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May Town Center Presentation to Metro Planning. Regional Economic Impacts of Construction, Residential and Commercial Activity William W. Wade Energy and Water Economics April 16, 2008. Presentation Outline. 1 . Regional Economic Impacts Briefly Introduced - PowerPoint PPT Presentation
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May Town CenterPresentation toMetro PlanningRegional Economic Impacts of Construction, Residential and Commercial ActivityWilliam W. WadeEnergy and Water EconomicsApril 16, 2008
E&WE*Presentation Outline
1. Regional Economic Impacts Briefly IntroducedOverview of May Town Center ProjectConstructionResidential SpendingOffice and CommercialTotal Regional Economic ImpactsGovernment Revenues
E&WE*May Town CenterFive Easy Numbers
Morf Inputs
Bell's Landing Project AnalysisFeb 1 2008
Universal Occupancy Rate
OfficeSquare FeetPrice/SFBuild-out YrsBld ScheduleAbsorptionRate/Yr(Office & Commercial)
Office Core4,000,000220152010-20242012-20260.06666666670.95
Office Campus3,000,000200152010-20242012-20260.0666666667
Corporate Office3,000,000180152010-20242012-20260.0666666667
CommercialSquare FeetPrice/SFBuild-out YrsBld ScheduleAbsorption 1Rate1/YrAbsorption 2Rate2/YrAbsorption 3Rate3/Yr
Retail (cmcl*80%)1,200,000300152010-20242012-20160.052017-20210.122022-20260.03
Restaurant (cmcl*20%)300,000300152010-20242012-20160.052017-20210.122022-20260.03
ResidentialSquare FeetAvg Pr/SFUnitsAvg SF/UnitAvg Pr/UnitBuild-out YrsBld ScheduleAbsorptionRate/Yr
Urban Core3,360,0002682,4001,400375,000152010-20242011-20250.0666666667
Other3,640,0002682,6001,400375,000152010-20242011-20250.0666666667
All Residential7,000,0002685,0001,400375,000152010-20242011-20250.0666666667
Hard ConstructionCost/SF20102011201220132014201520162017201820192020202120222023202420252026
Office Core175$46,666,667$46,666,667$46,666,667$46,666,667$46,666,667$46,666,667$46,666,667$46,666,667$46,666,667$46,666,667$46,666,667$46,666,667$46,666,667$46,666,667$46,666,667
Office Campus150$30,000,000$30,000,000$30,000,000$30,000,000$30,000,000$30,000,000$30,000,000$30,000,000$30,000,000$30,000,000$30,000,000$30,000,000$30,000,000$30,000,000$30,000,000
Corporate Office125$25,000,000$25,000,000$25,000,000$25,000,000$25,000,000$25,000,000$25,000,000$25,000,000$25,000,000$25,000,000$25,000,000$25,000,000$25,000,000$25,000,000$25,000,000
Cmcl-Retail165$13,200,000$13,200,000$13,200,000$13,200,000$13,200,000$13,200,000$13,200,000$13,200,000$13,200,000$13,200,000$13,200,000$13,200,000$13,200,000$13,200,000$13,200,000
Cmcl-Restaurant295$5,900,000$5,900,000$5,900,000$5,900,000$5,900,000$5,900,000$5,900,000$5,900,000$5,900,000$5,900,000$5,900,000$5,900,000$5,900,000$5,900,000$5,900,000
All Residential140$65,333,333$65,333,333$65,333,333$65,333,333$65,333,333$65,333,333$65,333,333$65,333,333$65,333,333$65,333,333$65,333,333$65,333,333$65,333,333$65,333,333$65,333,333
Total Hard Construction:$186,100,000$186,100,000$186,100,000$186,100,000$186,100,000$186,100,000$186,100,000$186,100,000$186,100,000$186,100,000$186,100,000$186,100,000$186,100,000$186,100,000$186,100,000
Absorption/Year20102011201220132014201520162017201820192020202120222023202420252026
Office Core (.95 occupancy)$55,733,333$55,733,333$55,733,333$55,733,333$55,733,333$55,733,333$55,733,333$55,733,333$55,733,333$55,733,333$55,733,333$55,733,333$55,733,333$55,733,333$55,733,333
Office Campus (.95 occupancy)$38,000,000$38,000,000$38,000,000$38,000,000$38,000,000$38,000,000$38,000,000$38,000,000$38,000,000$38,000,000$38,000,000$38,000,000$38,000,000$38,000,000$38,000,000
Corporate Office (.95 occupancy)$34,200,000$34,200,000$34,200,000$34,200,000$34,200,000$34,200,000$34,200,000$34,200,000$34,200,000$34,200,000$34,200,000$34,200,000$34,200,000$34,200,000$34,200,000
Cmcl-Retail (.95 occupancy)$17,100,000$17,100,000$17,100,000$17,100,000$17,100,000$41,040,000$41,040,000$41,040,000$41,040,000$41,040,000$10,260,000$10,260,000$10,260,000$10,260,000$10,260,000
Cmcl-Restaurant (.95 occupancy)$4,275,000$4,275,000$4,275,000$4,275,000$4,275,000$10,260,000$10,260,000$10,260,000$10,260,000$10,260,000$2,565,000$2,565,000$2,565,000$2,565,000$2,565,000
All Residential$125,000,000$125,000,000$125,000,000$125,000,000$125,000,000$125,000,000$125,000,000$125,000,000$125,000,000$125,000,000$125,000,000$125,000,000$125,000,000$125,000,000$125,000,000
Cumulative Absorption (Mkt Value)20102011201220132014201520162017201820192020202120222023202420252026
Office Core (.95 occupancy)$55,733,333$111,466,667$167,200,000$222,933,333$278,666,667$334,400,000$390,133,333$445,866,667$501,600,000$557,333,333$613,066,667$668,800,000$724,533,333$780,266,667$836,000,000
Office Campus (.95 occupancy)$38,000,000$76,000,000$114,000,000$152,000,000$190,000,000$228,000,000$266,000,000$304,000,000$342,000,000$380,000,000$418,000,000$456,000,000$494,000,000$532,000,000$570,000,000
Corporate Office (.95 occupancy)$34,200,000$68,400,000$102,600,000$136,800,000$171,000,000$205,200,000$239,400,000$273,600,000$307,800,000$342,000,000$376,200,000$410,400,000$444,600,000$478,800,000$513,000,000
Cmcl-Retail (.95 occupancy)$17,100,000$34,200,000$51,300,000$68,400,000$85,500,000$126,540,000$167,580,000$208,620,000$249,660,000$290,700,000$300,960,000$311,220,000$321,480,000$331,740,000$342,000,000
Cmcl-Restaurant (.95 occupancy)$4,275,000$8,550,000$12,825,000$17,100,000$21,375,000$31,635,000$41,895,000$52,155,000$62,415,000$72,675,000$75,240,000$77,805,000$80,370,000$82,935,000$85,500,000
All Residential$125,000,000$250,000,000$375,000,000$500,000,000$625,000,000$750,000,000$875,000,000$1,000,000,000$1,125,000,000$1,250,000,000$1,375,000,000$1,500,000,000$1,625,000,000$1,750,000,000$1,875,000,000$1,875,000,000
Aggregated Market Value20102011201220132014201520162017201820192020202120222023202420252026
Office$127,933,333$255,866,667$383,800,000$511,733,333$639,666,667$767,600,000$895,533,333$1,023,466,667$1,151,400,000$1,279,333,333$1,407,266,667$1,535,200,000$1,663,133,333$1,791,066,667$1,919,000,000
Commercial$21,375,000$42,750,000$64,125,000$85,500,000$106,875,000$158,175,000$209,475,000$260,775,000$312,075,000$363,375,000$376,200,000$389,025,000$401,850,000$414,675,000$427,500,000
Total Office+Commercial$149,308,333$298,616,667$447,925,000$597,233,333$746,541,667$925,775,000$1,105,008,333$1,284,241,667$1,463,475,000$1,642,708,333$1,783,466,667$1,924,225,000$2,064,983,333$2,205,741,667$2,346,500,000
Residential$125,000,000$250,000,000$375,000,000$500,000,000$625,000,000$750,000,000$875,000,000$1,000,000,000$1,125,000,000$1,250,000,000$1,375,000,000$1,500,000,000$1,625,000,000$1,750,000,000$1,875,000,000$1,875,000,000
Grand Total Value$125,000,000$399,308,333$673,616,667$947,925,000$1,222,233,333$1,496,541,667$1,800,775,000$2,105,008,333$2,409,241,667$2,713,475,000$3,017,708,333$3,283,466,667$3,549,225,000$3,814,983,333$4,080,741,667$4,221,500,000
Cumulative Office & Cmcl SF/Year20102011201220132014201520162017201820192020202120222023202420252026
Office Core (.95 occupancy)253,333506,667760,0001,013,3331,266,6671,520,0001,773,3332,026,6672,280,0002,533,3332,786,6673,040,0003,293,3333,546,6673,800,000
Office Campus (.95 occupancy)190,000380,000570,000760,000950,0001,140,0001,330,0001,520,0001,710,0001,900,0002,090,0002,280,0002,470,0002,660,0002,850,000
Corporate Office (.95 occupancy)190,000380,000570,000760,000950,0001,140,0001,330,0001,520,0001,710,0001,900,0002,090,0002,280,0002,470,0002,660,0002,850,000
TOTAL CUMULATIVE OCCUPIED OFFICE SF/YR633,3331,266,6671,900,0002,533,3333,166,6673,800,0004,433,3335,066,6675,700,0006,333,3336,966,6677,600,0008,233,3338,866,6679,500,000
Cmcl-Retail (.95 occupancy)57,000114,000171,000228,000285,000421,800558,600695,400832,200969,0001,003,2001,037,4001,071,6001,105,8001,140,000
Cmcl-Restaurant (.95 occupancy)14,25028,50042,75057,00071,250105,450139,650173,850208,050242,250250,800259,350267,900276,450285,000
Cumulative Families/Year20102011201220132014201520162017201820192020202120222023202420252026
Cumulative Number of Families (Units)3336671,0001,3331,6672,0002,3332,6673,0003,3333,6674,0004,3334,6675,0005,000
Wtd Avg Income/Family:$153,000Total Income:$51,000,000$102,000,000$153,000,000$204,000,000$255,000,000$306,000,000$357,000,000$408,000,000$459,000,000$510,000,000$561,000,000$612,000,000$663,000,000$714,000,000$765,000,000$765,000,000
Retail Purchases Rate:0.184Retail Buying:$9,384,000$18,768,000$28,152,000$37,536,000$46,920,000$56,304,000$65,688,000$75,072,000$84,456,000$93,840,000$103,224,000$112,608,000$121,992,000$131,376,000$140,760,000$140,760,000$79,177,500
Tax & Rev ParametersMkt Val Assess FactorEff RatePer $ BasisTotal Factor$ Source
Ofc & Cmcl Property0.40$4.04$100.000.01616Assess Mkt
Residential Property0.25$4.04$100.000.0101Assess Mkt
Other Local Fee Revsna$757.00Per Household757Households
Local Option Sales1.00$0.0225$1.000.0225Gross Sales--incl constr mtls cost (hard cost*0.6)
Tax & Other Revenues20102011201220132014201520162017201820192020202120222023202420252026Total
Offc & Cmcl Property$2,412,823$4,825,645$7,238,468$9,651,291$12,064,113$14,960,524$17,856,935$20,753,345$23,649,756$26,546,167$28,820,821$31,095,476$33,370,131$35,644,785$37,919,440$306,809,720
Residential Property$1,262,500$2,525,000$3,787,500$5,050,000$6,312,500$7,575,000$8,837,500$10,100,000$11,362,500$12,625,000$13,887,500$15,150,000$16,412,500$17,675,000$18,937,500$18,937,500$170,437,500
Other Fee Rev (Family)$252,333$504,667$757,000$1,009,333$1,261,667$1,514,000$1,766,333$2,018,667$2,271,000$2,523,333$2,775,667$3,028,000$3,280,333$3,532,667$3,785,000$3,785,000$34,065,000
Local Sales Tx (Family)$211,140$422,280$633,420$844,560$1,055,700$1,266,840$1,477,980$1,689,120$1,900,260$2,111,400$2,322,540$2,533,680$2,744,820$2,955,960$3,167,100$3,167,100$28,503,900
Constr Mtls Sales Tax$2,512,350$2,512,350$2,512,350$2,512,350$2,512,350$2,512,350$2,512,350$2,512,350$2,512,350$2,512,350$2,512,350$2,512,350$2,512,350$2,512,350$2,512,350$0$0$37,685,250
Total Revenues$2,512,350$4,238,323$8,377,119$12,515,915$16,654,711$20,793,507$24,932,303$29,554,687$34,177,071$38,799,455$43,421,839$48,044,223$52,044,851$56,045,479$60,046,107$61,534,385$63,809,040$577,501,370
