S.D. TOTAL STUDENTS

SCHOOL TAX RATE

ALEDO 4,579 $1.4252 BROCK 812 $1.3910 GARNER 194 $1.09536 MILLSAP 747 $1.5350 PEASTER 1104 $1 3528 PEASTER 1104 $1.3528 POOLVILLE 575 $1.2450 SPRINGTOWN 3608 $1.3937 WEATHERFORD 7642 $1.4000

This information is deemed to be from a reliable source, but is not warranted in any way by the Weatherford Economic Development Authority, Inc.



Development Parker County School District RatingsParker County School District Ratings Authority,Inc.Parker County School District RatingsParker County School District Ratings

School Location

No. Schools/Cit

2008 Tax Rate

Weatherford 11 Elem - 7 3,979 $1.4000 1 Exemplary 6 RecognizedNo. Students/City

Texas Education Agency (TEA District Rating) 2007-2008

Middle - 3 1,753 2 Academically Acceptable 1 RecognizedHS - 1 1,505

Aledo 6 Elem - 3 1,939 $1.4252 2 Exemplary 1 RecognizedMiddle - 2 1,017 1 Exemplary 1 RecognizedHS - 1 1,472 Academically Acceptable 1 Recognized

Academically Acceptable

Brock 3 Elem - 1 348 $1.4085 RecognizedMiddle - 1 178 RecognizedHS -1 249 Recognized

Garner 1 Elem - 1 185 $1.0813 RecognizedMillsap 3 Elem -1 317 $1.5350 Recognized

Middle - 1 163 Academically AcceptableHS -1 277 Recognized

Peaster 3 Elem - 1 462 $1.3528 ExemplaryMiddle - 1 252 RecognizedHS - 1 325 Academically Acceptable

Poolville 3 Elem - 1 294 $1.2450 RecognizedMiddle - 1 97 Academically AcceptableHS -1 170 Academically Acceptable

Springtow n 6 Elem - 3 1,491 $1.3670 2 Academically Acceptalbe 1 Not RatedMiddle - 2 1,048 2 Academically AcceptableHS - 1 1,050 Academically Acceptable

Figures based o f 2007/2008 Schoo l Year.




Development Weatherford CostWeatherford Cost ofof LivingLiving Authority,Inc.Weatherford CostWeatherford Cost--ofof--LivingLiving

THE COMPOSITE INDEX for WEATHERFORD was 91.3%, which is 8.7% below the Nationwide average of 100%.C2ER COST-OF-LIVING SURVEY 2010 ANNUAL AVERAGE

Composite Grocery Items Housing Utilities Transportation HealthcareMisc. Goods & Services

Weatherford 91.3 95.9 79.4 107.7 96.2 92.9 93.391.0 89.8 77.8 106.4 97.6 93.6 96.191 8 96 2 70 5 105 7 100 9 103 6 100 4

City/MSA

Fort Worth Dallas

C2ER COST OF LIVING SURVEY 2010 ANNUAL AVERAGE

91.8 96.2 70.5 105.7 100.9 103.6 100.497.3 101.2 84.9 104.2 101.8 102.7 102.6

Arlington Plano BeaumontCorpus Christi Plano Lufkin Arlington

High's of 32 Texas Cities 99.3 101.3 95.6 113.7 101.8 105.3 106.4Harlingen McAllen Dallas Lubbock Wichita Falls Waco Harlingen

Lo 's of 32 Te as Cities 82 8 79 8 70 5 75 0 82 5 90 7 79 1

PlanoDallas

Low's of 32 Texas Cities 82.8 79.8 70.5 75.0 82.5 90.7 79.1

97.1 95.3 87.6 104.0 102.0 103.5 101.8CONSUMER AND PRODUCER PRICE INDICES

United States164.7 172.2

Avg. of 32 Texas Cities

Annual 2000Dallas/Fort Worth

184.7 195.3190.1 201.6193.24 207.34201.78 215.3200.54 214.53201 58 218 06

Annual 2006Annual 2007Annual 2008

Annual 2005

Annual 2009Annual 2010 201.58 218.06This information is compiled from several different sources to produce this graphic showing the economic indicators on Annual 2010

Weatherford and Parker County and was provided by the office of Weatherford Economic Development Authority, Inc.





