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Gross Retail Sales by County (graph) <br />FINANCIAL ANALYSIS <br />• CONDITIONS (Regional): <br />• Second highest per capita incomes <br />• Highest per capita retail sales dollars spent <br />• 53% of retail dollars are spent outside of the county <br />• RESULTS <br />• Residents shop and drive outside of the county to meet their retail demands <br />• Loss of substantial Orange County sales tax revenue <br />• Difficult to `Shop Orange' <br />Expenditures on Retail Goods (graph) <br />• Retail Dollar `Leakage' (STRIPED) <br />• Spent by County Residents in Same County (DARK BLUE) <br />• Purchases by Non-County Residents (LIGHT BLUE) <br />Retail Sales and Income Comparisons (table) <br />Buckhorn Village <br />Potential Tax Benefits <br />• BUCKHORN VILLAGE <br />. 1.14 million s.f. commercial development <br />. $140 million property value and economic development multiplier <br />. $1.3 million in property tax value <br />Currently commercial property tax is minimal <br />• Positive Cost/Benefit Analysis * (See Study) <br />• $5+ Million in Sales Tax Revenues <br />• Will slow the leakage of more than 10 million in sales tax revenues currently flowing <br />outside the county <br />Benefits <br />• As many as 70% of Orange County residents surveyed said they shopped outside of the <br />county over the past 30 days* <br />. Buckhorn Village will provide: <br />. Convenient opportunities to shop locally <br />. Reduced out of county trips and air pollution <br />. Increased local job opportunities <br />. Greater share of tax dollars remaining in County <br />Tax Revenues vs. Expenditures <br />Orange County (graph) <br />• For every $1 of revenue from Residential uses, the County spends $1.31 to provide public <br />services to that sector <br />• Commercial uses generate 4 x's the revenue than they use in public services. <br />Buckhorn Village Location Analysis <br />• CURRENT CONDITIONS: <br />