Direct Office & Commercial Employment201220132014201520162017201820192020202120222023202420252026
Office Jobs:2,5335,0677,60010,13312,66715,20017,73320,26722,80025,33327,86730,40032,93335,46738,000
NAICSRetail Jobs:1783565347138911,3181,7462,1732,6013,0283,1353,2423,3493,4563,563
See Breakout BelowSF/Office Job:25041,563
44SF/Retail Job:400Retail Jobs:1432854285707131,0551,3971,7392,0812,4232,5082,5942,6792,7652,850
7221SF/Restaurant Job:400Restrnt Jobs:3671107143178264349435520606627648670691713
Industry Breakout for Direct Office Jobs201220132014201520162017201820192020202120222023202420252026
NAICSSectorProportionCompetitive
551Management of Companies0.05Yes1272533805076337608871,0131,1401,2671,3931,5201,6471,7731,900
561Administrative & Support0.40Yes1,0132,0273,0404,0535,0676,0807,0938,1079,12010,13311,14712,16013,17314,18715,200
541Professional, R&D, Tech0.30Partly Yes7601,5202,2803,0403,8004,5605,3206,0806,8407,6008,3609,1209,88010,64011,400
52Financial & Insurance0.15Less3807601,1401,5201,9002,2802,6603,0403,4203,8004,1804,5604,9405,3205,700
531Real Estate0.10Less2535077601,0131,2671,5201,7732,0272,2802,5332,7873,0403,2933,5473,800
Total2,5335,0677,60010,13312,66715,20017,73320,26722,80025,33327,86730,40032,93335,46738,000
Modeling Inputs20102011201220132014201520162017201820192020202120222023202420252026
Construction (by local final demand type; nat'l displacement because could invest anywhere; local productivity)
Office+Cmcl$120,766,667$120,766,667$120,766,667$120,766,667$120,766,667$120,766,667$120,766,667$120,766,667$120,766,667$120,766,667$120,766,667$120,766,667$120,766,667$120,766,667$120,766,667$0$0
Residential$65,333,333$65,333,333$65,333,333$65,333,333$65,333,333$65,333,333$65,333,333$65,333,333$65,333,333$65,333,333$65,333,333$65,333,333$65,333,333$65,333,333$65,333,333$0$0
BLS: 2007*0.87 = 2002
Office+Cmcl (/1000=input)105,067105,067105,067105,067105,067105,067105,067105,067105,067105,067105,067105,067105,067105,067105,06700
Residential (/1000=input)56,84056,84056,84056,84056,84056,84056,84056,84056,84056,84056,84056,84056,84056,84056,84000
Office Employment (new office jobs as nat'l displacement because could work anywhere; infer sales & payroll from #jobs; nat'l productivity)
ABOVE: SEE INDUSTRY BREAKOUT FOR #DIRECT NEW OFFICE JOBS BY NAICS SECTOR
Retail Commercial Employment (new retail jobs as local displacement, using direct high-productivity data for output [sales], jobs, & payroll)
Wage rate:24,300(2007:2002)21,141
Productivity:240,000(2007:2002)208,800
Payroll (#jobs*wg rate/1000)3,0136,0259,03812,05015,06322,29329,52336,75443,98451,21453,02254,82956,63758,44460,252
Sales (#jobs*prod*.25/1000)7,43914,87722,31629,75437,19355,04572,89790,750108,602126,455130,918135,381139,844144,307148,770
Jobs (from NAICS 44 above)1432854285707131,0551,3971,7392,0812,4232,5082,5942,6792,7652,850
Restaurant Commercial Employment (new restrnt jobs as local displacement, using direct high-productivity data for output [sales], jobs, & payroll)
Wage rate:24,300(2007:2002)21,141
Productivity:260,000(2007:2002)226,200
Payroll (#jobs*wg rate/1000)7531,5062,2593,0133,7665,5737,3819,18810,99612,80413,25513,70714,15914,61115,063
Sales (#jobs*prod/1000)8,05816,11724,17532,23440,29259,63278,97298,312117,652136,992141,827146,662151,497156,332161,168
Jobs (NAICS 7221 above)3671107143178264349435520606627648670691713
Graphics
Hard Construction Costs $ Million
Annually: 2010 - 2024 $ MillionTotalTotal Construction Jobs (Direct + Secondary)
Office Core$47$700$0Number of Years15
Office Campus$30$450$0Average Jobs Annually3,358
Corporate Office$25$3750.000375Total Job-Years50,368
Cmcl-Retail$13$1980
Cmcl-Restaurant$6$890
All Residential$65$9800.00098
Total$186$2.8
Billion
May Town Center
Broad Summary Impacts $ 2007
$ million
Total Employment @ 202695,234
Total Wages paid @ 2026$6,330
Davidson Cumulative Govt. Revenues$895
Regional Output Inc @ 2026$15,720
Economic Migrants by 2026 #82,200
Graphics
0.12500
0.250.12793333330.021375
0.3750.25586666670.04275
0.50.38380.064125
0.6250.51173333330.0855
0.750.63966666670.106875
0.8750.76760.158175
10.89553333330.209475
1.1251.02346666670.260775
1.251.15140.312075
1.3751.27933333330.363375
1.51.40726666670.3762
1.6251.53520.389025
1.751.66313333330.40185
1.8751.79106666670.414675
1.8751.9190.4275
Residential
Office
Commercial
Aggregate Market Value$ Billion
Chart Drivers
333.3333333333
666.6666666667
1000
1333.3333333333
1666.6666666667
2000
2333.3333333333
2666.6666666667
3000
3333.3333333333
3666.6666666667
4000
4333.3333333333
4666.6666666667
5000
5000
Occupancy by Families
Residential Build out - Units
Sheet4
519.384
10218.768
15328.152
20437.536
25546.92
30656.304
35765.688
40875.072
45984.456
51093.84
561103.224
612112.608
663121.992
714131.376
765140.76
765140.76
Total Income
Retail Spending
Residential Income & Spending$1,000,000
126.66666666671013.3333333333760380253.3333333333
253.33333333332026.66666666671520760506.6666666667
380304022801140760
506.66666666674053.3333333333304015201013.3333333333
633.33333333335066.6666666667380019001266.6666666667
7606080456022801520
886.66666666677093.3333333333532026601773.3333333333
1013.33333333338106.6666666667608030402026.6666666667
11409120684034202280
1266.666666666710133.3333333333760038002533.3333333333
1393.333333333311146.6666666667836041802786.6666666667
152012160912045603040
1646.666666666713173.3333333333988049403293.3333333333
1773.333333333314186.66666666671064053203546.6666666667
1900152001140057003800
Management
Admin
Professional
Finance/Insurance
Real Estate
Direct Office Job Creation
142.535.625
28571.25
427.5106.875
570142.5
712.5178.125
1054.5263.625
1396.5349.125
1738.5434.625
2080.5520.125
2422.5605.625
2508627
2593.5648.375
2679669.75
2764.5691.125
2850712.5
Retail
Restaurant
Retail Sector Direct Job Creation
919.8489358.3941199.58932209.98996
917.40621357.27319198.95576209.27799
1007.53739430.4873240.17716231.43584
1081.4959497.51782278.06253249.94159
1155.82114564.62028316.02482268.50895
1230.50541631.77119354.0479287.13521
1305.54105698.94987392.11738305.818
1381.95527766.51294429.29799324.78696
1458.67521834.08644466.55732343.80275
1535.69479901.65636503.88208362.86381
1613.00768969.231541.2753381.96968
1690.608591036.79975578.72636401.11923
1767.249571103.90965617.30454420.0342
1844.200331171.02157655.8917438.999
1921.455631238.12932694.48215458.01289
1279.963141025.59569576.8006314.11671
MSA excl Davidson-Dickson-Sumner
Davidson
Rest of TN
Dickson & Sumner
Construction Job Impacts
0.01821349460.02018852090.00825832270.0039533989
0.01908271530.02127197720.0086285930.0041294543
0.10838461190.04756005670.01731365490.0070448994
0.20026841940.07375846330.02598484080.0098978041
0.29556346030.10093175190.03500315530.0128578715
0.39432273560.1290791890.04436609190.0159248144
0.49659055970.1581971730.05407016530.0190980528
0.60381910040.188388240.06352789030.0223592309
0.71453945470.21955071920.07332703790.0257267116
0.8287687060.25167386530.08346176170.029199155
0.9464323920.28475819170.09393400650.0327766664
1.06753061210.31878914920.10473670520.0364575071
1.1901214430.35361804450.11661668570.0402631371
1.31603625940.38936928610.1288176790.0441693097
1.44525462040.42602313510.1413310320.0481737534
1.55793911130.44127779420.14521388830.0479829757
1.6936014790.47969021110.158337250.0521789376
Davidson
MSA excl Davidson-Dickson-Sumner
Rest of TN
Dickson & Sumner
Regional Investment Demand Growth: Non-Residential $ Billion
2.3496070233.03372164371.54891367820.8266693908
2.34743894253.03339978161.5435369310.8266119655
9.20792614947.89655064373.19199836782.0299353103
16.33446695412.95499694254.91369680463.2798515172
23.72633990818.21200160926.70539260924.5772866207
31.380956229923.66594880468.56657249435.9218058621
39.295198275929.314787206910.49654874717.3128793793
47.520123620735.157354287312.38852054028.7512682759
56.002461494241.193248195414.349052494210.2358328621
64.737679988547.419263781616.377027942511.7657856207
73.725121632253.834662183918.472377011513.3409857126
82.959536758660.435631712620.633736563214.9605123218
92.366147816167.216643701122.995671413816.6217151264
102.010924344874.176352057525.421110770118.3256418851
111.887728459781.310197068927.908402678220.0712080115
119.656594850585.624985068928.941886620721.044213023
129.983980390893.099238402331.550796735622.8714531494
Davidson
MSA excl Davidson-Dickson-Sumner
Rest of TN
Dickson & Sumner
Regional Investment Demand Growth: Residential $ 1,000,000
1224.665821395.32394630.41643316.95157
1215.996481388.0806624.21077315.11037
5439.229672556.592531150.46763533.98144
9666.466923716.390451675.41442750.29437
13911.980644887.108552205.0891968.43688
18172.355126067.994062739.105641188.26426
22448.232077258.308493277.082741409.63746
26863.192078419.016633742.712931625.10119
31294.65199589.741724214.719491842.22811
35744.0848110769.670614692.57222060.87072
40206.7127411958.384145176.125032280.94697
44684.101713155.100315664.863542502.31839
48997.3238914403.791626247.899412733.38316
53272.0707915657.590986832.481232965.20166
57642.3898816915.895857418.316943197.67451
60995.7908117079.282687512.565633182.74576
65344.2449718361.874718107.891673420.15306
Davidson
MSA excl Davidson-Dickson-Sumner
Rest of TN
Dickson & Sumner
Regional Job Creation Direct plus Secondary
0.14801258670.14839024490.06653987220.0306540259
0.14869441440.15011883830.06657520110.0307040296
0.71725807220.33285991380.13013601630.0505432356
1.30474072040.52084988090.19630547680.0710951482
1.91245305990.71585752460.26516745040.0924203955
2.54041767440.9178836390.33670664380.1145170745
3.18857317921.12690933940.41090061950.137381219
3.87366793111.34218682310.48198591050.1606805775
4.57926807441.56446135580.55572229490.1847473923
5.30512724561.79366321580.63206930640.209572172
6.05157346782.02977952050.7110315840.2351553823
6.81826849022.27271305770.7925588760.2614846486
7.58376788912.52329146530.88398915740.2889711915
8.36929918842.7805029030.97790586020.3171834477
