Growth in Cedar City
I was browsing the Cedar City website looking for statistics on its recent growth. As of 2006, there are an estimated 27,000 residents in Cedar itself. There is an average growth rate of 3.3% over the past five years. I was in a class the other day when the economic developer for Cedar came in and told us they are expecting Cedar to be at 40,000 people in 5-10 years. One of my problems is: There are at this time a reported 81 restaurants in Cedar City with numerous more planned. That is one restaurant for every 333 people in Cedar including kids. There are tons of new businesses that are being built as well. My question: Is there too much building going on in Cedar? Will the growth support the rapid building that is going on? I have seen a couple businesses start up and close down within a few months time because they are not getting enough business. If this is taking place, why are there more companies coming in? I am afraid that people are coming in and setting themselves up for failure. What other evidence is there that people actually want to come to Cedar? What if all these estimates are not accurate? I think that the Economic planners for Cedar should pull back the reigns on allowing businesses to come here. We should wait for a little more actual growth before we dig ourselves in too deep.