Value Add (Direct)
Value Add (Indirect)
Value Add (Induced)
Total Value Add
$50.1 million (per year)
$19.7 million (per year)
$9.2 million (per year)
$79.0 million (per year)
Businesses in New Real Estate (Phase 1 – 2030 to 2035)
$107.4 million (per year)
$39.5 million (per year)
$19.1 million (per year)
$166.1 million (per year)
Businesses in New Real Estate (Phase 2 – 2036 to 2044)
$141.7 million (per year)
$53.1 million (per year)
$25.5 million (per year)
$220.3 million (per year)
Businesses in New Real Estate (Phase 3 – 2045 onwards)
Source: IMPLAN
PROPERTY TAX
Net New City and County Property Taxes (millions, annual escalations applied) Due to Value Premium on Existing Properties Due to Redevelopment
Residential (Assessed)
Non- residential Subtotal
Residential (Assessed)
Non- residential Subtotal
Total
2026
$0
$0
$0
$2
$0
$2
$2
2027
$0
$0
$0
$2
$0
$2
$2
2028
$0
$1
$1
$3
$0
$3
$5
2029
$0
$3
$3
$5
$0
$5
$8
2030
$0
$3
$3
$7
$0
$7
$10
2031
$1
$4
$5
$11
$0
$11
$15
2032
$1
$4
$5
$15
$0
$15
$20
2033
$1
$6
$7
$23
$0
$22
$29
2034
$1
$6
$7
$25
$0
$25
$32
2035
$1
$8
$9
$28
$0
$28
$37
2036
$1
$8
$9
$31
$0
$31
$41
2037
$1
$8
$9
$35
$1
$36
$45
2038
$1
$8
$10
$41
$1
$42
$52
2039
$1
$9
$10
$48
$2
$50
$60
2040
$2
$9
$10
$53
$2
$55
$65
2041
$2
$9
$11
$59
$2
$61
$72
K-59
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