Authority,Inc.


Growth & DevelopmentGrowth & Development

IH-35W

Denton

pp

Fort WorthDallas

IH-20IH-30

IH-30Parker Co.

Weatherford

IH 20

IH-35EIH-20

IH-35

Hillsboro




Inc.



Development

Weatherford Weatherford –– IH20 & S. MainIH20 & S. Main 13

149

Authority,Inc.

Petro Truck Stop

2

Weatherford Ridge (under Construction) 300,000 SF JCPenny/Belk’s

Wal-Mart

Home Depot

Weatherford MarketPlace CenterWeatherford MarketPlace Center500 000 SF; 65 acres; Lowe’s Target Kohl’s500 000 SF; 65 acres; Lowe’s Target Kohl’s

Home Depot

82 H it l C t C t H P li St ti

Hotel Cluster1

500,000 SF; 65 acres; Lowe s, Target, Kohl s500,000 SF; 65 acres; Lowe s, Target, Kohl s

3

8

9

2 13

14

4 12

Hospital

Chamber of Commerce

City Hall

County Court House

County Annex

Dept of Public Safety

Police Station

Post Office1 High School




Inc.

JC PJC PENNEYENNEYBBELKELK

WWALAL*M*MARTARTSSUPERUPERCCENTERENTER

HHOMEOME DDEPOTEPOT EEXITXIT 408408

KKOHLOHL’’SS

TTARGETARGET

BBESTEST BBUYUY

LLOWEOWE’’SS




Inc.

Weatherford Retail Sales – Phase I ReportJune 2008, Civic Economics, Dan Houston, Austin, TXWeatherford Retail Sales – Phase I ReportJune 2008, Civic Economics, Dan Houston, Austin, TX

Weatherford Retail Trade Area 75,153+ Retail Trade Area

Populationp1) 2007 City = 25, 9502) 2007 County = 120,300

Population outside City Limits is 20%+ wealthier20%+ wealthier

“Exurban” – Rural, established economy w/ growth tied to a large MSA/Metroplex

1) th th “S b b ”1) rather than “Suburban”

Residents of ANY Retail Trade Areain a region, frequently travel to an adjacent Large MSA/Metroplexj g p



Development

Weatherford Retail Sales – Phase I Report/ Phase III M h Ph III R i i / d tWeatherford Retail Sales – Phase I Report/ Phase III M h Ph III R i i / d t Authority,

Inc.

Weatherford Market Area (MA) Summary

March 2010- Phase III Revisions/update,Civic Economics, Dan Houston, Austin, TXMarch 2010- Phase III Revisions/update,Civic Economics, Dan Houston, Austin, TX

$801,665,609 $801,665,601$900,000,000

2009 Revisions City or MA Demand City or MA Sales Market Availability MA 2009 Revision

(2007 Market Area Demand & Sales) (2007 Market Area Demand & Sales)$801,665,916$801,665,916 $801,665,916$801,665,916

$444,244,877

$620,261,748

$636,851,455

$620,261,748$378,122,662

$500 000 000

$700,000,000 (City Demand & Sales)

$444,244,877 (+17%)

$620,261,748 (-23%) $620,261,748 (-23%)

(2009 Market Area Demand & Sales) (2009 Market Area Demand & Sales)

$239,507,724

$378,122,662$636,851,455

$423,543,307$300,000,000

$500,000,000

$239,507,724$239,507,724

($138,614,938)

$164,814,514

$176,016,871-$100,000,000

$100,000,000

REGIONAL Retail CenterREGIONAL Retail Center Sales EXCEEDING City Demand!Sales EXCEEDING City Demand!($138,614,938)

-$300,000,000Weatherford Retail Trade Area vs. MAS RTA vs. City Sales

REGIONAL Retail Center REGIONAL Retail Center -- Sales EXCEEDING City Demand!Sales EXCEEDING City Demand!

