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JLL leading diverse coalition to identify opportunities and challenges of energy development
HELENA, MT, March 5, 2013 – Jones Lang LaSalle announced today that it is conducting a study for the Eastern Montana Impact Coalition (the Coalition) to identify how and when eastern Montana communities will be impacted by accelerating energy development. Rapid energy development has dramatically affected unprepared local communities in the United States and, like North Dakota, Montana has large, untapped energy reserves.
The Coalition’s study will: • Map the location, size and timing of anticipated energy development;• Project the impact this development will have on infrastructure, jobs, housing and public safety and healthcare as well as a variety of community land use issues;• Conduct education and outreach events with impacted communities; and • Inform the vision and concerns of impacted communities, and create a high level road map to prioritize investments that will mitigate impacts and support future growth.
“Energy development in eastern Montana, and for that matter any other part of the United States, provides tremendous opportunities,” said Bob Hunt, Managing Director, Jones Lang LaSalle. “However this can only happen if there is a detailed outline about how government and industry can work in partnership to achieve positive long-term growth through thoughtful investments in infrastructure, housing, public safety, job training, education and healthcare.” Formed early in 2012, the Coalition includes a unique collaboration between four economic districts, including Great Northern Development Corporation (GNDC), Richland Economic Development Corporation (REDC), Eastern Plains Economic Development Corporation (EPEDC), and South Eastern Montana Development Corporation (SEMDC). Collectively, these Districts represent 16 counties, which encompass approximately 43,000 square miles of eastern Montana (about the size of New York State).
“Through this study and in collaboration with our communities, the state, federal government and the energy industry, can anticipate, prepare, respond and embrace energy development, creating a detailed road map that prioritizes issues, engages local communities and anticipates the needs of future Montanans,” said Leslie Messer, Executive Director, Richmond Economic Development and Coalition member.
To conduct the study, the Coalition retained a multidisciplinary team of experts, from Montana and across the United States that includes civil engineers, land use planners, economists, real estate development advisors and economic development specialists. They are defining the impacts and collaborating with local communities and other stakeholders to create a detailed road map that prioritizes investments needed to create the infrastructure necessary to build quality communities that support growth and long term job creation. These investments will leverage the revenue from energy resources to generate long-term returns for local communities and the entire state while simultaneously planning for future generations.
This consulting team is being led by Jones Lang LaSalle, and is further supported by a core team which includes; SmithGroup JJR, one of the nation’s leading architecture, engineering and planning firms; Allied Engineering, a civil engineering firm based in Bozeman that has worked extensively with energy impacted communities in North Dakota and Eastern Montana; and Ecolibrium a multidisciplinary consulting company based in Bozeman.
Jones Lang LaSalle’s commercial real estate and public institution experts have been helping federal, state and local governments find solutions for decades. For more information on how Jones Lang LaSalle supports government goals, visit: http://www.us.am.joneslanglasalle.com/UnitedStates/EN-US/Pages/government.aspx.
Jones Lang LaSalle Public Sector Real Estate PracticeJones Lang LaSalle’s public sector real estate practice is a premier provider of strategic real estate advisory and transaction services for local, state, national and international public institutions, covering the spectrum of the real estate cycle. From strategy and project management, to transaction and execution, Jones Lang LaSalle brings public sector entities the perspective and expertise to turn a real estate portfolio into a collection of working assets that meet operational and occupancy requirements while generating revenues and reducing costs.
About Jones Lang LaSalleJones Lang LaSalle (NYSE:JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate. With annual revenue of $3.9 billion, Jones Lang LaSalle operates in 70 countries from more than 1,000 locations worldwide. On behalf of its clients, the firm provides management and real estate outsourcing services to a property portfolio of 2.6 billion square feet. Its investment management business, LaSalle Investment Management, has $47.0 billion of real estate assets under management. For further information, visit www.jll.com.
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