CAROLINA CROSSROADS MUSIC & ENTERTAINMENT DISTRICT
123 ACRE PHASE I
ECONOMIC IMPACT OVERVIEW
Local Impact
Total Investment Estimate:
Total Job Creation Estimate:
Total Annual Payroll:
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$257, 629,099 (1)
2433 FTE jobs (1)
$50.7 million (1) |
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Direct Construction Job Creation:
Direct Construction Payroll:
Direct & Indirect Construction Job Creation:
Direct & Indirect Construction Payroll: |
2300 jobs (1)
$76.4 million (1)
3300 (1)
$102.7 million (1) |
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City Property Tax Revenues Over 10 Years:
County Property Tax Revenues Over 10 Years:
City Sales Tax Revenues Over 10 Years:
County Sales Tax Revenues Over 10 Years: |
$13,685,895 (1)
$23,987,998 (3)
$6,855,934 (4)
$26,219,497 (4) |
Regional Impact
Increased Industry Output:
Increased Employment:
Increased Labor Income: |
$533,600,000 (2)
12,250 (2)
$204,700,000 (2) |
Enhanced Economic Benefits for Halifax County
Increased Demand for Housing
Increased Demand for Business Services
Increased Training/Education through Halifax Community College
Increased Tourism/Visitors and Opportunities
Increased Demand for Retail/Commercial Ventures
Transportation and Utility Expansions
- Source: Economics Research Associates, December 2005
- Source: Carolina Center for Competitive Economies, UNC-Chapel Hill, 2005
(from previously provided investment estimates of $129,000,000)
- Source: City of Roanoke Rapids
- Source: Blanchard & Calhoun Commercial, LLC
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