9.17437997463.04421361731.07424676890.3461052613
9.84999587863.16293959511.10673432170.3450269937
10.69331529063.43932294441.20780977570.3753326167
Davidson
MSA excl Davidson-Dickson-Sumner
Rest of TN
Dickson & Sumner
Regional Total Output Effects $ Billion
0.04498810570.05808690030.02965716890.0158283021
0.04544992420.05873115090.02988518080.0160044426
0.18021458360.15454876190.06247277050.0397292443
0.31969296010.25355105460.09616930170.0641922046
0.46436433220.35643946750.13123579820.0895851892
0.61417803250.46318237640.16766221540.1158996891
0.76907304560.57373963380.20543509280.1431253349
0.93004865150.68808848670.24246415950.1712770219
1.09606225340.806221070.28083506290.2003324448
1.26702515560.9280746560.32052594990.2302761912
1.44292448741.05363478030.36153545140.2611055031
1.62365750291.18282684190.40383688840.2928023594
1.80776068511.31554263920.45006392180.325314889
1.99652516471.45175582370.49753384460.3586635983
2.1898308141.59137715530.5462143260.3928272598
2.341880581.6758248050.56644134240.4118706027
2.54400486581.82210849960.61750209670.4476327618
Davidson
MSA excl Davidson-Dickson-Sumner
Rest of TN
Dickson & Sumner
Demand Growth - Personal Consumption $ Billion
2533.3333333333178.125
5066.6666666667356.25
7600534.375
10133.3333333333712.5
12666.6666666667890.625
152001318.125
17733.33333333331745.625
20266.66666666672173.125
228002600.625
25333.33333333333028.125
27866.66666666673135
304003241.875
32933.33333333333348.75
35466.66666666673455.625
380003562.5
Office Jobs:
Retail Jobs:
May Town Center: Total Direct Employment
$ 1000000 all numbers
Aggregated Market Value20102011201220132014201520162017201820192020202120222023202420252026
Office0.000.000.130.260.380.510.640.770.901.021.151.281.411.541.661.791.92
Commercial0.000.000.020.040.060.090.110.160.210.260.310.360.380.390.400.410.43
Total Office+Commercial0.000.000.150.300.450.600.750.931.111.281.461.641.781.922.062.212.35
Residential0.000.130.250.380.500.630.750.881.001.131.251.381.501.631.751.881.88
Total$0.00$0.13$0.40$0.67$0.95$1.22$1.50$1.80$2.11$2.41$2.71$3.02$3.28$3.55$3.81$4.08$4.22
Residentials
Total Income:$51$102$153$204$255$306$357$408$459$510$561$612$663$714$765$765
Retail Buying:$9$19$28$38$47$56$66$75$84$94$103$113$122$131$141$141
DIRECT
Tax & Other Revenues DavidsonTotal
Constr Mtls Sales Tax$2.51$2.51$2.51$2.51$2.51$2.51$2.51$2.51$2.51$2.51$2.51$2.51$2.51$2.51$2.51$0.00$0.00$37.69
Other Fee Rev (Family)$0.00$0.25$0.50$0.76$1.01$1.26$1.51$1.77$2.02$2.27$2.52$2.78$3.03$3.28$3.53$3.79$3.79$34.07
Local Sales Tx (Family)$0.00$0.21$0.42$0.63$0.84$1.06$1.27$1.48$1.69$1.90$2.11$2.32$2.53$2.74$2.96$3.17$3.17$28.50
Offc & Cmcl Property$0.00$0.00$2.41$4.83$7.24$9.65$12.06$14.96$17.86$20.75$23.65$26.55$28.82$31.10$33.37$35.64$37.92$306.81
Residential Property$0.00$1.26$2.53$3.79$5.05$6.31$7.58$8.84$10.10$11.36$12.63$13.89$15.15$16.41$17.68$18.94$18.94$170.44
Total$2.51$4.24$8.38$12.52$16.65$20.79$24.93$29.55$34.18$38.80$43.42$48.04$52.04$56.05$60.05$61.53$63.81$577.50
Total Property$0.00$1.26$4.94$8.61$12.29$15.96$19.64$23.80$27.96$32.12$36.27$40.43$43.97$47.51$51.05$54.58$56.86$477.25
Total Sales$2.51$2.98$3.44$3.90$4.37$4.83$5.29$5.76$6.22$6.68$7.15$7.61$8.07$8.54$9.00$6.95$6.95$100.25
Total Property plus Sales and Use Government Revenues $ Million
201220182024Total
Constr Mtls Sales Tax$2.5$2.5$0.0$38
Other Fee Rev (Family)$0.5$2.0$3.8$34
Local Sales Tx (Family)$0.4$1.7$3.2$29125000000000
Offc & Cmcl Property$2.4$17.9$37.9$307
Residential Property$2.5$10.1$18.9$170
Total Direct$8.4$34.2$63.8$578
Total w/Multiplier$8.4$50.2$99.5$897
Tax & Other Revenues Total Davidson2012201820242026
Property Tax1.471.495.8910.4415.1520.0125.0330.2335.5841.0846.7352.5258.4164.4470.6075.4281.850.00636.36
General sales tax0.500.501.993.535.126.768.4610.2112.0213.8815.7917.7519.7421.7723.8525.4827.650.00
Selective sales taxes0.110.110.420.751.091.441.802.172.552.953.363.774.194.635.075.425.880.00
Motor Veh License0.040.050.180.320.460.610.760.921.091.251.431.601.781.972.162.302.500.00
Airport Fees0.080.080.330.580.841.111.381.671.972.272.582.903.233.563.904.174.520.00
Total Sales tax$0.60$0.61$2.41$4.28$6.21$8.20$10.25$12.38$14.58$16.83$19.14$21.52$23.93$26.40$28.92$30.90$33.53260.70
115.38897.06
Construction Employment Impacts
Region NameNAICSIndustry NameRegion Name20102011201220132014201520162017201820192020202120222023202420252026
MSA excl Davidson-Dickson-Sumner23ConstructionMSA excl Davidson-Dickson-Sumner9209171,0081,0811,1561,2311,3061,3821,4591,5361,6131,6911,7671,8441,9211,2801,369
Davidson23ConstructionDavidson3583574304985656326997678349029691,0371,1041,1711,2381,0261,097
Rest of TN23ConstructionRest of TN200199240278316354392429467504541579617656694577618Total Investment Demand
Dickson & Sumner23ConstructionDickson & Sumner210209231250269287306325344363382401420439458314336Total
Total Demand Growth - Construction $ MillionNon-Res$1,000,000
Demand caused by Non-residential InvestmentDavidson$0.02$0.02$0.11$0.20$0.30$0.39$0.50$0.60$0.71$0.83$0.95$1.07$1.19$1.32$1.45$1.56$1.69Davidson$13
Demand caused by Non-residential InvestmentMSA excl Davidson-Dickson-Sumner$0.02$0.02$0.05$0.07$0.10$0.13$0.16$0.19$0.22$0.25$0.28$0.32$0.35$0.39$0.43$0.44$0.48MSA excl Davidson-Dickson-Sumner$4
Demand caused by Non-residential InvestmentRest of TN$0.01$0.01$0.02$0.03$0.04$0.04$0.05$0.06$0.07$0.08$0.09$0.10$0.12$0.13$0.14$0.15$0.16Rest of TN$1
Demand caused by Non-residential InvestmentDickson & Sumner$0.00$0.00$0.01$0.01$0.01$0.02$0.02$0.02$0.03$0.03$0.03$0.04$0.04$0.04$0.05$0.05$0.05$2Dickson & Sumner$0
$0$0$0$0$0$1$1$1$1$1$1$2$2$2$2$2.19$2$19
Total Demand Growth $ MillionResidential
Demand caused by Residential InvestmentDavidson$2.3$2.3$9.2$16.3$23.7$31.4$39.3$47.5$56.0$64.7$73.7$83.0$92.4$102.0$111.9$119.7$130.0Davidson$1,005
Demand caused by Residential InvestmentMSA excl Davidson-Dickson-Sumner$3.0$3.0$7.9$13.0$18.2$23.7$29.3$35.2$41.2$47.4$53.8$60.4$67.2$74.2$81.3$85.6$93.1MSA excl Davidson-Dickson-Sumner$738
Demand caused by Residential InvestmentRest of TN$1.5$1.5$3.2$4.9$6.7$8.6$10.5$12.4$14.3$16.4$18.5$20.6$23.0$25.4$27.9$28.9$31.6Rest of TN$256
Demand caused by Residential InvestmentDickson & Sumner$0.8$0.8$2.0$3.3$4.6$5.9$7.3$8.8$10.2$11.8$13.3$15.0$16.6$18.3$20.1$21.0$22.9$278Dickson & Sumner$183
$8$8$22$37$53$70$86$104$122$140$159$179$199$220$241$255$278$2,182
Total Job Growth
Davidson1,2251,2165,4399,66613,91218,17222,44826,86331,29535,74440,20744,68448,99753,27257,64260,99665,344
MSA excl Davidson-Dickson-Sumner1,3951,3882,5573,7164,8876,0687,2588,4199,59010,77011,95813,15514,40415,65816,91617,07918,362
Rest of TN6306241,1501,6752,2052,7393,2773,7434,2154,6935,1765,6656,2486,8327,4187,5138,108
Dickson & Sumner3173155347509681,1881,4101,6251,8422,0612,2812,5022,7332,9653,1983,1833,420
total3,5673,5439,68015,80921,97328,16834,39340,65046,94153,26759,62266,00672,38278,72785,17488,77095,234
Total Sales Growth $Billion
Davidson$0.15$0.15$0.72$1.30$1.91$2.54$3.19$3.87$4.58$5.31$6.05$6.82$7.58$8.37$9.17$9.85$10.69$82
MSA excl Davidson-Dickson-Sumner$0.15$0.15$0.33$0.52$0.72$0.92$1.13$1.34$1.56$1.79$2.03$2.27$2.52$2.78$3.04$3.16$3.44$28
Rest of TN$0.07$0.07$0.13$0.20$0.27$0.34$0.41$0.48$0.56$0.63$0.71$0.79$0.88$0.98$1.07$1.11$1.21$10
Dickson & Sumner$0.03$0.03$0.05$0.07$0.09$0.11$0.14$0.16$0.18$0.21$0.24$0.26$0.29$0.32$0.35$0.35$0.38$3
$0.39$0.40$1.23$2.09$2.99$3.91$4.86$5.86$6.88$7.94$9.03$10.15$11.28$12.44$13.64$14.46$15.716$123
Demand caused by Personal Consumption $1000000
Davidson$0.04$0.05$0.18$0.32$0.46$0.61$0.77$0.93$1.10$1.27$1.44$1.62$1.81$2.00$2.19$2.34$2.54
MSA excl Davidson-Dickson-Sumner$0.06$0.06$0.15$0.25$0.36$0.46$0.57$0.69$0.81$0.93$1.05$1.18$1.32$1.45$1.59$1.68$1.82
Rest of TN$0.03$0.03$0.06$0.10$0.13$0.17$0.21$0.24$0.28$0.32$0.36$0.40$0.45$0.50$0.55$0.57$0.62
Dickson & Sumner$0.02$0.02$0.04$0.06$0.09$0.12$0.14$0.17$0.20$0.23$0.26$0.29$0.33$0.36$0.39$0.41$0.45
Total0.150.150.440.731.041.361.692.032.382.753.123.503.904.304.725.005.43
Disposable IncomeDavidson$51,376,98051,921,004205,936,033364,886,824529,366,989699,292,984874,574,4161,056,329,8481,243,360,0971,435,556,4251,632,899,9931,835,273,7922,041,028,1002,251,630,0582,466,952,9242,635,469,6512,860,026,278
Disposable IncomeMSA excl Davidson-Dickson-Sumner$66,335,96867,093,188176,607,011289,394,672406,334,584527,371,819652,445,184781,516,543914,567,6761,051,520,9811,192,356,3851,336,988,3121,485,295,8781,637,253,1171,792,765,2221,885,914,0182,048,454,490
Disposable IncomeRest of TN$33,868,85834,140,18071,389,309109,764,416149,606,450190,897,435233,616,660275,385,732318,575,984363,160,182409,135,226456,470,195508,138,670561,105,955615,337,505637,453,071694,209,452
Disposable IncomeDickson & Sumner$18,076,11918,283,12745,399,67273,266,830102,125,505131,961,476162,759,255194,532,867227,254,763260,906,000295,482,666330,964,194367,292,438404,491,640442,539,374463,504,622503,238,606
Total$169,657,925$171,437,500$499,332,025$837,312,742$1,187,433,527$1,549,523,714$1,923,395,515$2,307,764,990$2,703,758,520$3,111,143,589$3,529,874,269$3,959,696,493$4,401,755,086$4,854,480,771$5,317,595,024$5,622,341,362$6,105,928,826
1 Regional Economic Impacts Briefly Introduced
E&WE*Why do Regional Economic Impact Assessment?To understand the effects of changes in business activity on the regional economy and government revenues: e.g,
Slow down in Music Row Activity; Industry/plant relocation; Condo residential additions to Downtown; On-location movies Hanna Montana; Addition of May Town Center Commercial and Residential.
E&WE*What do you measure?Direct and Secondary Economic EffectsEconomic impacts are classified as direct, indirect and induced.Direct impacts are the primary change in the regional economy. Indirect impacts result from changes in sales of suppliers to the directly-affected businesses. Induced impacts result from changes in spending on consumer goods and services as a result of changes in employment and payroll of directly and indirectly affected businesses.
Impacts can be referred to as direct and secondary effects.
Total Impacts are the sum of direct plus secondary effects.
