This is big
According to the Tallahassee Community Redevelopment Agency (CRA), once completed, the mixed-use development bordering Cascades Park will generate an estimated $1.29 million in new tax revenue in the first year alone.
An economic analysis commissioned by the Office of Economic Vitality (OEV) and conducted by Dr. Julie Harrington, director of FSU’s Center for Economic Forecasting and Analysis, anticipates the construction impacts of the project will result in nearly $300 million in economic output and more than 2,200 jobs.
The study also expects the project to create nearly 700 permanent jobs and generate an ongoing annual economic output of more than $64 million, making this one of the region’s largest economic development projects in recent history.
