The real estate market is influenced by city government, subtly and directly. Living in a city that is proactive toward real estate, and lifestyle in general, can increase the value of your house and make it easier to sell. John Marchione, Mayor of Redmond WA, discusses the role of city government in creating an environment in which buyers strive to live, with hosts and Realtors Tracy and Kathy Nelson.
John Marchione was first elected mayor in 2007 and is now finishing his second term. Prior to becoming mayor, John served Redmond for four years as a city councilmember. John has a Masters of Public Administration from the University of Washington and more than 25 years of professional experience in local government; working in finance, capital projects, water quality and supply, and economic development. As the Chief Executive Officer for the City of Redmond, John is directly responsible for managing a $300 million budget and more than 600 employees.
The city of Redmond covers over 17 square miles. It’s annual mean temperature is 53 degrees and has annual rainfall of just over 35 inches. The population of Redmond has grown from 1,426 in 1960 to 55,840 in 2013. Redmond enjoys a diverse and growing economic base. The community is home to some of the major high-tech firms in the country, including Microsoft, Nintendo of America, Honeywell, General Dynamics Airborne Electronic Systems, and Medtronics Emergency Response Systems. Redmond is also the headquarters of such businesses as Genie Industries. A strong retail sector is enhanced by Redmond Town Center, an open-air mixed use center featuring 110 stores, 22 restaurants, one hotel, and 600,000 square feet of office space.