|
15,000 residents |
|
 |
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78,000
employees |
|
 |
|
63,000 students |
|
 |
|
700,000 hotel rooms / year |
|
 |
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$344 million employee retail spending potential |
|
|
|
Age Distribution |
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Approximately 55% of residents are ages 15-34. |
|
Commuting Patterns |
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Over 107,000 workers travel from an outlying county in
the region to Milwaukee County for employment. |
|
Comparable Incomes |
|
Incomes are significantly higher than those of several
comparable downtowns including Cincinnati, Columbus, Kansas City, Memphis and
Nashville. |
|
Conventions |
|
Over a half million visitors per year are convention
attendees of which 47% are from Wisconsin, 49% are from other parts of
the US. |
|
Educational Attainment |
|
45.1% of residents obtained either a bachelor’s or
advanced degree, compared to 22.5% of Wisconsin residents. |
|
Employees |
|
60% of employees live more than five miles from the
Study Area. Almost 85% of Study Area employees work 35 hours or more.
Most employees will finish their workday between 4:00 PM and 6:30 PM. |
|
Employment Concentration |
|
Highest employee concentrations found in the area
bound by the Milwaukee River, Wells Street, Wisconsin Avenue and Jefferson
Street with 20,000 to 29,000 employees working within a quarter mile. |
|
Employment Type |
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76.9% of residents are employed in “white collar” occupations. |
|
Employee Residence |
|
70% of Downtown workers live more than 5 miles and 30% live
more than ten miles from the Study Area. |
|
Higher Education |
|
University of Wisconsin Milwaukee: 28,000 students.
UWM Downtown School of Continuing Education: 35,000 annual participants.
Milwaukee Area Technical College: 57,000 students per year, the majority of whom
attend part-time, with 13,400 full-time students.
Marquette University:
the largest Jesuit University in the county
and the largest private university in Wisconsin. It is located on an
80-acre campus Downtown and is home to 11,000 students.
Milwaukee School Of Engineering:
located Downtown on a 15 acre campus, with approximately 2,300 students. |
|
Home Value |
|
The average home value is $226,815; average rent is $609. |
|
Hotels |
|
The largest hotel is the
Hilton Milwaukee City
Center with 730 rooms. Lodging reaches peak utilization during summer
months. |
|
Household Composition |
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Non-family households are the dominant household type.
High percentage of single-person households which tend to have higher levels of
discretionary income. Over 78% of housing units are rental. |
|
Housing Growth |
|
During the ten year period between 1996 and 2006, an estimated
986 rental units and 1,160 condo units were added. Since 2000, household growth
has averaged 2% per year. In 2006, total housing units equaled approximately
8,000 with a 9% vacancy rate. |
|
Location |
|
Within 75 miles of both Madison and Chicago. Considered the nation’s
third largest metro area. Several key transportation linkages that connect these
3 communities either intersect or originate in Downtown Milwaukee. |
|
Metro Renters |
|
Over 56% of residents are classified as Metro Renters, young,
well educated singles beginning their professional careers. Median income is
$50,400. Majority are renters in older high-rise units who spend money on
designer jeans, ski apparel, and workout clothes. |
|
Population |
|
Since 2000, the population has grown, minimally, 1.3% per year. |
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Renters |
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78% of Downtown Milwaukee housing units were renter occupied units. |
|
Tourism Industry |
|
Tourism industry contribute $2 billion in state and local
revenues. Milwaukee County ranks first in the state for traveler spending. |
|
Tourism Sites |
|
Downtown tourism facilities include the
Frontier Airlines Convention Center,
12 hotels, 156 restaurants, museums, performance arts facilities, sports
arenas, retailers, and festival grounds.
The
Harley Davidson Museum is
anticipated to attract an estimated 350,000 visitors annually from
around the world.
Of all the regional attractions, the highest
attendance is generated by the
Milwaukee Brewers at Miller Park. |
|
Traffic |
|
Home to the busiest traffic hub in the State of Wisconsin, the
Marquette Interchange, which carries over 300,000 vehicles per day and serves as
a gateway to Downtown. |
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Transportation |
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31.2% of households do not own an automobile. |