Each type of project has its own unique benefits. For example, commercial office does not generate sales tax in and of itself, but it does create jobs within the community. While office workers will shop at local businesses and eat at local restaurants, the sales tax benefit derived from office worker purchases is not typically significant. Retail development generates on-going retail sales tax revenue, but is extremely susceptible to market conditions. Multi-family housing generates one-time revenues in park fees, and residents are an indirect source of sales tax revenue as everyday household purchases are made. A comprehensive net fiscal impact analysis will be prepared for the project by an independent third-party consultant and made available for public review.
But project value is not the only driver of land use decisions. Other considerations can include meeting State obligations for housing, improvement to the local economy through the addition of jobs, and improving the appearance of a major community gateway.