The junction of E-470 & I-25
forms a convenient transportation confluence where residents from area
sub-markets will gravitate to regional retail/ commercial projects. Thornton
commercial development sites benefit from already in-place infrastructure
improvements and an abundance of property with no need for flood plain
mitigation.
Adams County (in which Thornton is
located) and adjacent Broomfield and Weld Counties all were in the top 50 of
the nation for rapid growth between 2000 and 2002, according to the US Census
Bureau.
The Denver Regional Council of
Governments (DRCOG) forecasts Thornton's Regional Marketing Area as "The New
Growth Capital of Metro Denver." The 2020 Regional Forecast includes the
growth of more than 60,000 jobs along E-470 thereby "creating a fourth major
economic area within the Denver region."
DRCOG goes on to state that
development of new residential areas in this corridor "will likely experience
the level of residential development that occurred in the western and southern
portions of the region in the 1970s through 1990s."
Of cities with 100,000 or more
people in 2004, Thornton was the 12th-fastest-growing city in the nation since
2000, according to a recent report from the US Census Bureau. It was also the
fastest-growing city in Colorado with a population over 100,000.
Over the next few years, more than
50,000 already approved and/or under construction housing units will be built
within the Thornton Regional Marketing Area. With a conservative estimate of
three consumers per housing unit, that would mean that more than 150,000 new
consumers will look to Thornton businesses to meet their commercial needs.