Figure K.35 : Economic Impact from Job Growth
• Construction activities associated with the Stitch and surrounding real estate are projected to create approximately: o 410 jobs per year on average during the construction of the Stitch (from 2026 to 2036); o 1,750 jobs per year on average during the construction of new real estate (from 2026 to 2044) • Operational activities and businesses in the surrounding area are projected to support approximately: o Initially 110 jobs per year on average from operations and maintenance of the Stitch (from 2030 to 2036) and then eventually 180 jobs per year from 2037 onward; o Initially 100 jobs per year on average from the growth of existing businesses due to increased foot traffic (from 2030 to 2038) and then eventually 200 jobs per year from 2039 onward; and o Initially 1,090 jobs per year on average from the growth of business in new real estate developments (from 2030 to 2048) and then eventually 1,950 jobs per year from 2049 onward.
The economic impacts include direct, indirect, and induced impacts.
LABOR INCOME During the 30-year study period, which includes the 11-year Stitch construction, redevelopment in multiple phases, and the subsequent operations and business growth, labor income supported by such an investment is estimated to be an average
K-49
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