Agenda - 06-03-2008-3b - Laserfiche WebLink

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Orange County: Buckhorn Village Construction Impact The "Economic Impact of Buckhorn Village, Orange County, NC," report analyzed the economic impact of the construction phase of the project. The study used an estimated $138 million in construction costs, slightly less than the $143 million figure used for this analysis. Using the well-known IMPLAN model, the study found that 1,332 jobs would be created during the construction phase. About 932 of the jobs would be in Orange County and about 400 outside the County. Additionally, $2.18 million in sales tax revenue would be realized during construction, of which $875,000 would remain in County. IlVIPLAN is a predictive input-output model that estimates the effect of an increase in investment on a specified economy. Cost of Public Services: Public Safety, Infrastructure The potential impact on Orange County public services was reviewed. In all economic development projects there are financial impacts on public services. In the case of Buckhorn Village, public safety services will become the responsibility of the City of Mebane within one year from the onset of construction or the Certificate of Occupancy, whichever is later. Orange County will incur minimal public safety cost during the one year construction period. Water and wastewater services will be provided by the City of Mebane from the outset. Electric, telecommunications, and natural gas will be provided by private utilities. The County will have the benefit of the project without the costs associated with public safety and infrastructure. Housing and Schools The consulting team reviewed the impact on public schools directly related to potential new housing. More housing typically means more children in schools and other public service impacts. The 2006 NC State study of cost of services, "The Cost of Community Services in Sanford Holshouser 18