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75D - PH- MAIN PLACE TRANSFORMATION
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75D - PH- MAIN PLACE TRANSFORMATION
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Last modified
5/30/2019 7:32:33 PM
Creation date
5/30/2019 5:10:30 PM
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City Clerk
Doc Type
Agenda Packet
Agency
Planning & Building
Item #
75D
Date
6/4/2019
Destruction Year
2024
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Table 1.2: <br />Fiscal Expenditure at Full Buildout <br />HH Size <br />Service Population <br />Per Capita Expenditure <br />Total Expenditure <br />2.1 <br />5,426 <br />$512 <br />$2,781,000 <br />2.5 <br />6,206 <br />$512 <br />$3,254,000 <br />3 <br />7,134 <br />$512 <br />$3,657,000 <br />4.29 <br />9,530 <br />$512 <br />$4,966,000 <br />Source: Kosmont Companies, US Census, Costar, AECOM <br />The increased Fiscal Expenditures continue to yield a net benefit to the City's General Fund, although the margin <br />could be reduced by between approximately $500,000 and $2 million. <br />4. Conclusion <br />Overall, the Consultant's report is based on sound methodology and within the range of comparable studies for fiscal <br />and economic impacts of development in Southern California, several assumptions are optimistic and clarification or <br />validation would be helpful. The inclusion of impacts to the City from the current land uses of MainPlace Mall would <br />also provide the City with a more complete picture of the overall impact of the Development. <br />AECOM <br />9 <br />75D-578 <br />
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