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Correspondence - Item 26
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Correspondence - Item 26
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I CH ro(4, 3 <br />ORANGE COUNTY <br />BUSINESS COUNCIL 2 Park Plaza, Suite 106, Irvine, CA 926141 P 949.476.2242 1 F 949,476.0443 1 www.ocbc.org <br />September 25, 2024 <br />City of Santa Ana <br />20 Civic Center Piz. <br />Santa Ana, CA 92701 <br />Dear Honorable Mayor & City Council Members, <br />On behalf of the orange County Business Council (OCBC), we encourage you to approve the <br />Related Bristol project during the upcoming vote on October 1. This transformative development <br />represents a significant economic opportunity not only for Santa Ana, but to the entire County, <br />promising to deliver substantial benefits that align with the city's long-term fiscal health and <br />community growth goals. <br />The economic impact of Related Bristol is undeniable. The project will create 16,800 new jobs, <br />generate $500 million in new tax revenues over its first 30 years, and provide a $544 million <br />community benefits package. These contributions are vital to fostering the city's economic <br />resilience and competitiveness. It is crucial that we remain focused on the broader economic <br />benefits for the entire community, rather than allowing additional requirements or union -related <br />concerns to hinder the financial viability of this project. <br />There is an urgency to act. Nearly 100 businesses within the Metro Town Square shopping center <br />face uncertain futures, with leases expiring soon. The prospect of a vacant retail center one that <br />currently provides essential sales tax revenues to the city poses a real threat. Further delays to <br />the Related Bristol project risk undermining local business stability and economic growth. <br />Approving this innovative mixed -use development will not only support Santa Ana's economic <br />expansion but will also enhance its cultural and social fabric. Related Bristol stands to be a <br />cornerstone in driving sustainable growth, prosperity, and opportunity for generations to come. This <br />is a once -in -a -generation opportunity that Santa Ana cannot afford to lose. I strongly urge you to <br />approve the Related Bristol project and secure the economic future of our city. <br />For these reasons, OCI C is in full support of Related Bristol, and we ask you to vote yes to <br />approve this project. <br />5incerely, --- <br /> <br />etey Ball <br />President &CEO <br />Orange County Business Council <br />CC: Mayor Valerie Amezcua <br />Councilmember David Penaloza <br />Councilmember Benjamin Vazquez <br />THE LEADING VOICE OF BUSINESS IN ORANGE COUNTY <br />Amanda Walsh <br />VP of Government Affairs <br />Orange County Business Council <br />Councilmember Phil Bacerra <br />Councilmember Jessie Lopez <br />Councilmember Jonathan Ryan Hernandez <br />
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