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Bozeman's Future- What Lies Ahead

by Hart Real Estate Solutions

Earlier this year, we learned that Bozeman had hired the city’s first affordable housing director in an effort to generate solutions to help reduce the gap between the cost of housing and affordability. In a recent city report, 22% of homeowners were found to be spending more than 35% of their income on their mortgage payment, while 44% of the city’s renters are spending more than 35% of their income on a monthly rent payment.

With current affordability statistics this high, Bozeman’s median single-family home price having reached $398,000 last year, and the current population estimated to be above 47,000 (and growing), it’s more important than ever for this new director to begin mandating affordable housing across all types of homes.

Another New Position

Another top priority for the city, in addition to working on the creation of more affordable housing options, is the construction of a new public safety complex. Whether the city will go alone to build the new center or partner with Gallatin County is to be determined, but either way, the plan will come with a big bill that will need plenty of support before citizens vote on it.

When it comes to large city plans that have an impact on Bozeman’s future (such as affordable housing options or the new safety complex), there’s a bit of a disconnect with city hall’s goals reaching residents. In effort to better communicate the city’s plans to citizens, Bozeman will be hiring its first communications coordinator.

This new role will serve as City Hall’s voice in order to manage which information goes to the public, and how. Largely intended to be an outreach position, the person who fills the job will keep citizens informed via social media and traditional press releases and will likely step outside of the traditional 8-to-5 schedule. Although the search to fill the position is national, the job could be filled as early as April if the city finds the right applicant.

Looking Forward

When Bozeman reaches 50,000 people (and so far, it’s on track to do so very soon), a Metropolitan Planning Organization (MPO) must be established, per the federal law. This organization will help with transportation planning and give citizens more control over what happens to the area. At this time, Bozeman will also receive federal money for future expansion projects. If the city and the county can work harmoniously together, some officials believe that an MPO would be beneficial as Bozeman continues to grow, while others are skeptical because of uncertainties with a limited pot of money and strained relationships between Bozeman and Gallatin County.

As the future unfolds and new city positions are created to help determine the direction in which Bozeman will develop, it will be interesting to see how some of the city’s current issues are solved in terms of both population growth and more affordable housing options.

Big Sky 2025- Expanding & Improving America's Third Largest Ski Resort

by Hart Real Estate Solutions

With a population of 2,500 (and counting), a medical center that offers emergency services and inpatient care, numerous shops and restaurants, and an accessible 5,800 acres of public skiing, both the community of Big Sky and the resort itself are turning heads as expansions to the area continue every year.

Already the third largest ski resort in America, and consistently seeing more skiers every winter season, the resort’s Big Sky 2025 plan is well underway. First announced in 2016, this plan will cost the resort upwards of $150 million in costs related to Mountain Village renovations, installations of new chairlifts and upgrades to existing ones, and preparing Andesite Mountain for night skiing.  

So far, Powder Seeker (a high-speed, six-seater lift with bubble covers and heated seats) has been installed, and the Challenger lift was replaced with a triple fixed-grip and a conveyor load, which shortened ride time by 25%. Next on the agenda is the installation of North America’s first eight-seat, high-speed chairlift. Named Ramcharger 8, the lift will feature extra-wide heated seats, bubble covers, and an LED screen at the bottom terminal with up-to-date guest information. While there are other eight-seater chairlifts worldwide (majority being in Europe, two in South Korea, and one in Australia), Ramcharger 8 will be the world’s most technologically advanced lift ever built, and will be open in time for skiers to enjoy during the 2018-19 ski season.

Next steps in the plan include:

  • Replacing the Shedhorn double chair with a high-speed quad
  • Transforming the upper level of the Mountain Mall (addition of indoor fireplaces, an elevator, a coffee bar, traditional apres ski bars, and new food options)
  • Expanded snowmaking coverage
  • Night skiing on Andesite Mountain
  • Gondola installation

Further down the road in the late stages of the plan, several additional lift upgrades, hotel renovations, and Montana Club developments are scheduled to take place.

Making preparations and expansions now is a proactive approach to the inevitable growth and increased volume of traffic that both the community of Big Sky and its resort are bound to see in coming years. Bozeman’s population is expected to nearly double in size in the next few decades, the Bozeman Yellowstone International Airport is currently preparing for increased airline traffic, and Gallatin County as a whole is expected to gain 55,000 new residents by 2045. It’s clear that although once considered a hidden treasure, Montana (and more specifically the Bozeman/Big Sky area) is garnering more attention over time as we see more tourists in the area, and more visitors deciding to Montana their permanent home. 

Bozeman Yellowstone International Airport Prepares for More Traffic

by Hart Real Estate Solutions

Home prices are rising, the population is growing, and our overall economy is expanding— which means that our airport is also seeing an increase in traffic. In 2017, the Bozeman Yellowstone International Airport (BZN) handled just shy of 1.2 million passengers, and now accounts for 30% of all airline traffic in and out of Montana. With an 8.3% increase in traffic from 2016, this is the 8th consecutive year of record breaking passenger traffic for BZN.

BZN is the busiest airport in the state, and the 8th busiest in the Northwest Region of the country (region including Montana, Wyoming, Idaho, Utah, Colorado, Oregon and Washington). With passenger levels currently predicted to be 10% higher this summer than previous years, several upgrades and expansions are scheduled to take place within the next few years to accommodate the ever-increasing growth.

  • The Largest Parking Garage in Montana

Originally on the airport’s to-do list for 2021, the construction of a 4-story, 1,100 stall parking garage began in December and is now scheduled to be completed by June. The garage (which is estimated to cost $30 million) will contain long-term, short-term, and rental car parking.

  • New Terminal Additions

Though not to be completed for several years, a terminal expansion will begin this summer, once the parking garage is complete. The expansion will include three new gates and the ability to handle the inevitable increase in more baggage.

  • Main Runway Maintenance

Runway maintenance is required every 15 years. This spring, the main runway is scheduled to close for three weeks to complete maintenance. Between April 30th and May 19th, no flights will operate between 12:30pm and 11:00pm. This project will cost the airport an estimated $7 million, although if the airport were to entirely close during this time, it would cost the airport an additional $2 million/day. Other runways will still operate during this three-week period, and the main runway will operate outside of the 12:30 pm to 11:00pm time frame.

  • The Addition of a Tower Controller

In order to better handle growing traffic, the airport will add one new tower controller and additional tower hours. With these new additions, tower coverage will span from 5:00am to 1:00am— the current hours of operation are 6:00am to midnight. The new controller will be fully trained and certified by this summer.

 

BZN serves as a year-round gateway to Yellowstone National Park, Big Sky Resort, and Montana State University. With airline traffic continually increasing every year, it only makes sense for our airport to keep pace as it continues to improve and expand its current facilities to better cater to the growing community. 


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