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MainPlace Mail
<br />Net Fiscal Impact and Economic Analysis
<br />December 2018
<br />Page 6 of 33
<br />Economic Benefits
<br />The redevelopment of MainPlace will bring significant economic benefits to the City of Santa
<br />Ana and Orange County. Buildout of Phase 1 alone is estimated to require over $700 million in
<br />new capital investment.
<br />Exhibit 1. 1. 2: Economic Benefits from Constnrntinn
<br />Phase One
<br />Direct (On -Site)
<br />Indirect
<br />Induced
<br />Employment
<br />3,635
<br />1,389
<br />1,512
<br />Labor Income
<br />$356,972,000
<br />$96.421,000
<br />$88,909,000
<br />Economic Output
<br />$730,713,000
<br />$216,051,000
<br />$235,036,000
<br />Total Countywide
<br />6,536
<br />$541,302,000
<br />$1,181 799 000
<br />Estimated City Capture
<br />3,934
<br />$375,068,000
<br />$777,190,000
<br />Full Project
<br />Direct (On -Site)
<br />Indirect
<br />Induced
<br />Employment
<br />7,189
<br />2,615
<br />2,971
<br />Labor Income
<br />$704,094,000
<br />$184,310,000
<br />$174,678,010
<br />Economic Output
<br />$1,421,181,000
<br />$412,966,000
<br />$461,781,000
<br />Total Countywide
<br />12,775
<br />$1,063,083,000
<br />$2,295,928,000
<br />Estimated City Capture
<br />7,764
<br />$741,062,000
<br />$1,511,310,000
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<br />Phase 1 construction is estimated to provide over 3,600 FTE jobs on site, with a total of 6,500
<br />jobs countywide ($540 million in wages), including indirect and induced impacts.
<br />By full buildout, the Project could be responsible for over 12,700 full time person years of
<br />employment — yielding $1 billion in wages in today'$ dollars,
<br />Operations
<br />Phase 1 stabilized operations is estimated to provide approximately 1,143 jobs on site, with a
<br />total of 1,551 jobs countywide ($71 million in wages), including indirect and induced impacts.
<br />After full buitdout, the Project could be responsible for over 5,400 jobs in the County — yielding
<br />$400 million In wages in today's dollars,
<br />The analyses, projections, assumptlons, and any examples presented herein are for
<br />IcosIM94— illustrative purposes and are not a guarantee of actual and/or future results. Tax analyses
<br />are projections only. Actual results may differ from those expressed in this analysis.
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