E&WE*Example: New Money spent on RecreationLeakage
TVA Regional Boundary
New round of spending
---------------------------------------------------------------------------------------------------------------------
SECONDARY EFFECTS
Increase in local output/income
Local Businesses (Money stays in the regional economy)
Non-Local Businesses (Money leaves the regional economy)
EMBED MS_ClipArt_Gallery
DIRECT EFFECTS
--------------------------------------------------------------------------------------------------------------------------
$
Increase in output/income of local businesses
EMBED MS_ClipArt_Gallery
Additional spending on recreation
------------------------------------------------------------------------------------------------------------------------
E&WE*Economic Impact Analysis of May Town CenterConstructionResidential Commercial Office DevelopmentREDYN Economic ModelInputs Direct EffectsOutputsTotal Effects as measured by:In other words, Economic Development of Davidson and Metro MSAComputer Simulation to determine secondary effects
E&WE*Measurement of Economic ImpactsMeasure changes in policy variable associated with two forecasts the difference is the impact.Employment2010201120162012201320142015New ForecastControl ForecastEconomic Effect of Driver[s]. . . . . 2026
2. Overview of May Town Center Project
E&WE*May Town Center Drivers: Overview of Project
Offices10.0 MSFCommercial1.5 MSFResidential7.0 MSF 5,000 unitsBuild out 2010 2024Absorption 2011 - 2026
E&WE*May Town Center:Aggregate Market Value by Property Type
Chart1
0.12500
0.250.12793333330.021375
0.3750.25586666670.04275
0.50.38380.064125
0.6250.51173333330.0855
0.750.63966666670.106875
0.8750.76760.158175
10.89553333330.209475
1.1251.02346666670.260775
1.251.15140.312075
1.3751.27933333330.363375
1.51.40726666670.3762
1.6251.53520.389025
1.751.66313333330.40185
1.8751.79106666670.414675
1.8751.9190.4275
Residential
Office
Commercial
Aggregate Market Value$ Billion
Morf Inputs
Bell's Landing Project AnalysisFeb 1 2008
Universal Occupancy Rate
OfficeSquare FeetPrice/SFBuild-out YrsBld ScheduleAbsorptionRate/Yr(Office & Commercial)
Office Core4,000,000220152010-20242012-20260.06666666670.95
Office Campus3,000,000200152010-20242012-20260.0666666667
Corporate Office3,000,000180152010-20242012-20260.0666666667
CommercialSquare FeetPrice/SFBuild-out YrsBld ScheduleAbsorption 1Rate1/YrAbsorption 2Rate2/YrAbsorption 3Rate3/Yr
Retail (cmcl*80%)1,200,000300152010-20242012-20160.052017-20210.122022-20260.03
Restaurant (cmcl*20%)300,000300152010-20242012-20160.052017-20210.122022-20260.03
ResidentialSquare FeetAvg Pr/SFUnitsAvg SF/UnitAvg Pr/UnitBuild-out YrsBld ScheduleAbsorptionRate/Yr
Urban Core3,360,0002682,4001,400375,000152010-20242011-20250.0666666667
Other3,640,0002682,6001,400375,000152010-20242011-20250.0666666667
All Residential7,000,0002685,0001,400375,000152010-20242011-20250.0666666667
Hard ConstructionCost/SF20102011201220132014201520162017201820192020202120222023202420252026
Office Core175$46,666,667$46,666,667$46,666,667$46,666,667$46,666,667$46,666,667$46,666,667$46,666,667$46,666,667$46,666,667$46,666,667$46,666,667$46,666,667$46,666,667$46,666,667
Office Campus150$30,000,000$30,000,000$30,000,000$30,000,000$30,000,000$30,000,000$30,000,000$30,000,000$30,000,000$30,000,000$30,000,000$30,000,000$30,000,000$30,000,000$30,000,000
Corporate Office125$25,000,000$25,000,000$25,000,000$25,000,000$25,000,000$25,000,000$25,000,000$25,000,000$25,000,000$25,000,000$25,000,000$25,000,000$25,000,000$25,000,000$25,000,000
Cmcl-Retail165$13,200,000$13,200,000$13,200,000$13,200,000$13,200,000$13,200,000$13,200,000$13,200,000$13,200,000$13,200,000$13,200,000$13,200,000$13,200,000$13,200,000$13,200,000
Cmcl-Restaurant295$5,900,000$5,900,000$5,900,000$5,900,000$5,900,000$5,900,000$5,900,000$5,900,000$5,900,000$5,900,000$5,900,000$5,900,000$5,900,000$5,900,000$5,900,000
All Residential140$65,333,333$65,333,333$65,333,333$65,333,333$65,333,333$65,333,333$65,333,333$65,333,333$65,333,333$65,333,333$65,333,333$65,333,333$65,333,333$65,333,333$65,333,333
Total Hard Construction:$186,100,000$186,100,000$186,100,000$186,100,000$186,100,000$186,100,000$186,100,000$186,100,000$186,100,000$186,100,000$186,100,000$186,100,000$186,100,000$186,100,000$186,100,000
Absorption/Year20102011201220132014201520162017201820192020202120222023202420252026
Office Core (.95 occupancy)$55,733,333$55,733,333$55,733,333$55,733,333$55,733,333$55,733,333$55,733,333$55,733,333$55,733,333$55,733,333$55,733,333$55,733,333$55,733,333$55,733,333$55,733,333
Office Campus (.95 occupancy)$38,000,000$38,000,000$38,000,000$38,000,000$38,000,000$38,000,000$38,000,000$38,000,000$38,000,000$38,000,000$38,000,000$38,000,000$38,000,000$38,000,000$38,000,000
Corporate Office (.95 occupancy)$34,200,000$34,200,000$34,200,000$34,200,000$34,200,000$34,200,000$34,200,000$34,200,000$34,200,000$34,200,000$34,200,000$34,200,000$34,200,000$34,200,000$34,200,000
Cmcl-Retail (.95 occupancy)$17,100,000$17,100,000$17,100,000$17,100,000$17,100,000$41,040,000$41,040,000$41,040,000$41,040,000$41,040,000$10,260,000$10,260,000$10,260,000$10,260,000$10,260,000
Cmcl-Restaurant (.95 occupancy)$4,275,000$4,275,000$4,275,000$4,275,000$4,275,000$10,260,000$10,260,000$10,260,000$10,260,000$10,260,000$2,565,000$2,565,000$2,565,000$2,565,000$2,565,000
All Residential$125,000,000$125,000,000$125,000,000$125,000,000$125,000,000$125,000,000$125,000,000$125,000,000$125,000,000$125,000,000$125,000,000$125,000,000$125,000,000$125,000,000$125,000,000
Cumulative Absorption (Mkt Value)20102011201220132014201520162017201820192020202120222023202420252026
Office Core (.95 occupancy)$55,733,333$111,466,667$167,200,000$222,933,333$278,666,667$334,400,000$390,133,333$445,866,667$501,600,000$557,333,333$613,066,667$668,800,000$724,533,333$780,266,667$836,000,000
Office Campus (.95 occupancy)$38,000,000$76,000,000$114,000,000$152,000,000$190,000,000$228,000,000$266,000,000$304,000,000$342,000,000$380,000,000$418,000,000$456,000,000$494,000,000$532,000,000$570,000,000
Corporate Office (.95 occupancy)$34,200,000$68,400,000$102,600,000$136,800,000$171,000,000$205,200,000$239,400,000$273,600,000$307,800,000$342,000,000$376,200,000$410,400,000$444,600,000$478,800,000$513,000,000
Cmcl-Retail (.95 occupancy)$17,100,000$34,200,000$51,300,000$68,400,000$85,500,000$126,540,000$167,580,000$208,620,000$249,660,000$290,700,000$300,960,000$311,220,000$321,480,000$331,740,000$342,000,000
Cmcl-Restaurant (.95 occupancy)$4,275,000$8,550,000$12,825,000$17,100,000$21,375,000$31,635,000$41,895,000$52,155,000$62,415,000$72,675,000$75,240,000$77,805,000$80,370,000$82,935,000$85,500,000
All Residential$125,000,000$250,000,000$375,000,000$500,000,000$625,000,000$750,000,000$875,000,000$1,000,000,000$1,125,000,000$1,250,000,000$1,375,000,000$1,500,000,000$1,625,000,000$1,750,000,000$1,875,000,000$1,875,000,000
Aggregated Market Value20102011201220132014201520162017201820192020202120222023202420252026
Office$127,933,333$255,866,667$383,800,000$511,733,333$639,666,667$767,600,000$895,533,333$1,023,466,667$1,151,400,000$1,279,333,333$1,407,266,667$1,535,200,000$1,663,133,333$1,791,066,667$1,919,000,000
Commercial$21,375,000$42,750,000$64,125,000$85,500,000$106,875,000$158,175,000$209,475,000$260,775,000$312,075,000$363,375,000$376,200,000$389,025,000$401,850,000$414,675,000$427,500,000
Total Office+Commercial$149,308,333$298,616,667$447,925,000$597,233,333$746,541,667$925,775,000$1,105,008,333$1,284,241,667$1,463,475,000$1,642,708,333$1,783,466,667$1,924,225,000$2,064,983,333$2,205,741,667$2,346,500,000
Residential$125,000,000$250,000,000$375,000,000$500,000,000$625,000,000$750,000,000$875,000,000$1,000,000,000$1,125,000,000$1,250,000,000$1,375,000,000$1,500,000,000$1,625,000,000$1,750,000,000$1,875,000,000$1,875,000,000
Grand Total Value$125,000,000$399,308,333$673,616,667$947,925,000$1,222,233,333$1,496,541,667$1,800,775,000$2,105,008,333$2,409,241,667$2,713,475,000$3,017,708,333$3,283,466,667$3,549,225,000$3,814,983,333$4,080,741,667$4,221,500,000
Cumulative Office & Cmcl SF/Year20102011201220132014201520162017201820192020202120222023202420252026
Office Core (.95 occupancy)253,333506,667760,0001,013,3331,266,6671,520,0001,773,3332,026,6672,280,0002,533,3332,786,6673,040,0003,293,3333,546,6673,800,000
Office Campus (.95 occupancy)190,000380,000570,000760,000950,0001,140,0001,330,0001,520,0001,710,0001,900,0002,090,0002,280,0002,470,0002,660,0002,850,000
Corporate Office (.95 occupancy)190,000380,000570,000760,000950,0001,140,0001,330,0001,520,0001,710,0001,900,0002,090,0002,280,0002,470,0002,660,0002,850,000
TOTAL CUMULATIVE OCCUPIED OFFICE SF/YR633,3331,266,6671,900,0002,533,3333,166,6673,800,0004,433,3335,066,6675,700,0006,333,3336,966,6677,600,0008,233,3338,866,6679,500,000
Cmcl-Retail (.95 occupancy)57,000114,000171,000228,000285,000421,800558,600695,400832,200969,0001,003,2001,037,4001,071,6001,105,8001,140,000
Cmcl-Restaurant (.95 occupancy)14,25028,50042,75057,00071,250105,450139,650173,850208,050242,250250,800259,350267,900276,450285,000
Cumulative Families/Year20102011201220132014201520162017201820192020202120222023202420252026
Cumulative Number of Families (Units)3336671,0001,3331,6672,0002,3332,6673,0003,3333,6674,0004,3334,6675,0005,000
Wtd Avg Income/Family:$153,000Total Income:$51,000,000$102,000,000$153,000,000$204,000,000$255,000,000$306,000,000$357,000,000$408,000,000$459,000,000$510,000,000$561,000,000$612,000,000$663,000,000$714,000,000$765,000,000$765,000,000
Retail Purchases Rate:0.184Retail Buying:$9,384,000$18,768,000$28,152,000$37,536,000$46,920,000$56,304,000$65,688,000$75,072,000$84,456,000$93,840,000$103,224,000$112,608,000$121,992,000$131,376,000$140,760,000$140,760,000