“MAS” = Market Area Sales; Retail Trade Area = “RTA”



Development Weatherford Retail Sales – Phase I ReportWeatherford Retail Sales – Phase I ReportAuthority,

Inc.

pJune 2008, Civic Economics, Dan Houston, Austin, TX

pJune 2008, Civic Economics, Dan Houston, Austin, TX

Retail Segment EXPANSION OpportunitiesM k t A D d Cit S l M k t A il bl

$70 ,0 0 0 ,0 0 0

Market Area Demand City Sales Market Available

$33,

462,

124

,744

322,

380

8,51

5,66

7

26 541

$57,

368,

323

29 94 03 1

$50 ,0 0 0 ,0 0 0

$12,

139

$21, $2

$12,

379,

1 2

$16,

136,

5 $

$14,

438,

32$4

2,92

9,99

$15,

273,

00

$2,3

13,9

12

$12,

959,

091

$6,1

94,6

83

5,07

5

6,02

9,60

8$3 0 ,0 0 0 ,0 0 0

$

$165 $6

$10 0 0 0 0 0 0

$10 ,0 0 0 ,0 0 0

- $10 ,0 0 0 ,0 0 0

Furniture & HomeFurnishings

Electronics &Appliances

Clothing Sporting Goods Books & Music

NOTE: “Market Area Sales” ARE about the same volume as “City Sales” for these segments.



Development Weatherford Retail Sales – Phase II ReportWeatherford Retail Sales – Phase II ReportAuthority,

Inc.September 2008, Civic Economics, Dan Houston, Austin, TXSeptember 2008, Civic Economics, Dan Houston, Austin, TX

Current Retail DevelopmentRetail Zones




Development

44Weatherford Retail Sales – Phase II ReportSeptember 2008, Civic Economics, Dan Houston, Austin, TXWeatherford Retail Sales – Phase II ReportSeptember 2008, Civic Economics, Dan Houston, Austin, TX

Authority,Inc.

Current Retail DevelopmentR t il Z

33

55

p , , , ,p , , , ,

Retail Zones

Area 4: Weatherford Ridge

Area 5: Weatherford MarketPlace

Area 4: Weatherford Ridge

Area 3: Wal-Mart. etc.




Development

Weatherford RidgeWeatherford Ridge(under construction)(under construction)

Holiday Inn Express Holiday Inn Express

Anchors: Lowe’s, Target, Kohl’s.

Major Tenants:Best BuyPetsMart

Authority,Inc.

Exit 408Exit 408

PetsMart20,000 SF availableRossRack RoomChili’s, On the BorderCracker BarrelChick-Fil-A O h

Out Parcel 9 & 10 - For Sale. Staubach RETAIL,Steve Ewing - 972.361.5513 Heather Winn -972.361.5521 ; Lauren Johnson - 972.361.5094

Weatherford MarketPlace CenterWeatherford MarketPlace Center

Kohl’sKohl’s Others.

Lowe’sLowe’s

TargetTargetLot 7 - Out Parcel – For Sale or BTS. 49,000 SF.Strode Propert Co

Weatherford Park Center Weatherford Park Center 15+ Acres – Stice Construction & Design/Build. Dempsey Stice 817.269.6740

19,500 SF, formerly Office Depot (Jan. 2009) Clay Mote or Christopher Gibbons - 214.378.1212 Venture Commercial RE. Dallas, Tx; www.venturedfw.com

Lowe sLowe sStrode Property Co., Chuck Keller, 214-361-6900

Direct Impact:3 M j A h 28 B i 1200 j b

Weatherford MarketPlace CenterSEQ of S. Main & IH20, Exit 408. Lease Space & Pad Sites.The Woodmont Company; Bryan Dyer – Trip Green; 817.732.4000

