T.F. Green Airport Improvement Program - FEIS Chapters - PVD

T.F. Green Airport Improvement ProgramEnvironmental Impact Statement and Final Section 4(f) EvaluationUnder Alternative B2, land acquisition for RSA enhancements to Runway 16-34 and Partially Relocated AirportRoad (the safety enhancements) would be completed by the end of 2015, and land acquisition for extendingRunway 5-23 to 8,700 feet and Fully Relocated Airport Road (the efficiency enhancements) would be completedby 2020. Beginning in 2015, the cumulative property tax losses associated with safety enhancements would total$2.7 million by 2020. Beginning in 2020, an additional $637,922 in annual property tax losses associated with theefficiency enhancements would total $3.2 million by 2025. Cumulatively, by 2025, approximately $5.9 million inresidential and commercial property tax revenue would be lost to the City of Warwick due to Alternative B2.All results are for direct property tax losses from property acquisitions and do not account for the offsettingeffects of increased economic activity within the City resulting from the aviation enhancements.According to a review of the current real estate market and based on the Current Part 150 VLAP, there aresufficient mitigation opportunities (available real estate) to relocate residents and businesses in or around Warwickunder Alternative B2. For businesses, as of 2010, there is some vacancy in existing office and industrial propertieswithin the City of Warwick; therefore, there is considerable opportunity for relocating the displaced businesses(with the exception of manufacturing, or “most threatened,” businesses) to vacant or underdeveloped land on PostRoad and elsewhere in the City. To the extent that residences and businesses relocate within the City of Warwick,this would reduce the loss of property tax revenue as well as local jobs, personal taxable income, and local taxablebusiness revenues. Property owners may also make improvements to their new properties, which could also offsetthe property tax lost through land acquisition associated with Alternative B2.Municipal Fiscal Impacts - 2020The total estimated cost to provide municipal services (recycling and sanitation, composting, police, fire andrescue) to the housing units to be acquired under Alternative B2 (residential acquisitions are presented belowunder Social and Housing Impacts – 2020) would be approximately $221,430 annually, while school costs areestimated to be about $934,680 annually. From an overall fiscal impact perspective, it is unlikely that theacquisition of residential units will result in cost savings to City of Warwick as it is likely that most of thehouseholds affected by the residential acquisitions will relocate within Warwick and, therefore, would simplyshift their demand for municipal and school services to another neighborhood within the city, which mayimpact the demand for services in that neighborhood, particularly enrollments in individual schools.Social and Housing Impacts - 2020The following sections summarize the direct and indirect impacts to housing (including housing affordability) dueto residential land acquisitions for construction, noise mitigation, and FAA-recommended RPZ clearing as well asindirect impacts to the community beginning in 2020 for Alternative B2.Direct Impacts to HousingTable 5-55 summarizes the impacts to housing in 2020 due to the residential land acquisitions associated withAlternative B2. All land acquisition is shown for each runway end by acquisition type in Figures 5-19 and 5-20(shown previously).Chapter 5 - Environmental Consequences 5-93 July 2011\\mawatr\ev\09228.00\reports\FEIS_Final_July_2011\PVD_CH05_Environmental_Cons_JUL_2011.doc