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