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2 City of Santa Ana September 27, 2023 Economic Impacts Resulting from the Proposed Related Bristol Specific Plan Related proposed the Specific Plan to replace the existing General Commercial (“C2”) and Regional Commercial (“CR”) zoning on the Project site, demolish the existing shopping center and related infrastructure, and redevelop the Project site into a mixed-use development of for-rent residential units, retail and service uses, and a hotel. A summary of the proposed land uses and their respective associated residential unit or non-residential square footage parameters within the Project are listed below in Table 1. Table 1: Proposed Land Uses for the Project Land Uses Dwelling Units (“DUs”), Hotel Rooms (“RMs”), and BSF Residential Land Uses 3,750 DUs Apartment 3,750 DUs Non-R esidential Land Uses 350,000 BSF/250 RMs Grocery 50,000 BSF Fitness 45,000 BSF Restaurant 70,000 BSF Neighborhood Retail 75,000 BSF Neighborhood Services 110,000 BSF Hotel 250 RMs B Overview of Economic Impact Analysis The DTA EIA identifies the general economic impacts of the Project on the County and City. As illustrated in Figure 2, economic impact studies operate under the basic assumption that any increase in spending resulting from a development project has direct, indirect, and induced economic effects. First, there is a direct impact caused by the additional output of goods or services on-site. Second, there are a ripple of indirect impacts on all the industries whose outputs are used by firms located within the Project and various firms’ supply chains. Third, there are induced impacts that arise when employment increases in the region and stimulates greater household spending. In evaluating these economic impacts, the DTA EIA incorporates two stages of the development process: construction and recurring operations. First, there is a one-time impact from the construction of the various types of land uses within the Project. Then, after the construction and tenant improvement phases are complete, the DTA EIA determines the magnitude of the permanent annual recurring impact on the economy through the ongoing operations of the development that has occurred on the Project site. For purposes of the DTA EIA, all economic impacts are stated in constant 2023 (uninflated) dollars based on the assumption that the relative impacts of inflation in future years would be difficult to gauge, and inflation-impacted numbers would not provide as clear a description of the economic impacts of the Project. Exhibit 10 City Council 22 – 404 9/17/2024