Tax & Rev ParametersMkt Val Assess FactorEff RatePer $ BasisTotal Factor$ Source
Ofc & Cmcl Property0.40$4.04$100.000.01616Assess Mkt
Residential Property0.25$4.04$100.000.0101Assess Mkt
Other Local Fee Revsna$757.00Per Household757Households
Local Option Sales1.00$0.0225$1.000.0225Gross Sales--incl constr mtls cost (hard cost*0.6)
Tax & Other Revenues20102011201220132014201520162017201820192020202120222023202420252026
Offc & Cmcl Property$2,412,823$4,825,645$7,238,468$9,651,291$12,064,113$14,960,524$17,856,935$20,753,345$23,649,756$26,546,167$28,820,821$31,095,476$33,370,131$35,644,785$37,919,440
Residential Property$1,262,500$2,525,000$3,787,500$5,050,000$6,312,500$7,575,000$8,837,500$10,100,000$11,362,500$12,625,000$13,887,500$15,150,000$16,412,500$17,675,000$18,937,500$18,937,500
Other Fee Rev (Family)$252,333$504,667$757,000$1,009,333$1,261,667$1,514,000$1,766,333$2,018,667$2,271,000$2,523,333$2,775,667$3,028,000$3,280,333$3,532,667$3,785,000$3,785,000
Local Sales Tx (Family)$211,140$422,280$633,420$844,560$1,055,700$1,266,840$1,477,980$1,689,120$1,900,260$2,111,400$2,322,540$2,533,680$2,744,820$2,955,960$3,167,100$3,167,100
Constr Mtls Sales Tax$2,512,350$2,512,350$2,512,350$2,512,350$2,512,350$2,512,350$2,512,350$2,512,350$2,512,350$2,512,350$2,512,350$2,512,350$2,512,350$2,512,350$2,512,350$0$0
Total Revenues$2,512,350$4,238,323$8,377,119$12,515,915$16,654,711$20,793,507$24,932,303$29,554,687$34,177,071$38,799,455$43,421,839$48,044,223$52,044,851$56,045,479$60,046,107$61,534,385$63,809,040
Direct Office & Commercial Employment201220132014201520162017201820192020202120222023202420252026
NAICS
See Breakout BelowSF/Office Job:250Office Jobs:2,5335,0677,60010,13312,66715,20017,73320,26722,80025,33327,86730,40032,93335,46738,000
44SF/Retail Job:400Retail Jobs:1432854285707131,0551,3971,7392,0812,4232,5082,5942,6792,7652,850
7221SF/Restaurant Job:400Restrnt Jobs:3671107143178264349435520606627648670691713
Industry Breakout for Direct Office Jobs201220132014201520162017201820192020202120222023202420252026
NAICSSectorProportionCompetitive
551Management of Companies0.05Yes1272533805076337608871,0131,1401,2671,3931,5201,6471,7731,900
561Administrative & Support0.40Yes1,0132,0273,0404,0535,0676,0807,0938,1079,12010,13311,14712,16013,17314,18715,200
541Professional, R&D, Tech0.30Partly Yes7601,5202,2803,0403,8004,5605,3206,0806,8407,6008,3609,1209,88010,64011,400
52Financial & Insurance0.15Less3807601,1401,5201,9002,2802,6603,0403,4203,8004,1804,5604,9405,3205,700
531Real Estate0.10Less2535077601,0131,2671,5201,7732,0272,2802,5332,7873,0403,2933,5473,800
Modeling Inputs20102011201220132014201520162017201820192020202120222023202420252026
Construction (by local final demand type; nat'l displacement because could invest anywhere; local productivity)
Office+Cmcl$120,766,667$120,766,667$120,766,667$120,766,667$120,766,667$120,766,667$120,766,667$120,766,667$120,766,667$120,766,667$120,766,667$120,766,667$120,766,667$120,766,667$120,766,667$0$0
Residential$65,333,333$65,333,333$65,333,333$65,333,333$65,333,333$65,333,333$65,333,333$65,333,333$65,333,333$65,333,333$65,333,333$65,333,333$65,333,333$65,333,333$65,333,333$0$0
BLS: 2007*0.87 = 2002
Office+Cmcl (/1000=input)105,067105,067105,067105,067105,067105,067105,067105,067105,067105,067105,067105,067105,067105,067105,06700
Residential (/1000=input)56,84056,84056,84056,84056,84056,84056,84056,84056,84056,84056,84056,84056,84056,84056,84000
Office Employment (new office jobs as nat'l displacement because could work anywhere; infer sales & payroll from #jobs; nat'l productivity)
ABOVE: SEE INDUSTRY BREAKOUT FOR #DIRECT NEW OFFICE JOBS BY NAICS SECTOR
Retail Commercial Employment (new retail jobs as local displacement, using direct high-productivity data for output [sales], jobs, & payroll)
Wage rate:24,300(2007:2002)21,141
Productivity:240,000(2007:2002)208,800
Payroll (#jobs*wg rate/1000)3,0136,0259,03812,05015,06322,29329,52336,75443,98451,21453,02254,82956,63758,44460,252
Sales (#jobs*prod*.25/1000)7,43914,87722,31629,75437,19355,04572,89790,750108,602126,455130,918135,381139,844144,307148,770
Jobs (from NAICS 44 above)1432854285707131,0551,3971,7392,0812,4232,5082,5942,6792,7652,850
Restaurant Commercial Employment (new restrnt jobs as local displacement, using direct high-productivity data for output [sales], jobs, & payroll)
Wage rate:24,300(2007:2002)21,141
Productivity:260,000(2007:2002)226,200
Payroll (#jobs*wg rate/1000)7531,5062,2593,0133,7665,5737,3819,18810,99612,80413,25513,70714,15914,61115,063
Sales (#jobs*prod/1000)8,05816,11724,17532,23440,29259,63278,97298,312117,652136,992141,827146,662151,497156,332161,168
Jobs (NAICS 7221 above)3671107143178264349435520606627648670691713
Graphics
Hard Construction Costs $ Million
Annually: 2010 - 2024Total
Office Core$47$700$0
Office Campus$30$450$0
Corporate Office$25$3750.000375
Cmcl-Retail$13$1980
Cmcl-Restaurant$6$890
All Residential$65$9800.00098
Total$186$2,792
Graphics
0.12500
0.250.12793333330.021375
0.3750.25586666670.04275
0.50.38380.064125
0.6250.51173333330.0855
0.750.63966666670.106875
0.8750.76760.158175
10.89553333330.209475
1.1251.02346666670.260775
1.251.15140.312075
1.3751.27933333330.363375
1.51.40726666670.3762
1.6251.53520.389025
1.751.66313333330.40185
1.8751.79106666670.414675
1.8751.9190.4275
Residential
Office
Commercial
Aggregate Market Value$ Billion
Chart Drivers
333.3333333333
666.6666666667
1000
1333.3333333333
1666.6666666667
2000
2333.3333333333
2666.6666666667
3000
3333.3333333333
3666.6666666667
4000
4333.3333333333
4666.6666666667
5000
5000
Occupancy by Families
Residential Build out - Units
Sheet4
519.384
10218.768
15328.152
20437.536
25546.92
30656.304
35765.688
40875.072
45984.456
51093.84
561103.224
612112.608
663121.992
714131.376
765140.76
765140.76
Total Income
Retail Spending
Residential Income & Spending$1,000,000
126.66666666671013.3333333333760380253.3333333333
253.33333333332026.66666666671520760506.6666666667
380304022801140760
506.66666666674053.3333333333304015201013.3333333333
633.33333333335066.6666666667380019001266.6666666667
7606080456022801520
886.66666666677093.3333333333532026601773.3333333333
1013.33333333338106.6666666667608030402026.6666666667
11409120684034202280
1266.666666666710133.3333333333760038002533.3333333333
1393.333333333311146.6666666667836041802786.6666666667
152012160912045603040
1646.666666666713173.3333333333988049403293.3333333333
1773.333333333314186.66666666671064053203546.6666666667
1900152001140057003800
Management
Admin
Professional
Finance/Insurance
Real Estate
Direct Office Job Creation
142.535.625
28571.25
427.5106.875
570142.5
712.5178.125
1054.5263.625
1396.5349.125
1738.5434.625
2080.5520.125
2422.5605.625
2508627
2593.5648.375
2679669.75
2764.5691.125
2850712.5
Retail
Restaurant
Retail Sector Direct Job Creation
919.8489358.3941199.58932209.98996
917.40621357.27319198.95576209.27799
1007.53739430.4873240.17716231.43584
1081.4959497.51782278.06253249.94159
1155.82114564.62028316.02482268.50895
1230.50541631.77119354.0479287.13521
1305.54105698.94987392.11738305.818
1381.95527766.51294429.29799324.78696
1458.67521834.08644466.55732343.80275
1535.69479901.65636503.88208362.86381
1613.00768969.231541.2753381.96968
1690.608591036.79975578.72636401.11923
1767.249571103.90965617.30454420.0342
1844.200331171.02157655.8917438.999
1921.455631238.12932694.48215458.01289
1279.963141025.59569576.8006314.11671
MSA excl Davidson-Dickson-Sumner
Davidson
Rest of TN
Dickson & Sumner
Construction Job Impacts
0.01821349460.02018852090.00825832270.0039533989
0.01908271530.02127197720.0086285930.0041294543
0.10838461190.04756005670.01731365490.0070448994
0.20026841940.07375846330.02598484080.0098978041
0.29556346030.10093175190.03500315530.0128578715
0.39432273560.1290791890.04436609190.0159248144
0.49659055970.1581971730.05407016530.0190980528
0.60381910040.188388240.06352789030.0223592309
0.71453945470.21955071920.07332703790.0257267116
0.8287687060.25167386530.08346176170.029199155
0.9464323920.28475819170.09393400650.0327766664
1.06753061210.31878914920.10473670520.0364575071
1.1901214430.35361804450.11661668570.0402631371
1.31603625940.38936928610.1288176790.0441693097
1.44525462040.42602313510.1413310320.0481737534
1.55793911130.44127779420.14521388830.0479829757
1.6936014790.47969021110.158337250.0521789376
Davidson
MSA excl Davidson-Dickson-Sumner
Rest of TN
Dickson & Sumner
Regional Investment Demand Growth: Non-Residential $ Billion
2.3496070233.03372164371.54891367820.8266693908
2.34743894253.03339978161.5435369310.8266119655
9.20792614947.89655064373.19199836782.0299353103
16.33446695412.95499694254.91369680463.2798515172
23.72633990818.21200160926.70539260924.5772866207
31.380956229923.66594880468.56657249435.9218058621
39.295198275929.314787206910.49654874717.3128793793
47.520123620735.157354287312.38852054028.7512682759
56.002461494241.193248195414.349052494210.2358328621
64.737679988547.419263781616.377027942511.7657856207
73.725121632253.834662183918.472377011513.3409857126
82.959536758660.435631712620.633736563214.9605123218
92.366147816167.216643701122.995671413816.6217151264
102.010924344874.176352057525.421110770118.3256418851
111.887728459781.310197068927.908402678220.0712080115
119.656594850585.624985068928.941886620721.044213023
129.983980390893.099238402331.550796735622.8714531494
Davidson
MSA excl Davidson-Dickson-Sumner
Rest of TN
Dickson & Sumner
Regional Investment Demand Growth: Residential $ 1,000,000
1224.665821395.32394630.41643316.95157
1215.996481388.0806624.21077315.11037
5439.229672556.592531150.46763533.98144
9666.466923716.390451675.41442750.29437
13911.980644887.108552205.0891968.43688
