Introduction | ENVISION FRANKLIN 11 Franklin has become the seventh largest city in Tennessee and a key residential and economic generator for the Nashville region. This rapid growth has had significant impacts on land uses and the transportation system. See Figure 1.2. Growth brings positive impacts such as economic opportunity and prosperity; it can also impact quality of life due to increased traffic and loss of natural amenities and open spaces. While opinions are mixed on the rate of growth, major change is expected to continue. Projections indicate, that by 2040, approximately 133,650 people will live in the Franklin UGB, with employment at 126,700 jobs, which would be about a 50-percent increase from 2015. See Figure 1.4 and Appendix A. It is a central community value that Franklin continues to be an authentic, thriving city with a combination of neighborhoods, commerce and employment centers, and natural amenities and open spaces. Franklin values its cherished historic resources and its flourishing economic growth. Both support each other and are vital to the overall health of the city. The Plan illustrates the vision for the community as it makes a myriad of decisions to guide the future of the City. “FRANKLIN CONTINUES TO BE AN AUTHENTIC, THRIVING CITY WITH A COMBINATION OF NEIGHBORHOODS, COMMERCE AND EMPLOYMENT CENTERS, AND NATURAL AMENITIES AND OPEN SPACES.” FIGURE 1.3: CITY OF FRANKLIN HISTORIC POPULATION CHART - 10,000 20,000 30,000 40,000 50,000 60,000 70,000 1950 1960 1970 1980 1990 2000 2010 2014 Population Year FIGURE 1.4: POPULATION AND EMPLOYMENT PROJECTION SUMMARY Year Population Employment 2013 84,263 81,661 2015 87,921 84,995 2020 97,066 93,329 2030 115,357 109,998 2040 133,647 126,667 Note: Figures represent City of Franklin and UGB area.