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OFFICE DEVELOPMENT IN PASADENA
<br />FISCAL REVENUES AND ECONOMIC IMPACT
<br />Building Size (Sq Ft)
<br />75,000
<br />100,000
<br />250,000
<br />450,000
<br />Employees
<br />Number On -Site
<br />300
<br />400
<br />1,000
<br />1,800
<br />Payroll
<br />$15,000,000
<br />$20,000,000
<br />$50,000,000
<br />$90,000,000
<br />Annual Local Spending
<br />792,000
<br />1,056,000
<br />2,640,000
<br />4,752,000
<br />Pasadena Revenues
<br />One -Time
<br />Construction Tax
<br />$239,000
<br />$317,000
<br />$795,000
<br />$1,430,000
<br />Public Art Tax
<br />124,000
<br />166,000
<br />414,000
<br />745,000
<br />Transportation Fee
<br />288,000
<br />384,000
<br />960,000
<br />1,728,000
<br />Other Permits & Fees
<br />261,000
<br />349,000
<br />871,000
<br />1,566,000
<br />Total
<br />$912,000
<br />$1,216,000
<br />$3,040,000
<br />$5,469,000
<br />Annual
<br />Property Tax
<br />$51,000
<br />$68,000
<br />$171,000
<br />$307,000
<br />Business License Tax
<br />17,000
<br />23,000
<br />58,000
<br />104,000
<br />Utility Tax & SLATS
<br />40,000
<br />54,000
<br />134,000
<br />241,000
<br />Total
<br />$108,000
<br />$145,000
<br />$363,000
<br />$652,000
<br />Other Jurisdictions
<br />(Property Tax Shares)
<br />PUSD
<br />$96,000
<br />$128,000
<br />$319,000
<br />$573,000
<br />PCC
<br />31,000
<br />42,000
<br />103,000
<br />186,000
<br />Indirect and Induced Impact
<br />(L.A. County)
<br />Additional Jobs
<br />450
<br />600
<br />1,500
<br />2,400
<br />Additional Payroll
<br />$11,000,000
<br />$15,000,000
<br />$37,500,000
<br />$67,000,000
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