Economic Impact
The 3,400-acre Sterling Ranch in the Chatfield Basin is the only economic engine to ensure a steady flow of jobs, tax revenue and business growth to the South Metro area. The time is perfect for the direct impact Sterling will have on the economic health of the area for today and, most importantly, the future. Sterling Ranch is the opportunity to go forward boldly with the vision of the New West anchored by the solid job growth we need to secure our children’s future. The master-planned development will include mixed-use commercial, a town center, sports village, space for educational uses, and open space and parks.
Development Research Partner’s Patricia Silverstein, a respected metro Denver economist, completed a study of the economic and fiscal impact of Sterling Ranch. The following are some results.
Total Estimated Cost: $4.3 billion
Sterling Ranch’s estimated cost at build-out in 2026 is $4.3 billion. More than $213 million will be spent in Douglas County on construction labor, materials, engineering, etc.
Economic and Fiscal Impact: $411 million annually
At build-out, Sterling Ranch is expected to have an economic and fiscal impact of more than $411 million annually, including nearly $12.1 million in estimated retail sales and property tax revenues.
New Jobs: 1,000 Construction annually for 20 years
Construction, engineering, and infrastructure work will bring about 1,000 workers to Sterling Ranch annually through build-out.
New Jobs: More than 9,000 Permanent
Sterling Ranch expects to create more than 9,000 new permanent jobs at build-out. The vibrant vision for the development positions the county to capture new green, sustainable jobs, and enable young workers to purchase “attainable housing” close to work.
Housing: 12,050 residential units
Sterling Ranch will include a mix of 12,050 detached and attached homes. The proposed housing types will vary greatly, ranging from smaller multi-family units in the low $100,000s to larger custom homes in excess of $750,000. About 35% of the house product is priced below $200,000, and another 30% is priced between $200,000 and $300,000.
Density
Based on 3,400 acres, the average density of the project is 3.5 per gross acre. The total residential acres, excluding parks, open space and commercial, is approximately 1,735. This calculates to a net density of 6.9 per acre, which is distributed over the project with a higher density in the town center on the northern end to much lower density on the southern end. The non-residential build-out is 4.2 million sq. ft., including space for office, retail, R&D, medical facility, schools, sports venue and lodging. The ratio of nonresidential to resident is 23 sq. ft. per resident for retail, slightly lower than our neighbor, Highlands Ranch.
What you can do
Help Sterling Ranch secure zoning approval by voicing your support of this project to your local officials. They need to hear from the public and know you support the development of Douglas County’s New West Economic Frontier through Sterling Ranch.
Contact the Douglas County Commission
bocc@douglas.co.us
100 Third St., Castle Rock, CO 80104