Projected Economic Benefit
The following projections are based on estimates provided by the City of Phoenix and Thomas J. Klutznick Company.
Municipal Tax Revenues
- $1 billion to the City of Phoenix over the life of CityNorth
- $22 million average annually during years 1 to 10
Construction Sales Tax
- City - $21,200,000
- State - $57,300,000
Jobs Created
- 16,000 during construction
- 19,000 during operation
As of July 2009, CityNorth has provided substantial economic benefits including:
- $6.5 Million in development fees and commercial, restaurant, construction, retail and residential-rental taxes.
- Local jobs including 75 subcontractors with approximately 600 construction workers for phase one.
- Numerous Intangibles for the City of Phoenix
Read more about this topic: City North
Famous quotes containing the words projected, economic and/or benefit:
“Come see the north wind’s masonry.
Out of an unseen quarry evermore
Furnished with tile, the fierce artificer
Curves his white bastions with projected roof”
—Ralph Waldo Emerson (1803–1882)
“In our personal ambitions we are individualists. But in our seeking for economic and political progress as a nation, we all go up—or else all go down—as one people.”
—Franklin D. Roosevelt (1882–1945)
“There is also this benefit in brag, that the speaker is unconsciously expressing his own ideal. Humor him by all means, draw it all out, and hold him to it.”
—Ralph Waldo Emerson (1803–1882)