3 Major Anchors 28 Businesses 1200 jobs$ 66,800,000 CI in Real Estate & Equipment$ 1,800,000 Added Property Tax$152,000,000 Sales$ 3,050,000 new Sales Tax/year65 acre, 503,798 SF



Development


Direct Impact (ALL estimates):2 Major Anchors 30+ Businesses 700 (est.) jobs40+/- acres, 300,000 SF

Anchors: JC Penney & Belk Department Store.Major Tenants:Michael’s > Olive Garden

Authority,Inc.Bed, Bath & Beyond

ULTA >Famous FootwearLogan’s >Which Wich The Children’s PlacePeter Piper Pizza > Rue 21Buffalo Wings > Kincaid’sDenny’s > CareNow!Denny’s > CareNow!Taco Cabana Monarch Dentistry McAlister's Deli > Eye Masters FedX/Kinko’s > oolala! (coming?) AT&T Cellular > AIM Mail Center Chase Bank > Centenial Packageg

Weatherford Ridge - NEQ of S. Main & IH20, Exit 408The Retail Connection; Jeremy Zidell & Terry Syler; 214-572-0777



Development

September 2009

RR Commission – Gas Well Counts -Regular Producing!

Authority,Inc.

g gSource: RR Commission of Texas “Gas Well Count as of September 2009”

1. Wise Co. –3,998 Wells2. Denton Co. – 2,615 Wells3. Johnson Co. – 2,368 Wells

Parker Co.

3. Johnson Co. 2,368 Wells4. Tarrant Co. – 2,093 Wells 5. Parker Co. 5. Parker Co. –– 1,759 Wells1,759 Wells6. Palo Pinto Co. – 1,484 Wells7 Jack Co 1 304 Wells7. Jack Co. – 1,304 Wells

July 2009

Gas & Oil Well Counts – “Producing Wells”!

Weatherford

Wells”!Source: Basin Oil&Gas Magazine, “Fort Worth Basin AREA REPORTS”, December 2009, the energy division of IHS, Inc.

N. Gas Wells; Oil wells.1. Wise Co. – 4,109; 642

D t C 66 2. Denton Co. – 2,719; 66 3. Johnson Co. – 2,687; 24. Tarrant Co. – 2,343; 1 5. Parker Co. 5. Parker Co. –– 1,846; 1,846; 12126. Palo Pinto Co. – 1,499; 405 7. Jack Co. – 1,308; 1,6658. Stephens Co. – 1,020; 1,527Out of 24 County Production Area Fort Worth Star-Telegram,

No Slowdown in the Barnett Shale – Drilling Westward, Dan Piller, March 17, 2006



Development

Economic Impact AnalysisCutting Horse Industry (2006)

“Cutting Horse Capital of the World”

Authority,Inc.Cutting Horse Industry (2006)

Weatherford & Parker County

A. Direct Impact:734 Jobs [57 Businesses] $ 7 407 000 Salaries734 Jobs [57 Businesses] $ 7,407,000 SalariesTaxable sales (est.) $ 4,037,000Annual Tax Revenue Paid $ 300,400Total “Direct” Impact to the Economy: $11,744,400p y , ,a) 1.5% of all jobs and salaries in Parker County (49,870 CLF/$503 million salaries)

B. Indirect and Induced Impact:1347 Jobs [105 (est.) Other Businesses] $18,021,000 SalariesTaxable Sales $ 9,815,700Annual Tax Revenue Paid $ 730,300Total “Indirect” Impact to the Economy: $28,567,000a) 2 94% of all jobs in Parker County; 3 54% of all Salaries in Parker Countya) 2.94% of all jobs in Parker County; 3.54% of all Salaries in Parker County

C. Total Impact2081 Jobs [162 (est.) Businesses] $25,429,000 SalariesTaxable Sales $13 852 000

Presented By:Weatherford Economic

Development Authority, Inc.& Impact Data Source


Taxable Sales $13,852,000Annual Tax Revenue Paid $ 1,031,000Total “Input” to the Economy: $40,312,000a) 4.2% of all jobs in Parker County; 5.1% of all Salaries in Parker County

& Impact Data Source,Jerry Walker,

Austin, TX 78735512) 892-0205




Inc.

