of approximately $7 million per annum, representing a Net Present Value of $4 billion in the 30-year period.
Figure K.36 : Economic Impact from Labor Income Growth
• Construction activities associated with the Stitch and surrounding real estate are projected to create approximately: o $52 million in labor income per year on average during the construction of the Stitch (from 2026 to 2036); o $233 million in labor income 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 $10 million in labor income per year on average from operations and maintenance of the Stitch (from 2030 to 2036) and then eventually $18 million in labor income in 2037 (with more in the subsequent years after accounting for inflation); o Initially $8 million in labor income per year on average from the growth of existing businesses due to increased foot traffic (from 2030 to 2038) and then eventually $16 million in labor income in 2039 (with more in the subsequent years after accounting for inflation); and o $128 million in labor income per year on average from the growth of business in new real estate developments (from 2030 to 2048) and then eventually $283 million in labor income in 2049 (with more in the subsequent years after accounting for inflation).
The economic impacts include direct, indirect, and induced impacts.
K-50
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