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PRESENTATION - 75C
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12/01/2020
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PRESENTATION - 75C
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12/1/2020 10:14:29 AM
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City Clerk
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12/1/2020
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FISCAL AND ECONOMIC IMPACT ANALYSIS13•Applicant prepared a fiscal and economic impact analysis for the project•Analysis concludes that the project will result in net positive fiscal impacts to the City, the Business Improvement District (BID), and will create new and temporary jobs•806 direct, indirect, or induced new jobs, of which 35 would be permanent•Fiscal impacts include:•$7.8 million in gross positive revenues to the City, including $2.9 million in property tax revenues over a 25-year period, and $2.4 million in expenditures/costs to the City over the same period•$5.4 million in net new positive general fund revenues over 25-year period
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