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1 A Look at the Dulles Corridor. The Dulles Corridor The Dulles Corridor is home to several of the Washington metropolitan region’s most dynamic and rapidly.

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Presentation on theme: "1 A Look at the Dulles Corridor. The Dulles Corridor The Dulles Corridor is home to several of the Washington metropolitan region’s most dynamic and rapidly."— Presentation transcript:

1 1 A Look at the Dulles Corridor

2 The Dulles Corridor The Dulles Corridor is home to several of the Washington metropolitan region’s most dynamic and rapidly growing activity centers. It is characterized by a variety of residential communities, office complexes, retail centers and a mix of educational, recreational and leisure facilities anchored on the west by Washington Dulles International Airport. “The draw of Tysons — its plum location between Washington and Dulles, the major highways cutting through it — has made it endlessly marketable to businesses despite the suburban gridlock,” according to Time Magazine. 2

3 The Dulles Corridor Growth “In 1980, the Dulles and Route 28 Corridors were less than 4% of the entire metro area’s economy. Today, they are nearly 25% of the total. Evolution of the Dulles Corridor can be considered in three phases. From 1962 until the parallel toll lanes opened in 1984, the Dulles Corridor was only used for airport access. Creation of the initial Toll Road marked the second phase. Evolution into phase three with rail will fully integrate the Dulles Corridor into the region’s transit system.” -Washington Airports Task Force 3

4 4 Quality of Life in Fairfax County Over the past 40 years, 1970 to 2010, Fairfax County has grown by 600,000 people and 530,000 jobs 2007: 1,041,507 lived in Fairfax County 2008: 588,373 employed in Fairfax County Money Magazine named Reston, the Sully and Hunter Mill areas, and Burke of Fairfax County among its top 100 places to live in America Inova Hospital System named one of “America’s Best Hospitals” by U.S News and World Report Fairfax County has 30,000 acres of public parkland National Air and Space Museum’s Steven F. Udvar- Hazy Center is one of the most visited attractions in Virginia

5 5 Tysons Corner Virginia’s largest office market and one of the leading business centers in the nation with 25.6 million square feet of office space Employs more than 135,000 with nearly 2,000 jobs added last year Average housing price between $435,100 and $873,500 Tysons Corner Center is the sixth largest mall in the United States at more than 2.5 million square feet. Ranked by Money magazine among the 25 “top-earning towns” in the U.S. in 2007

6 6 Tysons Corner in 2050 From 2010 to 2050, Tysons Corner would see a growth of 97,300 jobs and 67,400 people A total of 209,900 jobs and 85,900 people by 2050 86% job growth 364% population growth Tysons Corner Growth 80 Years 1970-2050 Source: George Mason University Center for Regional Analysis: Forecasts for Tysons Corner 2050 By Stephen S. Fuller and John McClain 000s

7 7 Tysons Corner Growth Tysons Corner-Job ForecastsTysons Corner- Population Forecast Source: George Mason University Center for Regional Analysis: Forecasts for Tysons Corner 2050 By Stephen S. Fuller and John McClain 000s

8 City of Falls Church Population 11,169 7.6% increase from 2008 Median value of housing $277,100 Median household income $105,456 8

9 McLean Current population: 38,929 2015 projected population: 73,017 2025 projected population: 81,653 4.2 million square feet of office development 900,000 square feet of retail development Average family income $181,773 Businesses include Booz Allen Hamilton, Capital One, The MITRE Corporation, SAIC Home of Central Intelligence Agency 9

10 Vienna Hunter Mill District area ranked among the best places in live in United States by Money magazine in 2008 Current population: 63,587 2015 projected population: 72, 098 2025 projected population: 77,274 2.5 million square feet of commercial space Majority of households make more than $100,00 Wolf Trap Farm Park, Meadowlark Gardens 10

