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Table 7: 25-Year Recurring Adjusted Fiscal Impact <br />25-Year Recurring Net New Fiscal Impacts (NPV at 4 4 discount rate) <br />25 year Recurring Fiscal <br />Revenues <br />Report' $23,109,060 <br />AECOM $24,679,077 <br />25 year Recurring Fiscal 25 year Recurring Net New <br />Expenditures Impact <br />I(1) Assumes Sales Tax cash flow analysis from Table 2 in the Report <br />Source: TCG, RSG, AECOM <br />$7,026,724 <br />$14,354,016 <br />$16,082,335 <br />$10,325,061 <br />Economic Impacts <br />The Report only considers the impacts on employment for the "Region," which is not specified (but is likely to be <br />Orange County). The Report derives an estimate of construction phase jobs from construction costs. The estimate of <br />permanent jobs is derived from rate assumptions that associate employment with retail square footage and dwelling <br />units. The analysis uses IMPLAN software that draws on data from several local, state and federal sources, including <br />the Bureau of Economic Analysis (BEA), the Bureau of Labor Statistics (BLS), and the California Department of <br />Finance. This software package is used widely for estimating economic impacts across a wide array of industries and <br />economic settings. To test the estimated economic impacts shown in the Report, AECOM conducted a parallel <br />IMPLAN input/output analysis using the Report's inputs for Project construction costs and full-time positions. The <br />outputs of AECOM's model were close to those of the Report and validate the Report's employment estimates. <br />