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Project Economic Benefits

Project Economic Benefits

  The total number of on and off-site jobs created during construction are estimated to range from 274 to 360.
  Between 156 and 206 of these jobs are expected to be local new hires or preservation of existing jobs currently within the city.
  Total spending during construction will be boosted by between $8.26 million and $12.15 million in New York.
  Total tax revenues associated with the direct and indirect income and associated spending during the construction is estimated to be between $2.367 million and $4.154 million.
  In addition, there is a permanent annual accrual of property taxes that is estimated to be roughly $5.315 million. Over the first 50 year period, the total current and constant property tax dollars are estimated to be more than $265 million.