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2004_1025_Packet
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2004_1025_Packet
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� TOTALS: $28 million $212 million <br />� <br />�� <br />8.2 Residents: The Community Development Department has estimated that with 730 new homes, <br />there will be an estimated 1,100 to 1,350 new residents when Phase 1 is fully constructed and <br />sold. The 2001 plan proj ected less than half this number of new residents in the same area. <br />8.3 Jobs: The Community Development Department has estimated that the office and retail <br />developments will create a total of appro�mately 1,000 jobs generating an estimated $61,000 <br />dollars per office j ob and $35,000 per retaiUservice j ob. This equates to $24 million in annual <br />office wages and $ 21 million in annual retaiUservice wages, for a total of $45 million in new <br />wages (unadjusted for inflation). These proj ections are estimated based upon the same <br />calculationsused in the 2001 Master Plan. The 2001 plan projected 3,000 to 5,000 new jobs <br />depending upon the density of development. <br />(Next Page) <br />PF3595 — RCA Concept Plan and PrelimPlat Approval - 102504 Page 21 <br />
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