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

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T.F. Green Airport Improvement ProgramEnvironmental Impact Statement and Final Section 4(f) Evaluationrequire acquisition of Airport Plaza. Forty-five of the affected jobs are likely to relocate within the City of Warwick.Table 5-57 indicates the number of “most threatened” businesses, although Alternative B4 is expected to generatelimited warehousing and manufacturing jobs five or more years after the parcels are taken. 348 Without immediaterelocation or absorption, total direct losses in employment from these businesses would result in a total loss of23 jobs, $1.0 million in total losses of direct wages and $3.2 million in total losses of direct business revenues inWarwick. For Rhode Island, without immediate relocation or absorption, total direct losses in employment fromthese businesses would result in a total loss of 28 jobs, $1.3 million in wages, and $4.0 million in businessrevenues. Any job losses would be expected to be offset by the gains in employment and economic activityresulting from Alternatives B2 and B4.City of Warwick Property Tax Impacts – 2015 and 2020Table 5-58 presents the total property taxes (residential and commercial) that would be lost to the City ofWarwick due to land acquisitions for construction and under a Future Build VLAP for project-related noisemitigation. Residential acquisitions are presented below under the ‘Social and Housing Impacts’ sections.Table 5-58Alternative B4: Direct Annual Property Tax Impacts (Losses)Safety Enhancement Elements 1 Efficiency Enhancement Elements 1PartiallyTerminalRelocated Area and RealignedTax and Acquisition Type Runway 16 Runway 34 Airport Road Runway 5 Runway 23 Access Roads Main Avenue TotalResidential Property Acquisiti on – $0 $0 $1,264 $0 $0 $0 $27,787 $29,051Mandatory Constructi onResidential Property Acquisiti on – $0 $0 $0 $6,291 $0 $0 $0 $6,291Voluntary Noise (2015) 2Residential Property Acquisiti on – $0 $0 $0 $195,905 $0 $0 $0 $195,905Voluntary Noise (2020) 3Residential Property Acquisiti on – $0 $0 $0 $180,609 NA 4 $0 $0 $180,609Voluntary Runway 5 End RPZ 4Commercial Property Acquisiti on – $125,510 $0 $30,155 $0 $0 $0 $0 $155,665Mandatory ConstructionTotal Direct Tax Impacts $125,510 $0 $31,419 $0 $0 $0 $27,787 $184,716Mandatory (Property Taxes)Total Direct Tax Impacts $0 $0 $0 $382,805 $0 $0 $0 $382,805Voluntary (Property Taxes)Source: City of Warwick Assessor’s Office, The Tax Foundation and RI MapStats from FedStats, VHB, RKG Associates, Inc., EDR Group.Note: No property tax losses related to the Integrated Cargo Facility. NA=Not Applicable.1 Annual tax loss first starting in 2015 except for residential property acquisition for noise mitigation for noise impacts in 2020 (see table note 3 below).2 Assumes total annual tax loss first starting in 2015 because for the purposes of the Alternative B4 FEIS analysis, residential properties are assumed to beacquired between 2015 and 2020; however, it is RIAC’s intention to begin to acquire residential parcels as soon as 2012, subject to funding availability).3 Assumes annual tax loss starting in 2020 because for the purposes of the Alternative B4 FEIS analyses, residential properties are assumed to be acquiredbetween 2020 and 2025; however, it is RIAC’s intention to begin to acquire residential parcels as soon as 2012, subject to funding availability).4 For the purposes of this FEIS, it is assumed that there would be 100 percent participation by property owners in a voluntary program. RPZ clearing is a FAArecommendation,and is not a required action. Therefore, RPZ-related property acquisition would be subject to funding availability.348 Unlike the manufacturing/warehousing jobs created due to increased aviation activity, which are motivated to locate within Warwick specifically to be nearthe airport, businesses being displaced by either Alternative B2 or Alternative B4 are not specifically motivated to relocate near the airport and willtherefore be considering locations throughout the state or beyond, based on cost, availability, and industry-specific operational considerations.Chapter 5 - Environmental Consequences 5-98 July 2011\\mawatr\ev\09228.00\reports\FEIS_Final_July_2011\PVD_CH05_Environmental_Cons_JUL_2011.doc
T.F. Green Airport Improvement ProgramEnvironmental Impact Statement and Final Section 4(f) EvaluationStarting in 2015, up to approximately $371,616 in annual property tax revenue (residential and commercial;mandatory and voluntary; excluding residential acquisitions associated with the 2020 Future Build VLAP)would be lost to the City of Warwick, representing less than a half of one percent of the City’s projected local taxrevenue base for 2010 ($204,173,334). The majority of residential property taxes lost starting in 2015 would bedue to acquisitions for noise mitigation and Runway 5 End RPZ clearing ($186,900 per year). Direct losses inannual commercial property tax revenue due to the required acquisitions for construction would total$155,665 per year starting in 2015 representing less than a half of one percent of the City’s total 2010 propertytax revenue base. Starting in 2020, an additional $195,905 of residential property tax revenue could be lostannually due to residential acquisitions for noise mitigation under a Future Build VLAP.Under Alternative B4, from 2015 to 2025 cumulative property tax losses (for residential and commercialproperties) associated with safety enhancements would total approximately $1.6 million. Cumulative propertytax losses associated with the efficiency projects would total $1.1 million by 2020 (starting in 2015) all of which isresidential tax losses associated with extending the Runway 5-23 to 8,700 feet. An additional $195,905 in annualresidential property tax losses to the City of Warwick would begin in 2020 due to residential acquisitions fornoise mitigation totaling $979,525 by 2025. Cumulatively, Alternative B4 would reduce the total amount of taxescollected by the City of Warwick by a total of $3.2 million by 2025 (starting in 2015).As discussed in greater detail in Appendix G.4, Conceptual Relocation Plan, according to a review of the currentreal estate market and based on the Current Part 150 VLAP, sufficient mitigation opportunities (available realestate) are available to relocate residents and businesses in or around Warwick under Alternative B4. Forbusinesses, as of 2010, there is some vacancy in existing office and industrial properties within the City ofWarwick; therefore, there is considerable opportunity for relocating the displaced businesses (with theexception of manufacturing, or “most threatened”, businesses) to vacant or underdeveloped land on Post Roadand elsewhere in the City. To the extent that residences and businesses relocate within the City of Warwick, thiswould 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 alsooffset the property tax lost through land acquisition associated with Alternative B4.City of Warwick Fiscal Impacts – 2015 and 2020The total estimated cost to provide municipal services (recycling and sanitation, composting, police, fire andrescue) to the housing units to be acquired under Alternative B4 in 2015 (residential acquisitions are presentedbelow under Social and Housing Impacts – 2015) is about $68,204 annually, while school costs are estimated to beabout $287,897 annually. From an overall fiscal impact perspective, it is unlikely that the acquisition ofresidential units will result in cost savings to City of Warwick as it is likely that most of the households affectedby the residential acquisitions will relocate within Warwick and therefore simply shift their demand formunicipal and school services to another neighborhood within the City, which may impact the demand forservices in that neighborhood, particularly enrollments in individual schools. Another offsetting factor for theloss of property tax revenue is the economic benefits to the City of Warwick from the increased economicactivities projected to result from Alternatives B2 and B4.Chapter 5 - Environmental Consequences 5-99 July 2011\\mawatr\ev\09228.00\reports\FEIS_Final_July_2011\PVD_CH05_Environmental_Cons_JUL_2011.doc
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T.F. Green Airport Improvement Program - FEIS Chapters - PVD

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