Laserfiche WebLink
Cabrillo Town Center <br />Planning and Building Agency <br />Item # 18 <br />October 3, 2023 <br />Slide 17 <br />Fiscal and Economic Impact Analysis <br />•Based on a total construction budget of $249 million, the project is <br />projected to generate a recurring revenue of approximately $22.8 <br />million. Total City expenditures over the next 25 years after build-out <br />are expected to be $14.5 million, resulting in net revenue of $8.3 <br />million. <br />•During construction, the project will generate approximately 1,913 <br />jobs (1,266 direct, 323 indirect, and 323 induced). After completion, <br />the project will maintain approximately 32 jobs (21 direct, 6 indirect, <br />and 6 induced). <br />•The City will receive approximately $15.5 million in revenue from <br />permit fees, AHOCO in-lieu fees, park impact fees, and other <br />development impact fees.