Fillmore Business Park Feasibility Study

This project reports on the financial feasibility of a proposed business park in the City of Fillmore. An integral component of Compass Blueprint is providing consultation for communities to plan and develop balanced employment and housing opportunities. Fillmore is a housing-rich city and the business park is expected to substantially improve the City’s jobs-to-housing balance.

The feasibility of any development hinges upon current market and regulatory circumstances that, in this case, will critically shape the Southwest Fillmore Business Park. Over the course of the study, three proforma development scenarios were modeled to include regulations and market conditions. The scenarios were used to determine the economic feasibility of the proposed site plan, or baseline, and two subsequent variations on the development baseline. The variations compared the effects of additional density and parking costs to the baseline feasibility. The results of the economic feasibility analysis were also used to estimate the number jobs produced by the development scenarios and the net effect on Fillmore’s workforce-housing balance.