18172.355126067.994062739.105641188.26426
22448.232077258.308493277.082741409.63746
26863.192078419.016633742.712931625.10119
31294.65199589.741724214.719491842.22811
35744.0848110769.670614692.57222060.87072
40206.7127411958.384145176.125032280.94697
44684.101713155.100315664.863542502.31839
48997.3238914403.791626247.899412733.38316
53272.0707915657.590986832.481232965.20166
57642.3898816915.895857418.316943197.67451
60995.7908117079.282687512.565633182.74576
65344.2449718361.874718107.891673420.15306
Davidson
MSA excl Davidson-Dickson-Sumner
Rest of TN
Dickson & Sumner
Regional Job Creation Direct plus Secondary
0.14801258670.14839024490.06653987220.0306540259
0.14869441440.15011883830.06657520110.0307040296
0.71725807220.33285991380.13013601630.0505432356
1.30474072040.52084988090.19630547680.0710951482
1.91245305990.71585752460.26516745040.0924203955
2.54041767440.9178836390.33670664380.1145170745
3.18857317921.12690933940.41090061950.137381219
3.87366793111.34218682310.48198591050.1606805775
4.57926807441.56446135580.55572229490.1847473923
5.30512724561.79366321580.63206930640.209572172
6.05157346782.02977952050.7110315840.2351553823
6.81826849022.27271305770.7925588760.2614846486
7.58376788912.52329146530.88398915740.2889711915
8.36929918842.7805029030.97790586020.3171834477
9.17437997463.04421361731.07424676890.3461052613
9.84999587863.16293959511.10673432170.3450269937
10.69331529063.43932294441.20780977570.3753326167
Davidson
MSA excl Davidson-Dickson-Sumner
Rest of TN
Dickson & Sumner
Regional Total Output Effects $ Billion
44.988105678158.086900264429.657168919515.8283020575
45.449924195458.73115093129.885180816116.0044426437
180.2145835862154.548761942562.472770459839.7292443218
319.6929601263253.551054620696.169301689664.1922046207
464.3643322412356.4394675056131.235798229889.5851891724
614.1780324711463.1823764252167.6622154023115.8996890919
769.0730456435573.7396338044205.4350927816143.1253348965
930.048651517688.0884867239242.4641595287171.2770218735
1096.062253425806.2210700343280.835062908200.332444816
1267.0251556203928.0746560227320.5259498735230.2761911723
1442.92448741341053.6347803215361.5354514482261.1055031034
1623.65750289611182.8268419307403.8368883562292.8023594022
1807.76068510291315.542639172450.06392177325.3148890459
1996.52516467761451.7558236663497.5338445976358.6635982643
2189.83081399941591.3771552869546.2143259884392.8272597815
2341.88058001081675.824804965566.4413424251411.8706026895
2544.00486582691822.1084996087617.502096655447.63276177
Davidson
MSA excl Davidson-Dickson-Sumner
Rest of TN
Dickson & Sumner
Demand Growth - Personal Consumption $ 1,000,000
$ 1000000 all numbers
Aggregated Market Value20102011201220132014201520162017201820192020202120222023202420252026
Office0.000.000.130.260.380.510.640.770.901.021.151.281.411.541.661.791.92
Commercial0.000.000.020.040.060.090.110.160.210.260.310.360.380.390.400.410.43
Total Office+Commercial0.000.000.150.300.450.600.750.931.111.281.461.641.781.922.062.212.35
Residential0.000.130.250.380.500.630.750.881.001.131.251.381.501.631.751.881.88
Total$0.00$0.13$0.40$0.67$0.95$1.22$1.50$1.80$2.11$2.41$2.71$3.02$3.28$3.55$3.81$4.08$4.22
Residentials
Total Income:$51$102$153$204$255$306$357$408$459$510$561$612$663$714$765$765
Retail Buying:$9$19$28$38$47$56$66$75$84$94$103$113$122$131$141$141
DIRECT
Tax & Other Revenues DavidsonTotal
Constr Mtls Sales Tax$2.51$2.51$2.51$2.51$2.51$2.51$2.51$2.51$2.51$2.51$2.51$2.51$2.51$2.51$2.51$0.00$0.00$37.69
Other Fee Rev (Family)$0.00$0.25$0.50$0.76$1.01$1.26$1.51$1.77$2.02$2.27$2.52$2.78$3.03$3.28$3.53$3.79$3.79$34.07
Local Sales Tx (Family)$0.00$0.21$0.42$0.63$0.84$1.06$1.27$1.48$1.69$1.90$2.11$2.32$2.53$2.74$2.96$3.17$3.17$28.50
Offc & Cmcl Property$0.00$0.00$2.41$4.83$7.24$9.65$12.06$14.96$17.86$20.75$23.65$26.55$28.82$31.10$33.37$35.64$37.92$306.81
Residential Property$0.00$1.26$2.53$3.79$5.05$6.31$7.58$8.84$10.10$11.36$12.63$13.89$15.15$16.41$17.68$18.94$18.94$170.44
Total$2.51$4.24$8.38$12.52$16.65$20.79$24.93$29.55$34.18$38.80$43.42$48.04$52.04$56.05$60.05$61.53$63.81$577.50
Total Property$0.00$1.26$4.94$8.61$12.29$15.96$19.64$23.80$27.96$32.12$36.27$40.43$43.97$47.51$51.05$54.58$56.86$477.25
Total Sales$2.51$2.98$3.44$3.90$4.37$4.83$5.29$5.76$6.22$6.68$7.15$7.61$8.07$8.54$9.00$6.95$6.95$100.25
Total Property plus Sales and Use Government Revenues $ Million
201220182024Total
Constr Mtls Sales Tax$2.5$2.5$0.0$38
Other Fee Rev (Family)$0.5$2.0$3.8$34
Local Sales Tx (Family)$0.4$1.7$3.2$29125000000000
Offc & Cmcl Property$2.4$17.9$37.9$307
Residential Property$2.5$10.1$18.9$170
Total Direct$8.4$34.2$63.8$578
Total w/Multiplier$8.4$50.2$99.5$897
Tax & Other Revenues Total Davidson201220182024
Property Tax1.471.495.8910.4415.1520.0125.0330.2335.5841.0846.7352.5258.4164.4470.6075.4281.850.00636.36
General sales tax0.500.501.993.535.126.768.4610.2112.0213.8815.7917.7519.7421.7723.8525.4827.650.00
Selective sales taxes0.110.110.420.751.091.441.802.172.552.953.363.774.194.635.075.425.880.00
Motor Veh License0.040.050.180.320.460.610.760.921.091.251.431.601.781.972.162.302.500.00
Airport Fees0.080.080.330.580.841.111.381.671.972.272.582.903.233.563.904.174.520.00
Total Sales tax$0.60$0.61$2.41$4.28$6.21$8.20$10.25$12.38$14.58$16.83$19.14$21.52$23.93$26.40$28.92$30.90$33.53260.70
Construction Employment Impacts
Region NameNAICSIndustry NameRegion Name20102011201220132014201520162017201820192020202120222023202420252026
MSA excl Davidson-Dickson-Sumner23ConstructionMSA excl Davidson-Dickson-Sumner9209171,0081,0811,1561,2311,3061,3821,4591,5361,6131,6911,7671,8441,9211,2801,369
Davidson23ConstructionDavidson3583574304985656326997678349029691,0371,1041,1711,2381,0261,097
Rest of TN23ConstructionRest of TN200199240278316354392429467504541579617656694577618Total Investment Demand
Dickson & Sumner23ConstructionDickson & Sumner210209231250269287306325344363382401420439458314336Total
Total Demand Growth - Construction $ MillionNon-Res$1,000,000
Demand caused by Non-residential InvestmentDavidson$0.02$0.02$0.11$0.20$0.30$0.39$0.50$0.60$0.71$0.83$0.95$1.07$1.19$1.32$1.45$1.56$1.69Davidson$13
Demand caused by Non-residential InvestmentMSA excl Davidson-Dickson-Sumner$0.02$0.02$0.05$0.07$0.10$0.13$0.16$0.19$0.22$0.25$0.28$0.32$0.35$0.39$0.43$0.44$0.48MSA excl Davidson-Dickson-Sumner$4
Demand caused by Non-residential InvestmentRest of TN$0.01$0.01$0.02$0.03$0.04$0.04$0.05$0.06$0.07$0.08$0.09$0.10$0.12$0.13$0.14$0.15$0.16Rest of TN$1
Demand caused by Non-residential InvestmentDickson & Sumner$0.00$0.00$0.01$0.01$0.01$0.02$0.02$0.02$0.03$0.03$0.03$0.04$0.04$0.04$0.05$0.05$0.05$2Dickson & Sumner$0
$0$0$0$0$0$1$1$1$1$1$1$2$2$2$2$2$2$19
Total Demand Growth $ MillionResidential
Demand caused by Residential InvestmentDavidson$2.3$2.3$9.2$16.3$23.7$31.4$39.3$47.5$56.0$64.7$73.7$83.0$92.4$102.0$111.9$119.7$130.0Davidson$1,005
Demand caused by Residential InvestmentMSA excl Davidson-Dickson-Sumner$3.0$3.0$7.9$13.0$18.2$23.7$29.3$35.2$41.2$47.4$53.8$60.4$67.2$74.2$81.3$85.6$93.1MSA excl Davidson-Dickson-Sumner$738
Demand caused by Residential InvestmentRest of TN$1.5$1.5$3.2$4.9$6.7$8.6$10.5$12.4$14.3$16.4$18.5$20.6$23.0$25.4$27.9$28.9$31.6Rest of TN$256
Demand caused by Residential InvestmentDickson & Sumner$0.8$0.8$2.0$3.3$4.6$5.9$7.3$8.8$10.2$11.8$13.3$15.0$16.6$18.3$20.1$21.0$22.9$278Dickson & Sumner$183
$8$8$22$37$53$70$86$104$122$140$159$179$199$220$241$255$278$2,182
Total Job Growth
Davidson1,2251,2165,4399,66613,91218,17222,44826,86331,29535,74440,20744,68448,99753,27257,64260,99665,344
MSA excl Davidson-Dickson-Sumner1,3951,3882,5573,7164,8876,0687,2588,4199,59010,77011,95813,15514,40415,65816,91617,07918,362
Rest of TN6306241,1501,6752,2052,7393,2773,7434,2154,6935,1765,6656,2486,8327,4187,5138,108
Dickson & Sumner3173155347509681,1881,4101,6251,8422,0612,2812,5022,7332,9653,1983,1833,420
Total Sales Growth $Billion
Davidson$0.15$0.15$0.72$1.30$1.91$2.54$3.19$3.87$4.58$5.31$6.05$6.82$7.58$8.37$9.17$9.85$10.69$82
MSA excl Davidson-Dickson-Sumner$0.15$0.15$0.33$0.52$0.72$0.92$1.13$1.34$1.56$1.79$2.03$2.27$2.52$2.78$3.04$3.16$3.44$28
Rest of TN$0.07$0.07$0.13$0.20$0.27$0.34$0.41$0.48$0.56$0.63$0.71$0.79$0.88$0.98$1.07$1.11$1.21$10
Dickson & Sumner$0.03$0.03$0.05$0.07$0.09$0.11$0.14$0.16$0.18$0.21$0.24$0.26$0.29$0.32$0.35$0.35$0.38$3
$0$0$1$2$3$4$5$6$7$8$9$10$11$12$14$14$16$123
Demand caused by Personal Consumption $1000000
Davidson$45$45$180$320$464$614$769$930$1,096$1,267$1,443$1,624$1,808$1,997$2,190$2,342$2,544
MSA excl Davidson-Dickson-Sumner$58$59$155$254$356$463$574$688$806$928$1,054$1,183$1,316$1,452$1,591$1,676$1,822
Rest of TN$30$30$62$96$131$168$205$242$281$321$362$404$450$498$546$566$618
Dickson & Sumner$16$16$40$64$90$116$143$171$200$230$261$293$325$359$393$412$448
Total$149$150$437$734$1,042$1,361$1,691$2,032$2,383$2,746$3,119$3,503$3,899$4,304$4,720$4,996$5,431
E&WE*Regional Economic Effects Extend Beyond Metro NashvilleMay Town Center on the west side of Nashville will stimulate growth across the region.Economic Impacts are tracked in this analysis by specific counties to reveal the broad economic stimulus.DavidsonDickson & SumnerRest of Nashville MSA, excluding Davidson, Dickson & SumnerRest of Tennessee.REDYN Model results are produced annually thru 2026.Results are reported in constant $2007REDYN economic and demographic modeling system (REgional DYNamics) is a nonlinear, dynamic, forecasting and economic impact model. It provides advanced, impact, policy, and forecasting analysis for public and private plans, programs, and projects.
3. Construction
E&WE*May Town Center: Construction Direct CostsFirms will respond from the multi-county region to projects construction demand.
