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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 />