Wednesday, June 14, 2017

West Villages: Braves $1.7 Billion Projected Economic Impact

Latest Newsletter/Email from West Villages
view at http://mailchi.mp/718a2fba38d8/19-billion?e=47efd4d750




The new Atlanta Braves Spring Training Complex being developed in West Villages Florida  is expected to generate more than $1.7 billion in economic impact during the 30-year contract with the team.

On Monday this week, The West Villages Improvement District, along with Sarasota County, the City of North Port and the Atlanta Braves, filed a grant application with the State of Florida asking for $20 million to help with facility construction costs. The economic impact study is part of the application process.

“This conservative impact study shows what a dynamic impact the Atlanta Braves Spring Training Complex is going to have on North Port, Sarasota County and the region,” said West Villages Improvement District Chairman Martin Black, AICP, ICMA-CM. “We know this stadium and the excitement of Major League Baseball have more than just an economic impact, it will truly touch this community for two generations or more.”

The spring training complex will enhance and promote tourism while providing jobs and economic growth within the City of North Port and Sarasota County.

The Stantec study goes into great detail explaining how the company came to its conclusions about the economic impact of the spring training complex.

“Using the Total Direct Annual Expenses … the indirect and induced effects were estimated using the multiplier provided in the 2009 Major League Baseball Florida Spring Training Economic Impact Study Report, to estimate a total economic impact resulting from Direct Expenses,” the report reads.

The study looks at comparative Southwest Florida spring training facilities and even evaluates the fan base in segments to make sure the impact numbers reflect the real direct expenses. Conservatively, the study looks at the 6,500-seat stadium at a slowly rising attendance over the first 10 years of the deal.

“To understand the long-term economic impact of Atlanta Braves Spring Training in West Villages, the total economic impact over the next 30 years was calculated, in net present value, assuming a conservatively steady annual attendance growth rate of 1 percent for the first ten years, to 2028, maintaining approximately 82 percent stadium capacity, for the following 20 years,” the study reads.


Copyright 2017 West Villages,
19503 S. West Villages Parkway, Venice, FL 34293 All rights reserved.
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Ali H. Johnston, MHA, MBA in Real Estate
Realtor®, Lic. Broker #BK3284964
West Villages Realty LLC
Office: 941-460-3179
www.WestVillagesRealty.com

Sarasota National Community

Friday, June 9, 2017

West Villages: Sarasota County Community Volunteer Fair June 13 10a-2p

Write-up taken from: http://www.mysuncoast.com/community/community-volunteer-fair-coming-to-selby-library/article_7b6ec3e6-4af1-11e7-890b-275fba7b5167.html

Selby Public Library will host a Community Volunteer Fair on June 13th. This is a unique chance to meet with more than 20 local nonprofit organizations to find out how you can help them. Residents can learn about the organizations and their volunteer opportunities, which include one-day events, family events and ongoing positions.

Organizations that will be in attendance include All Faiths Food Bank, Safe Place Rape and Crisis Center (SPARCC), Ringling Museum, Selby Gardens, Senior Friendship Center and Big Brothers Big Sisters of the Sun Coast.

"The theme for Sarasota County Libraries' summer learning program this year is 'Build a Better World,' and we are honored to host these great organizations so community members can learn how they can help build a better world through volunteering," said Sarasota County Libraries and Historical Resources Director Sarabeth Kalajian.

Again, the event takes place June 13th from 10 a.m. to 2 p.m. at Selby Public Library in Downtown Sarasota.

Check out the Volunteer Sarasota County Facebook page link here






































Ali H. Johnston, MHA, MBA in Real Estate
Realtor®, Lic. Broker #BK3284964
West Villages Realty LLC
Office: 941-460-3179
www.WestVillagesRealty.com

Sarasota National Community








Monday, May 22, 2017

West Villages: Latest MetroStudy Growth Report for Sarasota/Bradenton

Link to published study: http://www.metrostudy.com/sarasota-bradenton-housing-1q17-growth-still-slowing-higher-prices-may-impact-expansion/

SARASOTA / BRADENTON HOUSING 1Q17: Growth Still Up but Slowing – Higher Prices May Impact Further Expansion
Metrostudy NewsMay 18, 2017

---Quarterly New Home Starts are down 4.4% from 1Q16 levels, but the Annual Starts rate is up 6.4% YoY

---We continue to see new home production move into the higher price points – starts under $250k were down 11.4% YoY

---Sarasota remains one of the two Florida markets building above its long term average but it appears that the run of back to back years with 20%+ growth will likely end in 2017.