Morf Inputs
Bell's Landing Project AnalysisFeb 1 2008
Universal Occupancy Rate
OfficeSquare FeetPrice/SFBuild-out YrsBld ScheduleAbsorptionRate/Yr(Office & Commercial)
Office Core4,000,000220152010-20242012-20260.06666666670.95
Office Campus3,000,000200152010-20242012-20260.0666666667
Corporate Office3,000,000180152010-20242012-20260.0666666667
CommercialSquare FeetPrice/SFBuild-out YrsBld ScheduleAbsorption 1Rate1/YrAbsorption 2Rate2/YrAbsorption 3Rate3/Yr
Retail (cmcl*80%)1,200,000300152010-20242012-20160.052017-20210.122022-20260.03
Restaurant (cmcl*20%)300,000300152010-20242012-20160.052017-20210.122022-20260.03
ResidentialSquare FeetAvg Pr/SFUnitsAvg SF/UnitAvg Pr/UnitBuild-out YrsBld ScheduleAbsorptionRate/Yr
Urban Core3,360,0002682,4001,400375,000152010-20242011-20250.0666666667
Other3,640,0002682,6001,400375,000152010-20242011-20250.0666666667
All Residential7,000,0002685,0001,400375,000152010-20242011-20250.0666666667
Hard ConstructionCost/SF20102011201220132014201520162017201820192020202120222023202420252026
Office Core175$46,666,667$46,666,667$46,666,667$46,666,667$46,666,667$46,666,667$46,666,667$46,666,667$46,666,667$46,666,667$46,666,667$46,666,667$46,666,667$46,666,667$46,666,667
Office Campus150$30,000,000$30,000,000$30,000,000$30,000,000$30,000,000$30,000,000$30,000,000$30,000,000$30,000,000$30,000,000$30,000,000$30,000,000$30,000,000$30,000,000$30,000,000
Corporate Office125$25,000,000$25,000,000$25,000,000$25,000,000$25,000,000$25,000,000$25,000,000$25,000,000$25,000,000$25,000,000$25,000,000$25,000,000$25,000,000$25,000,000$25,000,000
Cmcl-Retail165$13,200,000$13,200,000$13,200,000$13,200,000$13,200,000$13,200,000$13,200,000$13,200,000$13,200,000$13,200,000$13,200,000$13,200,000$13,200,000$13,200,000$13,200,000
Cmcl-Restaurant295$5,900,000$5,900,000$5,900,000$5,900,000$5,900,000$5,900,000$5,900,000$5,900,000$5,900,000$5,900,000$5,900,000$5,900,000$5,900,000$5,900,000$5,900,000
All Residential140$65,333,333$65,333,333$65,333,333$65,333,333$65,333,333$65,333,333$65,333,333$65,333,333$65,333,333$65,333,333$65,333,333$65,333,333$65,333,333$65,333,333$65,333,333
Total Hard Construction:$186,100,000$186,100,000$186,100,000$186,100,000$186,100,000$186,100,000$186,100,000$186,100,000$186,100,000$186,100,000$186,100,000$186,100,000$186,100,000$186,100,000$186,100,000
Absorption/Year20102011201220132014201520162017201820192020202120222023202420252026
Office Core (.95 occupancy)$55,733,333$55,733,333$55,733,333$55,733,333$55,733,333$55,733,333$55,733,333$55,733,333$55,733,333$55,733,333$55,733,333$55,733,333$55,733,333$55,733,333$55,733,333
Office Campus (.95 occupancy)$38,000,000$38,000,000$38,000,000$38,000,000$38,000,000$38,000,000$38,000,000$38,000,000$38,000,000$38,000,000$38,000,000$38,000,000$38,000,000$38,000,000$38,000,000
Corporate Office (.95 occupancy)$34,200,000$34,200,000$34,200,000$34,200,000$34,200,000$34,200,000$34,200,000$34,200,000$34,200,000$34,200,000$34,200,000$34,200,000$34,200,000$34,200,000$34,200,000
Cmcl-Retail (.95 occupancy)$17,100,000$17,100,000$17,100,000$17,100,000$17,100,000$41,040,000$41,040,000$41,040,000$41,040,000$41,040,000$10,260,000$10,260,000$10,260,000$10,260,000$10,260,000
Cmcl-Restaurant (.95 occupancy)$4,275,000$4,275,000$4,275,000$4,275,000$4,275,000$10,260,000$10,260,000$10,260,000$10,260,000$10,260,000$2,565,000$2,565,000$2,565,000$2,565,000$2,565,000
All Residential$125,000,000$125,000,000$125,000,000$125,000,000$125,000,000$125,000,000$125,000,000$125,000,000$125,000,000$125,000,000$125,000,000$125,000,000$125,000,000$125,000,000$125,000,000
Cumulative Absorption (Mkt Value)20102011201220132014201520162017201820192020202120222023202420252026
Office Core (.95 occupancy)$55,733,333$111,466,667$167,200,000$222,933,333$278,666,667$334,400,000$390,133,333$445,866,667$501,600,000$557,333,333$613,066,667$668,800,000$724,533,333$780,266,667$836,000,000
Office Campus (.95 occupancy)$38,000,000$76,000,000$114,000,000$152,000,000$190,000,000$228,000,000$266,000,000$304,000,000$342,000,000$380,000,000$418,000,000$456,000,000$494,000,000$532,000,000$570,000,000
Corporate Office (.95 occupancy)$34,200,000$68,400,000$102,600,000$136,800,000$171,000,000$205,200,000$239,400,000$273,600,000$307,800,000$342,000,000$376,200,000$410,400,000$444,600,000$478,800,000$513,000,000
Cmcl-Retail (.95 occupancy)$17,100,000$34,200,000$51,300,000$68,400,000$85,500,000$126,540,000$167,580,000$208,620,000$249,660,000$290,700,000$300,960,000$311,220,000$321,480,000$331,740,000$342,000,000
Cmcl-Restaurant (.95 occupancy)$4,275,000$8,550,000$12,825,000$17,100,000$21,375,000$31,635,000$41,895,000$52,155,000$62,415,000$72,675,000$75,240,000$77,805,000$80,370,000$82,935,000$85,500,000
All Residential$125,000,000$250,000,000$375,000,000$500,000,000$625,000,000$750,000,000$875,000,000$1,000,000,000$1,125,000,000$1,250,000,000$1,375,000,000$1,500,000,000$1,625,000,000$1,750,000,000$1,875,000,000$1,875,000,000
Aggregated Market Value20102011201220132014201520162017201820192020202120222023202420252026
Office$127,933,333$255,866,667$383,800,000$511,733,333$639,666,667$767,600,000$895,533,333$1,023,466,667$1,151,400,000$1,279,333,333$1,407,266,667$1,535,200,000$1,663,133,333$1,791,066,667$1,919,000,000
Commercial$21,375,000$42,750,000$64,125,000$85,500,000$106,875,000$158,175,000$209,475,000$260,775,000$312,075,000$363,375,000$376,200,000$389,025,000$401,850,000$414,675,000$427,500,000
Total Office+Commercial$149,308,333$298,616,667$447,925,000$597,233,333$746,541,667$925,775,000$1,105,008,333$1,284,241,667$1,463,475,000$1,642,708,333$1,783,466,667$1,924,225,000$2,064,983,333$2,205,741,667$2,346,500,000
Residential$125,000,000$250,000,000$375,000,000$500,000,000$625,000,000$750,000,000$875,000,000$1,000,000,000$1,125,000,000$1,250,000,000$1,375,000,000$1,500,000,000$1,625,000,000$1,750,000,000$1,875,000,000$1,875,000,000
Grand Total Value$125,000,000$399,308,333$673,616,667$947,925,000$1,222,233,333$1,496,541,667$1,800,775,000$2,105,008,333$2,409,241,667$2,713,475,000$3,017,708,333$3,283,466,667$3,549,225,000$3,814,983,333$4,080,741,667$4,221,500,000
Cumulative Office & Cmcl SF/Year20102011201220132014201520162017201820192020202120222023202420252026
Office Core (.95 occupancy)253,333506,667760,0001,013,3331,266,6671,520,0001,773,3332,026,6672,280,0002,533,3332,786,6673,040,0003,293,3333,546,6673,800,000
Office Campus (.95 occupancy)190,000380,000570,000760,000950,0001,140,0001,330,0001,520,0001,710,0001,900,0002,090,0002,280,0002,470,0002,660,0002,850,000
Corporate Office (.95 occupancy)190,000380,000570,000760,000950,0001,140,0001,330,0001,520,0001,710,0001,900,0002,090,0002,280,0002,470,0002,660,0002,850,000
TOTAL CUMULATIVE OCCUPIED OFFICE SF/YR633,3331,266,6671,900,0002,533,3333,166,6673,800,0004,433,3335,066,6675,700,0006,333,3336,966,6677,600,0008,233,3338,866,6679,500,000
Cmcl-Retail (.95 occupancy)57,000114,000171,000228,000285,000421,800558,600695,400832,200969,0001,003,2001,037,4001,071,6001,105,8001,140,000
Cmcl-Restaurant (.95 occupancy)14,25028,50042,75057,00071,250105,450139,650173,850208,050242,250250,800259,350267,900276,450285,000
Cumulative Families/Year20102011201220132014201520162017201820192020202120222023202420252026
Cumulative Number of Families (Units)3336671,0001,3331,6672,0002,3332,6673,0003,3333,6674,0004,3334,6675,0005,000
Wtd Avg Income/Family:$153,000Total Income:$51,000,000$102,000,000$153,000,000$204,000,000$255,000,000$306,000,000$357,000,000$408,000,000$459,000,000$510,000,000$561,000,000$612,000,000$663,000,000$714,000,000$765,000,000$765,000,000
Retail Purchases Rate:0.184Retail Buying:$9,384,000$18,768,000$28,152,000$37,536,000$46,920,000$56,304,000$65,688,000$75,072,000$84,456,000$93,840,000$103,224,000$112,608,000$121,992,000$131,376,000$140,760,000$140,760,000
Tax & Rev ParametersMkt Val Assess FactorEff RatePer $ BasisTotal Factor$ Source
Ofc & Cmcl Property0.40$4.04$100.000.01616Assess Mkt
Residential Property0.25$4.04$100.000.0101Assess Mkt
Other Local Fee Revsna$757.00Per Household757Households
Local Option Sales1.00$0.0225$1.000.0225Gross Sales--incl constr mtls cost (hard cost*0.6)
Tax & Other Revenues20102011201220132014201520162017201820192020202120222023202420252026
Offc & Cmcl Property$2,412,823$4,825,645$7,238,468$9,651,291$12,064,113$14,960,524$17,856,935$20,753,345$23,649,756$26,546,167$28,820,821$31,095,476$33,370,131$35,644,785$37,919,440
Residential Property$1,262,500$2,525,000$3,787,500$5,050,000$6,312,500$7,575,000$8,837,500$10,100,000$11,362,500$12,625,000$13,887,500$15,150,000$16,412,500$17,675,000$18,937,500$18,937,500
Other Fee Rev (Family)$252,333$504,667$757,000$1,009,333$1,261,667$1,514,000$1,766,333$2,018,667$2,271,000$2,523,333$2,775,667$3,028,000$3,280,333$3,532,667$3,785,000$3,785,000
Local Sales Tx (Family)$211,140$422,280$633,420$844,560$1,055,700$1,266,840$1,477,980$1,689,120$1,900,260$2,111,400$2,322,540$2,533,680$2,744,820$2,955,960$3,167,100$3,167,100
Constr Mtls Sales Tax$2,512,350$2,512,350$2,512,350$2,512,350$2,512,350$2,512,350$2,512,350$2,512,350$2,512,350$2,512,350$2,512,350$2,512,350$2,512,350$2,512,350$2,512,350$0$0
Total Revenues$2,512,350$4,238,323$8,377,119$12,515,915$16,654,711$20,793,507$24,932,303$29,554,687$34,177,071$38,799,455$43,421,839$48,044,223$52,044,851$56,045,479$60,046,107$61,534,385$63,809,040
Direct Office & Commercial Employment201220132014201520162017201820192020202120222023202420252026
Office Jobs:2,5335,0677,60010,13312,66715,20017,73320,26722,80025,33327,86730,40032,93335,46738,000
NAICSRetail Jobs:1783565347138911,3181,7462,1732,6013,0283,1353,2423,3493,4563,563
See Breakout BelowSF/Office Job:250
44SF/Retail Job:400Retail Jobs:1432854285707131,0551,3971,7392,0812,4232,5082,5942,6792,7652,850
7221SF/Restaurant Job:400Restrnt Jobs:3671107143178264349435520606627648670691713
Industry Breakout for Direct Office Jobs201220132014201520162017201820192020202120222023202420252026
NAICSSectorProportionCompetitive
551Management of Companies0.05Yes1272533805076337608871,0131,1401,2671,3931,5201,6471,7731,900
561Administrative & Support0.40Yes1,0132,0273,0404,0535,0676,0807,0938,1079,12010,13311,14712,16013,17314,18715,200
541Professional, R&D, Tech0.30Partly Yes7601,5202,2803,0403,8004,5605,3206,0806,8407,6008,3609,1209,88010,64011,400
52Financial & Insurance0.15Less3807601,1401,5201,9002,2802,6603,0403,4203,8004,1804,5604,9405,3205,700
531Real Estate0.10Less2535077601,0131,2671,5201,7732,0272,2802,5332,7873,0403,2933,5473,800
Total2,5335,0677,60010,13312,66715,20017,73320,26722,80025,33327,86730,40032,93335,46738,000
Modeling Inputs20102011201220132014201520162017201820192020202120222023202420252026
Construction (by local final demand type; nat'l displacement because could invest anywhere; local productivity)
Office+Cmcl$120,766,667$120,766,667$120,766,667$120,766,667$120,766,667$120,766,667$120,766,667$120,766,667$120,766,667$120,766,667$120,766,667$120,766,667$120,766,667$120,766,667$120,766,667$0$0
Residential$65,333,333$65,333,333$65,333,333$65,333,333$65,333,333$65,333,333$65,333,333$65,333,333$65,333,333$65,333,333$65,333,333$65,333,333$65,333,333$65,333,333$65,333,333$0$0
BLS: 2007*0.87 = 2002
Office+Cmcl (/1000=input)105,067105,067105,067105,067105,067105,067105,067105,067105,067105,067105,067105,067105,067105,067105,06700
