BuildOutImpacts

Job Creation Estimates

TOTAL
SQ FT / UNITS

SQ FT / UNITS
PER EMPLOYEE

TOTAL
EMPLOYEES

Permanent Employment

Retail / Restaurant

3,011,720

400

7,529

Office / Hotel

1,844,670

250

7,379

Residential

2,572

50

51

Employment / Entertainment /Recreation

1,052,180

300

3,507

Project Total

18,467

$ VALUE
PER SF / UNIT

TOTAL
$ VALUE

% LABOR TO
$ VALUE

LABOR
$ VALUE

TOTAL
EMPLOYEES

Construction Employment

Retail / Restaurant

$80

$240,937,600

50%

$120,468,800

3,012

Office / Hotel

$80

$147,573,600

50%

$73,786,800

1,845

Residential

$125,000

$321,500,000

50%

$160,750,000

4,019

Employment / Entertainment /Recreation

$60

$63,130,800

50%

$31,565,400

789

Project Total

$773,142,000

$386,571,000

$9,664

Annual

483

Source: Bureau of Economic Analysis and Ricker |Cunningham

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CSURA - advancing sound urban

Personal Income Estimates

Permanent Employment

Total Employees @ Build-Out

18,467

Regional Employment Multiplier*

1.20

Total New Employees Generated

22,160

Average Annual Income / Employee

$45,000

Total Annual Income from New Employment

$997,201,080

Construction Employment

Total Annual Employees During Construction Period

483

Regional Employment Multiplier*

1.2

Total New Employees Generated

533

Average Annual Income / Employee

$40,000

Total Annual Income from New Employment

$23,194,260

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

Sales Tax Revenues

At Build-Out

Total Retail Space

3,011,720

Retail Sales Per Sq Ft

$180

Total New Annual Retail Sales

$542,109,600

New Annual Sales Tax Revenue to:

Public Safety Sales/Use Tax (PSST)

$2,168,438

Trails, Open Space and Parks Tax (TOPS)

$542,110

Pikes Peak Rural Transportation Authority (PPRTA)

$5,421,096

Total New Sales Tax Revenue not Captured by CSURA

$8,131,644

At Build-Out

9 redevelopment projects

anticipated $100 million in public investment

nearly $900 million in private investment

over 2,500 residential units and nearly 6 million square feet of commercial space to be developed

over 22,000 permanent jobs, generating $997 million in annual personal income

over 530 construction jobs, generating $21 million in annual personal income

over $8 million in annual sales tax revenues to public safety (PSST), trails, open space and parks (TOPS), and the rural transportation authority (PPRTA)