Controversial Mall will not Boost Jobs or Revenue, Study Concludes

Date: 1 Sep 2003 | posted in: Retail | 0 Facebooktwitterredditmail

Developers of a massive shopping center in Leominster, Massachusetts, claim the project will create 869 new jobs and boost the city’s property tax revenue by $400,000 annually. But a study by a nationally recognized land use economist has found that the development will destroy about as many jobs as it creates and provide the city with only $51,000 in additional revenue. To put that into perspective, if the new revenue were used to cut residential property taxes, each of the city’s 17,000 households would save just $3 annually. … Read More

Big Box Stores Drain City Revenue, Study Finds

Date: 1 Feb 2003 | posted in: Retail | 0 Facebooktwitterredditmail

Big box retail, shopping centers, and fast-food restaurants cost taxpayers more than they produce in revenue, according to a fiscal impact analysis in Barnstable, Massachusetts. The study, conducted by Tischler & Associates, compares the tax revenue generated by different kinds of residential and commercial development with the actual cost of providing public services for each land use. Barnstable is a community of 48,000 people on Cape Cod.… Read More

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