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The Colony sees residential growth spurt
The Colony is quickly becoming the home to big business. But it's not just investors looking to call the city by the lake home - first-time homeowners small families and nature lovers are also making a the city their home.
Keri Samford, economic development director, said more than 4,000 new residents have moved into the city since 2010.
"Our population growth has steadily increased, which has helped us keep our tax rate flat during these tough economical times," said Mayor Joe McCourry. "Where everyone else is seeing some really severe dives, our community continues to attract people."
McCourry said the city's community-oriented vibe and people-friendly attitude contribute to the city's recent population increase.
"Our population has continually and steadily grown in small increments, but at least its continuing to grow," he said. Now that our future looks so bright, we really do expect the population to boom within the next three to five years."
Other factors that have contributed to the growth include The Tribute Gold Course.
"We have two nationally ranked golf courses at The Tribute and they have an entire community being built surrounding those two golf courses," McCourry said. "That is a big draw. Golf is a huge activity in business - a lot of business gets done on the golf course."
Neighborhoods are also booming including the development of one of the largest Home Owner's Associations in the state.
"We have a brand new development in the Legends, which is one of the largest HOAs in the state with more than 1,750 homes in that one HOA," McCourry said. "We do have great homes for our middle income families as well."
McCourry said the schools are also a big pull for the new families moving into the city.
"The average age is in the 20s-30s with 30s being the average age of young families who want to move out and stay in a community to raise their kids," he said. "We have teachers that really care about our community and the kids they teach."