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Downtown's residents about to number 40,000

April 15, 2009 |  5:00 pm

The population of downtown is about to hit a milestone of 40,000, according to a survey of downtown residents released today by the Downtown Center Business Improvement District.

This is the third time that the business improvement district has done a tally of downtown residents. Since 2005, the first time a demographics study was released, the population of the area has almost doubled, as new lofts and condos have opened throughout the zone. The BID now estimates the population at 39,537.

Carol Schatz, president and chief executive of the BID said that the survey, which was conducted late last year, showed “a lot of trends here that are very positive. I think it was all good news.”

Among the survey’s key findings:
 
• The average number of residents per downtown household rose from 1.6 in 2006 to 1.8 in 2008.
• Nearly two-thirds of downtown’s residents work in the area.
• The median age of residents has crept up from 31 in 2006 to 36.8 in 2008.
• About 30% of downtown residents is now older than 45, up from roughly 18% two years earlier.

Schatz called that last point an important development “in terms of building a long-term core population. You can’t sustain it with all young people,” she said. 
 
The complete demographic survey is available on the BID’s website.

-- Cara Mia DiMassa

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