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3 - The Bowery
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05-11-20
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3 - The Bowery
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Santa Ana Redhill Development <br /> <br /> <br /> <br /> <br />Prepared for: City of Santa Ana <br /> <br />AECOM <br />35 <br /> <br />Sales Taxes: Sales taxes for both developments come from both taxable sales from the proposed retail and <br />industrial land uses and spending from future residents and employees. For the Project, BLS data on household <br />consumption expenditures for the area were discounted to account for the likely capture to Santa Ana of households <br />on the periphery of the City with considerable retail options in adj acent districts of neighboring cities. A capture rate of <br />30% was applied to account for this spending and the capture of on-site retail of the Project described above in the <br />Retail Demand section and the potential transfer of sales tax from other retail es tablishments in the City. Workday <br />spending for on-site employees for both developments also assumed these factors in their discount rates. Detailed <br />tables are shown in the Appendix A. <br />Other Government Revenues: Other sources of revenue are expected to increase as the result of the annexation of <br />the Study Area, including business permits, licenses and inspections, franchise fees, fines and forfeitures and <br />intergovernmental transfers. Detailed tables are shown in the Appendix A. <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br /> <br />3-262
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