Posted Apr 18, 2019, 2:54 AM
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Small but Mighty
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Join Date: Jun 2017
Location: Chicago, IL
Posts: 343
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Quote:
Originally Posted by Barrelfish
Link to the One Central analysis that the Chicagoland Chamber of Commerce commissioned.
P. 31 shows the breakdown of the headline ~$120B of impact: - $75B from the new buildings and associated jobs
- $32B from more visits to Museum Campus, McCormick, and downtown
- $9B from new residential development and income in the south loop
- $3.6B from new CTA fare revenue
Haven't gone into the detail enough to know how believable those numbers are.
However, it's worth flipping through the report regardless because it has a TON of data on downtown development generally. Population and income trends, vacant land absorption, hotel capacity, transit access, etc. etc. etc. Quite frankly I'm not sure why they gathered all of this data, because some of it doesn't seem to go into the impact assessment at all, but I'm glad they did.
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Because when you got $60,000 to blow on a study, why not?
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