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Packet 8.11.25
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Packet 8.11.25
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The Village Santa Ana Specific Plan Entitlements & Development Agreement (1561 W. <br />Sunflower Avenue) <br />August 11, 2025 <br />Page 26 <br /> <br /> <br /> <br />market area. The other reports’ conclusions about the proposed Project and its impacts <br />are outlined in Table 6 below. <br /> <br />Table 6: Key Economic, Fiscal, and Community Benefits Findings <br /> <br />Topic Existing Site Proposed Project Net Change <br />Key Economic Benefit Findings <br />One-Time Impacts Not applicable 8,658 city-captured <br />jobs, including direct, <br />indirect, and induced <br />full- and part-time jobs; <br />$700 million city- <br />captured labor income; <br />and $1.1 billion city- <br />captured economic <br />output <br />Not <br />applicable <br />Recurring (Ongoing) <br />Impacts <br />Estimated 280 jobs 1,167 city-captured <br />jobs, including direct, <br />indirect, and induced <br />full- and part-time jobs; <br />$133 million city- <br />captured labor income; <br />and $119 million city- <br />captured economic <br />output <br />Increase of 887 jobs. <br />Jobs-Housing Balance 156,000 jobs city-wide; <br />83,005 housing units <br />city-wide; and 1.88 <br />jobs-housing balance <br />157,167 jobs city-wide; <br />84,588 housing units <br />city-wide; and 1.86 <br />jobs-housing balance <br />1,167 jobs resulting <br />from the project; 1,583 <br />new housing units; 0.02 <br />decline jobs-housing <br />balance, resulting in a <br />positive shift toward the <br />direction of a 1:1 job- <br />housing balance <br />Key Fiscal Impacts Findings <br />Total Annual Site <br />Revenues to the City’s <br />General Fund <br />$525,000 $5,493,100 $4,968,100 <br />Total Annual Site <br />Expenditures from the <br />City’s General Fund <br />(Cost of Services) <br />$190,000 $2,824,500 $2,634,500 <br />Net Annual Site <br />General Fund Fiscal <br />Impact to the City <br />$335,000 $2,668,600 $2,333,600 <br />Land Residual Value Findings <br />Total Net Assessed <br />Value (NAV) <br /> <br />Not applicable $1,265,000,000 Not applicable <br />Total Costs <br /> Not applicable $1,100,000,000 Not applicable <br />Excess of NAV over <br />Costs <br /> <br />Not applicable $165,000,000 Not applicable <br />
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