Metrostudy’s 1Q17 survey of the Sarasota-Bradenton housing market shows 1,370 single-family units were started in the quarter, down 4.4% compared to 1Q16. However, it represented a 13.2% increase versus the 4Q 2016 quarterly starts pace. The annual start rate compared to last year increased by 6.4%, from 5,185 to 5,518 annual starts.  Single-family quarterly closings totaled 1,301 units, up 2.6% from 1Q16 levels. The annual closings rate was 5,281 units per year, 17.4% above the rate in 1Q16. The fourth quarter is typically the biggest quarter for closings but 1Q17 saw closings improve by 5.9% versus 4Q16.


For the twelve months ending March 31, 2017, new homes starts in price ranges under $250k totaled 1,385 units, down 11.4% from the 1Q16 annual activity in prices less than $250k. Annual new homes starts in prices over $250k were up 14.1% for the twelve months ending March 31, 2017 versus 1Q 2016. The marginal 333 unit increase in the annual start pace was split: 178 less units under $250k and 511 more units above $250k.  The chart below shows the price distribution of annual housing starts for the first quarter this year compared to the three previous years: Screen Shot 2017-05-18 at 10.00.10 AM

“Starts were down versus the first, second and third quarters of 2016 but up from 4Q 2016 levels, as retirees and job growth continued to provide demand for housing,” said Tony Polito, Regional Director of Metrostudy’s Sarasota/Bradenton market. “However, higher prices may be placing a limit on growth in the new home sector. Sarasota remains one of the two Florida markets building above its long term average but it appears that the run of back to back years with 20%+ growth will likely end in 2017. The peak of the “Baby Boom” was 1957 and those folks are turning 60 years old this year. Because of retiree demand and continued expected job growth, Metrostudy projects an increase in new housing starts between 7% and 14% in 2017.”

During 1Q17, Manatee County recorded 693 housing starts, down 0.2% versus the 695 starts in 4Q 2016 and down 3.8% compared to the 720 units built in 1Q 2016. During 1Q 2017, Sarasota County recorded 594 housing starts, up 23.4% versus the 481 starts in 4Q 2016 and up 25.3% compared to the 474 units started in 1Q 2016. Venice is approaching twice the activity level of North Manatee and is by far the second most active area.

The final significant trend worth noting is new housing inventory. We consider FV equilibrium as between 1.5 and 2.0 months. The number of FV units grew by 50% from 1Q last year, a rather large increase. However, since the market was under-supplied and because the annual closing pace is rising, the months of supply only grew from 0.9 to 1.1 months. Certainly, not a level that would raise any concerns. The County by County finished vacant supply indicated that Manatee County is still below equilibrium level of FV supply at 1.3 months. Sarasota County was even further below equilibrium level at 0.9 months. Charlotte County has 45 FV units and is also below equilibrium with a 0.9 month supply. The market added more units for the “snowbird season” and is now properly supplied with inventory homes. The UC months of supply improved from 5.5 MOS for 1Q 2016 to 4.8 MOS for 1Q 2017. All told, the total inventory level of 6.6 months is within equilibrium. Metrostudy believes demographics will support strong “snowbird seasons”, for several more years

The table below ranks the top ten communities in the market by annual starts.

Community (Area)                                      Ann Starts

Lakewood Ranch …………………………………… 787

The West Villages ………………………………….. 456

Palmer Ranch ……………………………………….. 249

South Gulf Cove ……………………………………. 207

Grand Palm ………………………………………….. 204

Del Tierra …………………………………………….. 178

Sarasota National ………………………………….. 155

Rotonda ………………………………………………. 153

Milano …………………………………………………. 131

Heritage Harbour …………………………………… 130

For information contact:
Tony Polito
813.888.5151
tpolito@metrostudy.com

About Metrostudy: Metrostudy is the leading provider of primary and secondary market information to the housing and related industries nationwide. Metrostudy provides research, data, analytics and consulting services to help builders, developers, lenders, suppliers, retailers, utilities and others make investment and business decisions every day. For more information, visit www.metrostudy.com





Ali H. Johnston, MHA, MBA in Real Estate
Realtor®, Lic. Broker #BK3284964
West Villages Realty LLC
Office: 941-460-3179
www.WestVillagesRealty.com



Wednesday, May 17, 2017

WEST VILLAGES
IMPROVEMENT DISTRICT
BOARD MEETING

The Board of Supervisors of the West Villages Improvement District will hold their next regular Board Meeting on June 8, 2017 at 11:00 a.m. in the Chambers at the City of North Port located at 4970 City Hall Boulevard, North Port, Florida 34286.

