Orange County NC Website
Browse       Search
5 <br />~l <br />2 Gross Retail Sales by County (graph) <br />3 <br />4 FINANCIAL ANALYSIS <br />5 CONDITIONS (Regional): " <br />6 Second highest per capita incomes <br />7 Highest per capita retail sales dollars spent <br />8 53% of retail dollars are spent outside of the county <br />9 <br />10 e RESULTS <br />11 Residents shop and drive outside of the county to meet their retail demands <br />12 Loss of substantial Orange County sales tax revenue <br />13 Difficult to `Shop Orange' <br />14 • <br />15 Expenditures on Retail•Goods (graph) <br />16 <br />17 ~ Retail Dollar `Leakage' (STRIPED) <br />Ig Spent by County Residents in Same County (DARK BLUE) <br />19 =Purchases by Non-County Residents (LIGHT BLUE) <br />20 <br />21 Retail Sales and Income Comparisons (table) <br />22 <br />23 Buckhorn Village <br />24 Potential Tax Benefits <br />J25 a BUCKHORN VILLAGE <br />L6 ~ 1.14 million s.f. commercial development <br />27 ~ $140 million property value and economic development multiplier <br />28 ~ $1.3 million in property tax value <br />29 • Currently commercial property tax is minimal <br />30 4 Positive Cost/Benefit Analysis ~' (See Study) <br />31 a $5+ Million in.Sales Tax Revenues <br />32 Will slow the leakage of more than 10 million in sales tax revenues currently flowing <br />33 outside the county <br />34 Benefits <br />35 ~ As many as 70% of Orange County residents surveyed said they shopped outside of the <br />36 county over the past 30 days* <br />3'7 d Buckhorn Village will provide: <br />3g ° Convenient opportunities to shap locally <br />39 ~ ° Reduced out of county trips and air pollution <br />40 ° Increased local job opportunities <br />41 ° Greater share of tax dollars remaining in County <br />4z <br />43 Tax Revenues vs. Expenditures <br />44 Orange County (graph} <br />45 ~ For every $1 of revenue from Residential uses, the County spends $1.31 to provide public <br />46 services to that sector <br />47 ~ Commercial uses generate 4 x's the revenue than they use in public services. <br />48 <br />49 Buckhorn Village Location Analysis <br />50 o CURRENT CONDITIONS: <br />s <br />