WEBVTT

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only rebounded

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following months of covert

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shutdowns but is growing.

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>> With business growth and

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interest in doing business in

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Boone County and this region

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on the rise, so too is demand

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for housing. We are seeing

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more projects in this area,

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case in point, just this week

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in the planning stages, a 260

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acre residential project that

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includes single family homes,

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townhomes, apartments and

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retail space in nearby Zions

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bill. For more on the housing

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situation as it relates to

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growth, let's send over now to

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Mary-Rachel Redman who has

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more.

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>> There is no doubt the

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demand for housing will be a

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major issue with the new leap

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coming and population is up

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30% from 2010 making it the

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second fastest growing county

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in Indiana but with all this

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growth comes a major demand

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for housing. More specifically

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affordable and workforce

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housing, something builders

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and developers still have not

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been able to successfully

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tackle in Boone County.

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>> We are severely deficient

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in terms of the available

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inventory, both in Boone

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County and Western Hamilton

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County and Northwestern Marion

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County. This is not something

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that's going to allow the

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inventory of houses available

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to get better anytime soon so

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you will have a surge of

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developers and builders and

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you will see an increased

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demand for an awful lot of new

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residential spaces and all of

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those three areas.

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>> But the housing problem

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also presents big-time

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opportunity. Something Steve

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Hankey of Hankey developing

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group is already taking

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advantage of with his latest

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master-planned community

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Waterford in Lebanon.

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>> We were fortunate to

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acquire three or four years

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ago almost 2000 acres. 2000

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acres allows us to almost do a

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city within a city. We will be

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doing an 18 hole championship

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course, probably another

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18-hole executive course, 2000

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acres, they will be

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commercial, all types of

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residential, all different

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sizes and shapes. We have

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frontage a mile and 1/2 on 65,

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we have a mile of frontage,

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146 Street some it is a

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perfect location between

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Lebanon and Whitestown and we

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knew Lebanon was the next

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up-and-coming place so on 65,

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the closest area to

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Indianapolis airport. People

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said we were crazy. Looking at

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Lebanon but when you look

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back, in the 50s and 60s, no

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one moved, it had to be

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north-central and then it grew

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and then nobody was going to

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fishers and then in the 80s

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and 90s ever but he went to

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Fisher and look what happened

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there, it's 100,000 people.

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Same thing with Westfield. In

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the 80s and 90s, it was not

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until 2000 basically Westfield

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took off and we did

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Bridgewater club and grand

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Park village and know

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Westfield is booming and

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thriving. Lebanon is next

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place.

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>> One other thing to note,