11 11 Reston One of the most successful modern, post-war planned communities in the United States More than 60,000 residents Employs more than 53,309 people Added 9,369 jobs between 2000 to 2008 Ranked 37 on Money magazine’s list of best places to live in the United States Average housing price between $370,200 and $526,500 Second largest office market in Fairfax County with more than 18.3 million square feet of space Home to 5 of the 20 largest venture capital firms in the D.C. area $6.9 billion of capital are under management of the Reston firms; 53% of the top 20 regional venture capital firms

12 12 Herndon 3 rd largest town in the Commonwealth of Virginia 23,476 residents, a 0.47% increase from 2008 Population expected to grow to 26,270 by year 2030 9,351 jobs added between 2000 to 2008 Average housing price: $317,700 Part of the Dulles Technology Corridor, which Fortune magazine named the "Netplex" because of the presence of the headquarters of such companies as AOL, Verizon Business, and Network Solutions New home to the Volkswagen North American Headquarters

13 13 Chantilly 41,041 residents according to the 2000 Census data Average housing price: $426, 600 5,754 jobs added between 2000 and 2008 6.8% job growth in the last seven years Home to Washington Dulles International Airport, National Air and Space Museum Steven F. Udvar-Hazy Center and the Headquarters of the National Reconnaissance Office

14 14 Education in Fairfax County All Fairfax County high schools have been designated among the most demanding public schools in the country according to Newsweek Thomas Jefferson High School for Science and Technology was ranked among the top public elite schools 1,478 schools were chosen to represent the top six percent of high schools nationwide in the Newsweek rankings

15 Higher Education in Fairfax County George Mason University Fairfax, VA 30,000 students 156 degree programs The University of Northern Virginia Annandale, VA Northern Virginia Community College Annandale and Reston 64,000 students 150 degree programs Continuing Education: Virginia Tech, Falls Church University of Virginia Darden School of Business 15

16 16 Loudoun County Current population of 283,315, one of the fastest-growing counties in the nation since the late 1990s In the next 10 years the population is projected to grow by 29% Ranked 5th for Quality-of-Life among all U.S. counties in a national study conducted by American City Business Journals, Inc. Currently employs over 150,000 people One of three Virginia counties with unemployment less than 5% Between 2008 and 2018, employment is projected to increase by 43% Ranked 4 th in Money Magazine’s list of top U.S. counties for job growth Major businesses: Washington Dulles International Airport, Inova Loudoun Hospital, Howard Hughes Institute Average housing price: $344,000

17 Sterling Population of 42,145 Recent job growth of 4.2% Unemployment rate of 2.15 Future job growth of 27.6% Median income: $76,327 Median home value: $440,600 Includes part of the Dulles International Airport Home to the National Weather Service building for the Baltimore-Washington Metropolitan Area 17

18 Ashburn One of the largest planned communities in Northern Virginia Population of 65,397 as of 2009 Experienced a 92.48% population growth since 2000 Median home costs: $408,390 Unemployment rate is 4.8% and the recent job growth has been positive 18

19 South Riding An unincorporated planned- community within South Dulles Current population of 19,000 More than 6,000 homes in the area with an average price of $370,000 Includes many local schools, businesses and houses of worship 19

20 Leesburg Current population: 38,206, a 35% growth since 2000 Projected population growth to 43,849 Residential growth projections range from 12% to 41% Average household income: $99,013 52% have a Bachelor’s degree or higher Current employment 20,260 Projected employment growth to 55,880 Commercial growth projections range from 61% to 132% 20

21 21 Education in Loudoun County Loudoun County led the region with 92.6 percent of its high school students estimated to earn a diploma within four years, according to federal data compiled by the trade publication Education Week. Newsweek designated 10 out of 11 Loudoun County high schools among the most demanding public schools in the country

22 Higher Education in Loudoun County Patrick Henry College Purcellville The George Washington University Virginia Campus Ashburn Cordoba University Graduate School of Islamic and Social Sciences Ashburn Shenandoah University- Northern Virginia Campus Leesburg Strayer University- Loudoun Campus Ashburn Northern Virginia Community College Loudoun Campus 22

23 23 Produced by Kathryn Gorman August 2009 This document was made to provide a detailed look at the communities within the Dulles Corridor.

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