Hundred of New Jobs…and Millions in Economic Impact
Economic Benefits of Construction
At an expected cost of $325 million, the project will:
· Create 3,450 direct jobs and 1,900 secondary jobs
· Produce a $158 million payroll (direct and secondary impacts)
· Create nearly $510 million in total economic impact (1)
What are the Permanent Economic Impacts?
Our estimate is $30 million in annual economic impact and 500 permanent jobs due to increased visitor days, direct flights from major markets and increased economic activity. (2)
How Has It Been Done in Utah?
St. George, UT will open a new, $160 million airport early next year.
Approximately $123 million is coming from FAA grants; funds generated by airline ticket sales, user taxes, fuel fees, and not from federal income taxes. These funds, collected nationwide, are only used for airport-related projects.
$37 million is funding by local sources, including the sale of existing airport property.
No property taxes, income, or sales tax is anticipated to be used for St. George’s local share of the cost of the new airport. (3)
St. George Airport Manager Reflects on Lessons in
Planning/Constructing a Replacement Airport Utah City Opened New Airport in January 2011
(Press Release - April 7, 2011)
A Detailed Replacement Airport Economic Feasibility Study is in Progress…
Friedman Memorial Airport Redevelopment Plan and Feasibility Analysis
A Recommended Framework Plan: Land Use and Market Strategy
pdf (14.2 mb)
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