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A Look at the Dulles Corridor - Dulles Corridor Metrorail Project

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					    A Look at the Dulles Corridor




1
                                 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
                   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
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




   4
    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




5
        Tysons Corner in 2050

                                                    Tysons Corner Growth 80 Years
•       From 2010 to 2050, Tysons Corner                     1970-2050
                                                000s
        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




                                Source: George Mason University Center for Regional Analysis: Forecasts for
                                Tysons Corner 2050 By Stephen S. Fuller and John McClain

    6
    Tysons Corner Growth
    Tysons Corner-Job Forecasts                       Tysons Corner- Population
000s                                             000s         Forecast




                 Source: George Mason University Center for Regional Analysis: Forecasts for
                 Tysons Corner 2050 By Stephen S. Fuller and John McClain


7
        City of Falls Church


•       Population 11,169
        •  7.6% increase from 2008

•       Median value of housing $277,100

•       Median household income $105,456




    8
        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
     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
     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

11
     Herndon
     • 3rd 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




12
     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




13
     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




14
         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
     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%
• Average housing price: $344,000
• 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 4th 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




16
          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
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
     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
     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
     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




21
     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
                Produced by Kathryn Gorman
                        August 2009




     This document was made to provide a detailed look at the
              communities within the Dulles Corridor.


23

				
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