Residential (/1000=input)56,84056,84056,84056,84056,84056,84056,84056,84056,84056,84056,84056,84056,84056,84056,84000
Office Employment (new office jobs as nat'l displacement because could work anywhere; infer sales & payroll from #jobs; nat'l productivity)
ABOVE: SEE INDUSTRY BREAKOUT FOR #DIRECT NEW OFFICE JOBS BY NAICS SECTOR
Retail Commercial Employment (new retail jobs as local displacement, using direct high-productivity data for output [sales], jobs, & payroll)
Wage rate:24,300(2007:2002)21,141
Productivity:240,000(2007:2002)208,800
Payroll (#jobs*wg rate/1000)3,0136,0259,03812,05015,06322,29329,52336,75443,98451,21453,02254,82956,63758,44460,252
Sales (#jobs*prod*.25/1000)7,43914,87722,31629,75437,19355,04572,89790,750108,602126,455130,918135,381139,844144,307148,770
Jobs (from NAICS 44 above)1432854285707131,0551,3971,7392,0812,4232,5082,5942,6792,7652,850
Restaurant Commercial Employment (new restrnt jobs as local displacement, using direct high-productivity data for output [sales], jobs, & payroll)
Wage rate:24,300(2007:2002)21,141
Productivity:260,000(2007:2002)226,200
Payroll (#jobs*wg rate/1000)7531,5062,2593,0133,7665,5737,3819,18810,99612,80413,25513,70714,15914,61115,063
Sales (#jobs*prod/1000)8,05816,11724,17532,23440,29259,63278,97298,312117,652136,992141,827146,662151,497156,332161,168
Jobs (NAICS 7221 above)3671107143178264349435520606627648670691713
Graphics
Hard Construction Costs $ Million
Annually: 2010 - 2024 $ MillionTotal
Office Core$47$700$0
Office Campus$30$450$0
Corporate Office$25$3750.000375
Cmcl-Retail$13$1980
Cmcl-Restaurant$6$890
All Residential$65$9800.00098
Total$186$2.8
Billion
Graphics
0.12500
0.250.12793333330.021375
0.3750.25586666670.04275
0.50.38380.064125
0.6250.51173333330.0855
0.750.63966666670.106875
0.8750.76760.158175
10.89553333330.209475
1.1251.02346666670.260775
1.251.15140.312075
1.3751.27933333330.363375
1.51.40726666670.3762
1.6251.53520.389025
1.751.66313333330.40185
1.8751.79106666670.414675
1.8751.9190.4275
Residential
Office
Commercial
Aggregate Market Value$ Billion
Chart Drivers
333.3333333333
666.6666666667
1000
1333.3333333333
1666.6666666667
2000
2333.3333333333
2666.6666666667
3000
3333.3333333333
3666.6666666667
4000
4333.3333333333
4666.6666666667
5000
5000
Occupancy by Families
Residential Build out - Units
Sheet4
519.384
10218.768
15328.152
20437.536
25546.92
30656.304
35765.688
40875.072
45984.456
51093.84
561103.224
612112.608
663121.992
714131.376
765140.76
765140.76
Total Income
Retail Spending
Residential Income & Spending$1,000,000
126.66666666671013.3333333333760380253.3333333333
253.33333333332026.66666666671520760506.6666666667
380304022801140760
506.66666666674053.3333333333304015201013.3333333333
633.33333333335066.6666666667380019001266.6666666667
7606080456022801520
886.66666666677093.3333333333532026601773.3333333333
1013.33333333338106.6666666667608030402026.6666666667
11409120684034202280
1266.666666666710133.3333333333760038002533.3333333333
1393.333333333311146.6666666667836041802786.6666666667
152012160912045603040
1646.666666666713173.3333333333988049403293.3333333333
1773.333333333314186.66666666671064053203546.6666666667
1900152001140057003800
Management
Admin
Professional
Finance/Insurance
Real Estate
Direct Office Job Creation
142.535.625
28571.25
427.5106.875
570142.5
712.5178.125
1054.5263.625
1396.5349.125
1738.5434.625
2080.5520.125
2422.5605.625
2508627
2593.5648.375
2679669.75
2764.5691.125
2850712.5
Retail
Restaurant
Retail Sector Direct Job Creation
919.8489358.3941199.58932209.98996
917.40621357.27319198.95576209.27799
1007.53739430.4873240.17716231.43584
1081.4959497.51782278.06253249.94159
1155.82114564.62028316.02482268.50895
1230.50541631.77119354.0479287.13521
1305.54105698.94987392.11738305.818
1381.95527766.51294429.29799324.78696
1458.67521834.08644466.55732343.80275
1535.69479901.65636503.88208362.86381
1613.00768969.231541.2753381.96968
1690.608591036.79975578.72636401.11923
1767.249571103.90965617.30454420.0342
1844.200331171.02157655.8917438.999
1921.455631238.12932694.48215458.01289
1279.963141025.59569576.8006314.11671
MSA excl Davidson-Dickson-Sumner
Davidson
Rest of TN
Dickson & Sumner
Construction Job Impacts
0.01821349460.02018852090.00825832270.0039533989
0.01908271530.02127197720.0086285930.0041294543
0.10838461190.04756005670.01731365490.0070448994
0.20026841940.07375846330.02598484080.0098978041
0.29556346030.10093175190.03500315530.0128578715
0.39432273560.1290791890.04436609190.0159248144
0.49659055970.1581971730.05407016530.0190980528
0.60381910040.188388240.06352789030.0223592309
0.71453945470.21955071920.07332703790.0257267116
0.8287687060.25167386530.08346176170.029199155
0.9464323920.28475819170.09393400650.0327766664
1.06753061210.31878914920.10473670520.0364575071
1.1901214430.35361804450.11661668570.0402631371
1.31603625940.38936928610.1288176790.0441693097
1.44525462040.42602313510.1413310320.0481737534
1.55793911130.44127779420.14521388830.0479829757
1.6936014790.47969021110.158337250.0521789376
Davidson
MSA excl Davidson-Dickson-Sumner
Rest of TN
Dickson & Sumner
Regional Investment Demand Growth: Non-Residential $ Billion
2.3496070233.03372164371.54891367820.8266693908
2.34743894253.03339978161.5435369310.8266119655
9.20792614947.89655064373.19199836782.0299353103
16.33446695412.95499694254.91369680463.2798515172
23.72633990818.21200160926.70539260924.5772866207
31.380956229923.66594880468.56657249435.9218058621
39.295198275929.314787206910.49654874717.3128793793
47.520123620735.157354287312.38852054028.7512682759
56.002461494241.193248195414.349052494210.2358328621
64.737679988547.419263781616.377027942511.7657856207
73.725121632253.834662183918.472377011513.3409857126
82.959536758660.435631712620.633736563214.9605123218
92.366147816167.216643701122.995671413816.6217151264
102.010924344874.176352057525.421110770118.3256418851
111.887728459781.310197068927.908402678220.0712080115
119.656594850585.624985068928.941886620721.044213023
129.983980390893.099238402331.550796735622.8714531494
Davidson
MSA excl Davidson-Dickson-Sumner
Rest of TN
Dickson & Sumner
Regional Investment Demand Growth: Residential $ 1,000,000
1224.665821395.32394630.41643316.95157
1215.996481388.0806624.21077315.11037
5439.229672556.592531150.46763533.98144
9666.466923716.390451675.41442750.29437
13911.980644887.108552205.0891968.43688
18172.355126067.994062739.105641188.26426
22448.232077258.308493277.082741409.63746
26863.192078419.016633742.712931625.10119
31294.65199589.741724214.719491842.22811
35744.0848110769.670614692.57222060.87072
40206.7127411958.384145176.125032280.94697
44684.101713155.100315664.863542502.31839
48997.3238914403.791626247.899412733.38316
53272.0707915657.590986832.481232965.20166
57642.3898816915.895857418.316943197.67451
60995.7908117079.282687512.565633182.74576
65344.2449718361.874718107.891673420.15306
Davidson
MSA excl Davidson-Dickson-Sumner
Rest of TN
Dickson & Sumner
Regional Job Creation Direct plus Secondary
0.14801258670.14839024490.06653987220.0306540259
0.14869441440.15011883830.06657520110.0307040296
0.71725807220.33285991380.13013601630.0505432356
1.30474072040.52084988090.19630547680.0710951482
1.91245305990.71585752460.26516745040.0924203955
2.54041767440.9178836390.33670664380.1145170745
3.18857317921.12690933940.41090061950.137381219
3.87366793111.34218682310.48198591050.1606805775
4.57926807441.56446135580.55572229490.1847473923
5.30512724561.79366321580.63206930640.209572172
6.05157346782.02977952050.7110315840.2351553823
6.81826849022.27271305770.7925588760.2614846486
7.58376788912.52329146530.88398915740.2889711915
8.36929918842.7805029030.97790586020.3171834477
9.17437997463.04421361731.07424676890.3461052613
9.84999587863.16293959511.10673432170.3450269937
10.69331529063.43932294441.20780977570.3753326167
Davidson
MSA excl Davidson-Dickson-Sumner
Rest of TN
Dickson & Sumner
Regional Total Output Effects $ Billion
0.04498810570.05808690030.02965716890.0158283021
0.04544992420.05873115090.02988518080.0160044426
0.18021458360.15454876190.06247277050.0397292443
0.31969296010.25355105460.09616930170.0641922046
0.46436433220.35643946750.13123579820.0895851892
0.61417803250.46318237640.16766221540.1158996891
0.76907304560.57373963380.20543509280.1431253349
0.93004865150.68808848670.24246415950.1712770219
1.09606225340.806221070.28083506290.2003324448
1.26702515560.9280746560.32052594990.2302761912
1.44292448741.05363478030.36153545140.2611055031
1.62365750291.18282684190.40383688840.2928023594
1.80776068511.31554263920.45006392180.325314889
1.99652516471.45175582370.49753384460.3586635983
2.1898308141.59137715530.5462143260.3928272598
2.341880581.6758248050.56644134240.4118706027
2.54400486581.82210849960.61750209670.4476327618
Davidson
MSA excl Davidson-Dickson-Sumner
Rest of TN
Dickson & Sumner
Demand Growth - Personal Consumption $ Billion
2533.3333333333178.125
5066.6666666667356.25
7600534.375
10133.3333333333712.5
12666.6666666667890.625
152001318.125
17733.33333333331745.625
20266.66666666672173.125
228002600.625
25333.33333333333028.125
27866.66666666673135
304003241.875
32933.33333333333348.75
35466.66666666673455.625
380003562.5
Office Jobs:
Retail Jobs:
May Town Center: Total Direct Employment
$ 1000000 all numbers
Aggregated Market Value20102011201220132014201520162017201820192020202120222023202420252026
Office0.000.000.130.260.380.510.640.770.901.021.151.281.411.541.661.791.92
Commercial0.000.000.020.040.060.090.110.160.210.260.310.360.380.390.400.410.43
Total Office+Commercial0.000.000.150.300.450.600.750.931.111.281.461.641.781.922.062.212.35
Residential0.000.130.250.380.500.630.750.881.001.131.251.381.501.631.751.881.88
Total$0.00$0.13$0.40$0.67$0.95$1.22$1.50$1.80$2.11$2.41$2.71$3.02$3.28$3.55$3.81$4.08$4.22
Residentials
Total Income:$51$102$153$204$255$306$357$408$459$510$561$612$663$714$765$765
Retail Buying:$9$19$28$38$47$56$66$75$84$94$103$113$122$131$141$141
DIRECT
Tax & Other Revenues DavidsonTotal
Constr Mtls Sales Tax$2.51$2.51$2.51$2.51$2.51$2.51$2.51$2.51$2.51$2.51$2.51$2.51$2.51$2.51$2.51$0.00$0.00$37.69
Other Fee Rev (Family)$0.00$0.25$0.50$0.76$1.01$1.26$1.51$1.77$2.02$2.27$2.52$2.78$3.03$3.28$3.53$3.79$3.79$34.07
Local Sales Tx (Family)$0.00$0.21$0.42$0.63$0.84$1.06$1.27$1.48$1.69$1.90$2.11$2.32$2.53$2.74$2.96$3.17$3.17$28.50
Offc & Cmcl Property$0.00$0.00$2.41$4.83$7.24$9.65$12.06$14.96$17.86$20.75$23.65$26.55$28.82$31.10$33.37$35.64$37.92$306.81
Residential Property$0.00$1.26$2.53$3.79$5.05$6.31$7.58$8.84$10.10$11.36$12.63$13.89$15.15$16.41$17.68$18.94$18.94$170.44
Total$2.51$4.24$8.38$12.52$16.65$20.79$24.93$29.55$34.18$38.80$43.42$48.04$52.04$56.05$60.05$61.53$63.81$577.50
Total Property$0.00$1.26$4.94$8.61$12.29$15.96$19.64$23.80$27.96$32.12$36.27$40.43$43.97$47.51$51.05$54.58$56.86$477.25
Total Sales$2.51$2.98$3.44$3.90$4.37$4.83$5.29$5.76$6.22$6.68$7.15$7.61$8.07$8.54$9.00$6.95$6.95$100.25
Total Property plus Sales and Use Government Revenues $ Million
201220182024Total
Constr Mtls Sales Tax$2.5$2.5$0.0$38
Other Fee Rev (Family)$0.5$2.0$3.8$34
Local Sales Tx (Family)$0.4$1.7$3.2$29125000000000
Offc & Cmcl Property$2.4$17.9$37.9$307
Residential Property$2.5$10.1$18.9$170
Total Direct$8.4$34.2$63.8$578
Total w/Multiplier$8.4$50.2$99.5$897
Tax & Other Revenues Total Davidson201220182024
Property Tax1.471.495.8910.4415.1520.0125.0330.2335.5841.0846.7352.52