Michael Horne
Plenty of Horne

Millennials Drive Downtown Growth, GMC Told

Younger residents far more important than empty nesters in driving city growth, and urban areas are surpassing suburbs, speakers at conference note.

By - Jan 14th, 2014 11:24 am
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Younger residents far more important than empty nesters in driving city growth, and urban areas are surpassing suburbs, speakers at conference note. Back to the full article.

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4 thoughts on “Plenty of Horne: Millennials Drive Downtown Growth, GMC Told”

  1. Nogari says:

    “There is no 13th floor, so actually it will be 17 not 18 floors,”

    Are people really that silly?

  2. Tyrell Track Master says:

    Marvelous set of news, and thank god some reasonable agreement was made about the freeway ramps. Of course I would have town 794 down, but this is certainly better than what’s there now.

    As for millenials… all true! but warning! Millenial growth in Milwaukee is rather stalled compared to other cities. Have you guys checked out this report by the Urban Land Institute? http://www.uli.org/wp-content/uploads/ULI-Documents/Emerging-Trends-in-Real-Estate-Americas-2014.pdf

    Could be worse, but MKE would be wise to be conservative with some growth expectations and the rest of you cats should be wise to keep promoting economic opportunity. I can’t beleive anyone would ever move to Las Vegas or Orlando but nonetheless, those places are pulling people in because they’re dirt cheap and offer jobs. Milwaukee needs to be mindful!!!

  3. Tracy H. says:

    I have to second Tyrell’s message about Millennial growth patterns. The report linked above is a great source to support caution. As a case study, I lived downtown between 2005-2011, but relocated to Orlando, FL precisely due to a lack of job options within in 5 mile radius of where I lived. Milwaukee is leaps and bounds ahead of Orlando in terms of quality of life, urban living, and support for young professionals; but its professional environment is too far behind when it comes to recruitment of younger professionals and retirements. Luckily for me, I am able to boomerang two years after moving and am headed back to live and work downtown, but many people close to me, who went to school in Milwaukee, are still in places like Chicago, New York, Orlando, San Francisco, and Indianapolis; not because they wanted to leave MKE, but rather the opportunities elsewhere.

  4. Tim says:

    The report is interesting, I’m just trying to see where they’re getting their estimates. I see a reference to the Moody’s Analytics & the U.S. Census Bureau… although no specific material.

    Anyone know where they’re pulling it from? I’m just having a hard time believing that over the next 5 years, Milwaukee has a projected decline of 3.8% for millenials…

    Jobs are a huge factor in whether Milwaukee is attracting or losing people, especially millenials. This is a SE WI issue but it seems good-enough has been the status quo for at least a generation.

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