Existing East/Front Entry

SW - New Emergency Ambulance Entry $27 Million Expansion/RenovationCurrent hospital building is 187,000 SF, expanded to 230,000 SF.

43 000 sq ft of new construction; 13 600 sq ft of major 43,000 sq. ft. of new construction; 13,600 sq. ft. of major renovation; 1,500 sq. ft. of cosmetic renovation

New 23-Bed Emergency Department;

New 12-Bed Intensive Care Unit;

New Pre-Admit Testing & Training Department

Expansion of Imaging, Laboratory & Pharmacy Services;

New Emergency Department - InteriorSE - New Emergency Entrance



Development Weatherford CollegeAuthority,

Inc.

g

Weatherford College CampusCollege Campus




Inc.



Development

1) New Frontage roads, additional on/off Ramps, the widening ofSH 171/FM 51 Bridge and a New Bridge at Holland Lake Rd alongI-20.

2) New Frontage roads and Ramp reversals between Bethel Rd and Authority,Inc.

2) New Frontage roads and Ramp reversals between Bethel Rd andS. Bowie Dr.

3) Widening of SH 171/FM 51 from I-20 through Causbie Rd.

4) Widening of S. Main St. from Bethel Rd to I-20.

5) The extension of Denton St from Fort Worth Highway to FosterDr.

6) Widening of Tin Top Rd from Bethel Rd to near I-20.

7) Widening of Adams Dr from S. Main St. to Texas Dr.

8) The extension of Texas Dr. from Washington Dr. to I-20.

9) Widening of bridges on Franklin St. over the RR and TownCreek.

City of Weatherford

10) Extension of Spring St to connect to Bridge St at N. Main.

11) A new collector road that will connect Bethel Rd. to Tin TopRd., SH 171/FM 51 and the I-20 frontage road.

\\server1\weda\Traffic\City_Trans Improve Program_FALL 2007 OVERVIEW.ppt

City of Weatherford

TRANSPORTATION IMPROVEMENT PROGRAM:IH 20 - Exit 406 to 409 & S. Main



Development

WB-EB Frontage Roads IH20 S Main/SH 171 (E it 408) to Santa Fe Dr Clear Lake Rd/FM2552 (E it 409) Authority,

Inc.S. Main/SH 171 (Exit 408) to Santa Fe Dr.-Clear Lake Rd/FM2552 (Exit 409)



Development

S. Main (north project)SH 171/FM 51 (FM 1884 B th l Rd ) t IH20 Authority,

Inc.SH 171/FM 51 (FM 1884-Bethel Rd.) to IH20



Development S. Main (south project) - SH 171/FM 51 South;IH20 to

Authority,Inc.Causbie Rd



Development

WB-EB Frontage Roads IH20S B i (E i 6) B h l Rd FM 88 Authority,

Inc.S. Bowie (Exit 406) to Bethel Rd. FM 1884



Development Proposed SW Loop 003 - BB Fielder Dr.

Authority,Inc.City Of Weatherford – Community Development Dept., 04-2007

**Note: Preliminary Alignment, Subject to change!





Inc.

“West Loop”“West Loop”– circa. 2014

“West Loop”“West Loop”circa 2014

IH20

– circa. 2014

E it 406

Exit 410

Exit 409

Exit 408

Weatherford Economic Development Authority, Inc.: This information is deemed to be from a reliable source, but is not warranted in any way by the Weatherford Economic Development Authority.`

2008 (11/04/2008) Parker County Transportation Bond – Weatherford “West Loop”2007 Annexation

Exit 406




Inc.


202 W. Oak St., Weatherford, Texas 76086(817) 594-9429; Fax (817) 594-4786Email: [email protected]; www.weatherfordtxeda.org



Inc.

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