CurrentImpact

Job Creation Estimates

TOTAL
SQ FT / UNITS

SQ FT / UNITS
PER EMPLOYEE

TOTAL
EMPLOYEES

Permanent Employment

Retail / Restaurant

651,100

400

1,628

Office / Hotel

10,000

250

40

Residential

377

50

8

Employment / Entertainment /Recreation

0

300

0

Project Total

1,675

$ VALUE
PER SF / UNIT

TOTAL
$ VALUE

% LABOR TO
$ VALUE

LABOR
$ VALUE

TOTAL
EMPLOYEES

Construction Employment

Retail / Restaurant

$80

$52,088,000

50%

$26,044,000

651

Office / Hotel

$80

$800,000

50%

$400,000

10

Residential

$125,000

$47,125,000

50%

$23,562,500

589

Employment / Entertainment /Recreation

$60

$0

50%

$0

0

Project Total

$100,013,000

$50,006,500

1,250

Annual

156

Source: Bureau of Economic Analysis and Ricker |Cunningham

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CSURA - advancing sound urban

Personal Income Estimates

Permanent Employment

Total Employees

1,675

Regional Employment Multiplier*

1.20

Total New Employees Generated

2,010

Average Annual Income / Employee

$45,000

Total Annual Income from New Employment

$90,465,660

Construction Employment

Total Annual Employees During Construction Period

156

Regional Employment Multiplier*

1.2

Total New Employees Generated

188

Average Annual Income / Employee

$40,000

Total Annual Income from New Employment

$7,500,975

* Multipliers derived from Regional Input-Output Modeling System II (RIMS II)

Sales Tax Revenues

Current Development

Total Retail Space

651,100

Retail Sales Per Sq Ft

$180

Total New Annual Retail Sales

117,130,950

New Annual Sales Tax Revenue to:

Public Safety Sales/Use Tax (PSST)

$468,524

Trails, Open Space and Parks Tax (TOPS)

$117,131

Pikes Peak Rural Transportation Authority (PPRTA)

$1,171,310

Total New Sales Tax Revenue not Captured by CSURA

$1,756,964

Current Development To-Date

3 active redevelopment projects

over $60 million in public investment

over $125 million in private investment

377 residential units and over 660,000 square feet of commercial space developed

2,010 permanent jobs, generating $90.5 million in annual personal income

188 construction jobs, generating $7.5 million in annual personal income

$1.7 million in annual sales tax revenues to public safety (PSST), trails, open space and parks (TOPS), and the rural transportationauthority (PPRTA)