The purpose of the regular Board Meeting is to conduct any business properly coming before the Board. The meeting is open to the public and will be conducted in accordance with the provisions of Florida law. A copy of the Agenda for this meeting may be obtained from the District's website. Meetings may be cancelled from time to time without advertised notice.



Ali H. Johnston, MHA, MBA in Real Estate
Realtor®, Lic. Broker #BK3284964
West Villages Realty LLC
Office: 941-460-3179
www.WestVillagesRealty.com


Where: 200 Nassau St. N., Venice
When: Saturday, June 10, 2017
Time: 7:00 PM - 10:00 PM
*Dance is a fundraiser for Venice Museum & Archives and Venice Heritage.
*Part of the City of Venice's 90th Anniversary events this year!
*Featuring Doug Deming and the Jewel Tones.
*Signature drinks and appetizers.
*Raffles, silent auction, donations appreciated!
*Tickets, $10 each; limited number available. Tickets MUST be purchased in advance at   the Cashier's Office at Venice City Hall, 401 W. Venice Ave. Hours are Monday - Friday   8 a.m. -4 p.m.
*Period dress is optional.


Ali H. Johnston, MHA, MBA in Real Estate
Realtor®, Lic. Broker #BK3284964
West Villages Realty LLC
Office: 941-460-3179
www.WestVillagesRealty.com

Thursday, April 6, 2017

West Villages Improvement District Supervisory Board meeting for April 2017

Sarasota Herald-Tribune
4/4/2017
Miscellaneous Notices

WEST VILLAGES
IMPROVEMENT DISTRICT
NOTICE OF REGULAR BOARD MEETING

NOTICE IS HEREBY GIVEN that the Board of Supervisors of the West Villages Improvement District will hold a Regular Board Meeting on April 13, 2017, at 11:00 a.m. in a Meeting Room of the City of North Port located at 4970 City Hall Boulevard, North Port, Florida 34286.

The purpose of the Regular Board Meeting is to conduct any business properly coming before the Board. The meeting is open to the public and will be conducted in accordance with the provisions of Florida law. A copy of the Agenda for this meeting may be obtained from the District's website or by contacting the District Manager at (561) 630-4922 and/or toll-free at 1-877-737-4922.
From time to time one or more Supervisors may participate by telephone; therefore, a speaker telephone will be present at the meeting location so that Supervisors may be fully informed of the discussions taking place. The Regular Board Meeting may be continued as found necessary to a time and date specified on the record.

If any person decides to appeal any decision made with respect to any matter considered at this Regular Board Meeting, such person will need a record of the proceedings and such person may need to insure that a verbatim record of the proceedings is made at his or her own expense and which record includes the testimony and evidence on which the appeal is based.
In accordance with the provisions of the Americans with Disabilities Act, any person requiring special accommodations or an interpreter to participate at this meeting should contact the District Manager at (561) 630-4922 and/or toll free 1-877-737-4922 at least seven (7) days prior to the date of the meeting.

Meetings may be cancelled from time to time without advertised notice.
WEST VILLAGES IMPROVEMENT DISTRICT
www.westvillagesid.org
PUBLISH: SARASOTA HERALD TRIBUNE 04/04/17









Ali H. Johnston, MHA, MBA in Real Estate
Realtor®, Lic. Broker #BK3284964
West Villages Realty LLC
Office: 941-460-3179
www.WestVillagesRealty.com





Wednesday, April 5, 2017

West Villages: Celebrate Gopher Tortoise Day April 10

Considering Gran Paradiso borders a Gopher Tortoise Preserve, this seemed especially fitting...



Help Celebrate Gopher Tortoise Day
in Florida on April 10th

April 10th was officially adopted by the Gopher Tortoise Council as Gopher Tortoise Day! In Florida, gopher tortoises are found in parts of all 67 counties and are frequently encountered in neighborhoods, along roadways, and in many of Florida’s public parks and forests. The goal of Gopher Tortoise Day is to increase awareness and appreciation for these long lived, gentle reptiles.

You can help celebrate Florida’s only native tortoise by hosting an event in your community, asking your local City or County Commission to officially adopt April 10 as Gopher Tortoise Day, and by educating others on the importance of protecting gopher tortoises.

Learn more about the gopher tortoise by visiting:
www.gophertortoisedayfl.com/host-an-event
www.MyFWC.com/GopherTortoise
www.GopherTortoiseCouncil.org.


Thanks!

Ali H. Johnston, MHA, MBA in Real Estate
Realtor®, Lic. Broker #BK3284964
West Villages Realty LLC
Office: 941-460-3179