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) Evaluation• There would be an insubstantial loss in community tax base. For Alternative B4, the total potential propertytax loss (for mandatory and voluntary land acquisitions) is under one percent (0.35 percent) of the total taxbase for the City of Warwick.5.5.4.4 Short-Term Impacts from Construction ActivitiesConstructing Alternative B2 would directly generate a total of 803 jobs, $37.7 million in personal taxable income,and nearly $92.1 million in business spending in Warwick during the 2012 to 2020 construction period. Whenincluding indirect and induced impacts, the total benefit would be 1,173 jobs, $50.1 million in income, and$134.3 million in output in Warwick, and additional benefits statewide (1,227 jobs, $53.6 million in wages, and$161.5 million in business revenue). Constructing Alternative B4 would directly generate a total of 872 jobs,$40.9 million in personal income and $90.6 million in business spending in Warwick during the 2012 to 2020construction period. When including indirect and induced impacts, the total benefit would be 1,335 jobs, $58.3million in income and $157.8 million in output in Warwick, and additional benefits statewide.5.5.4.5 Social and Socioeconomic Cumulative ImpactsThis section summarizes the cumulative impacts to both the social and economic environment within theStudy Area. Past major community and economic changes, foreseeable future impacts on communities (knownplanned or permitted development (Table 5-5) and projected growth according to local, regional, and state plansand policies) and on Warwick’s economy (employment and taxes) as well as the potential community andeconomic impacts of Alternatives B2 and B4 are considered to identify neighborhoods that would be more orless affected. Appendix G.1, Social and Socioeconomic Impacts Methodology, provides a description of themethodology for this cumulative analysis.Economic Cumulative ImpactsThis section describes the historical economic impact trends, the foreseeable future economic impacts and theeconomic benefits and impacts associated with Alternatives B2 and B4 of the T.F. Green Airport ImprovementProgram. Specifically, economic impacts assessed in this analysis include changes, over time, in employmentand tax revenue to the City of Warwick.Historical Economic TrendsTable 5-60 presents the average annual employment in the City of Warwick over almost three decades.Historically, over the past 30 years, the City of Warwick experienced job losses in traditional soft goodsmanufacturing industries, but experienced rapid growth of lower-wage services and retail businesses. From1980 through 2006, the City of Warwick’s private sector job base grew from 30,322 to 53,070, implying anaverage annual absorption of 875 jobs per year in the City’s economy. After 2006, average annual employmentbegan to decline through 2009 implying an average annual loss of 1,790 jobs per year. This overall trend isconsistent with the northeast United States. 351 In constant dollars, the property tax levy has increased by1.6 percent annually from 2000 to 2010. 352351 Data provided by the State of Rhode Island Municipal Affairs, Department of Administration.352 Warwick Tax Collector Audit (FY 2000 and 2010), adjusted for inflation using the Consumer Price Index (CPI-U for Northeast-urban), Bureau of LaborStatistics, U.S. Department of Labor.Chapter 5 - Environmental Consequences 5-102 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) EvaluationTable 5-60 Average Annual Employment in the City of Warwick (1980 - 2010)Average Annual Average Annual Average AnnualYear Employment Year Employment Year Employment1980 30,322 1991 36,899 2002 46,4781981 31,412 1992 38,744 2003 47,1081982 30,501 1993 39,195 2004 47,6231983 30,971 1994 40,124 2005 48,4821984 32,841 1995 41,604 2006 53,0701985 34,346 1996 42,766 2007 52,5921986 36,188 1997 43,003 2008 50,5211987 38,533 1998 43,299 2009 47,8101988 39,540 1999 45,187 2010 45,906 11989 40,357 2000 46,4081990 37,002 2001 46,567Sources: Rhode Island Department of Labor and Training and Rhode Island Economic Development Corporation.1 Second quarter of 2010 only. Full year data not available at the time of the filing of this FEIS.Future Economic TrendsThe City of Warwick is Rhode Island’s second-largest city and the hospitality and retailing center of the state. Onegoal of the City’s economic development strategy is to derive more local benefits out of the traffic and businessgenerated by the Airport. 353 Top priorities for achieving this include: developing the inventory of good commercialsites; establishing a community development corporation to administer innovative business loans; developingcommuter and freight rail services; and promoting the amenity of the City’s Narragansett Bay location.Various development projects are new and planned (including approved or permitted at the time of the filing ofthis FEIS; refer to Table 5-5) in the City of Warwick in the same time frame that the Improvement Programelements would come on line. These projects total nearly 2.6 million square feet in retail, office, and hotel space,which is estimated to accommodate approximately 3,900 jobs, based on standard averages of jobs per square foot.Full absorption of these new facilities into the Warwick economy may take up to 10 years (or longer) based on recentpast trends. Table 5-61 presents the estimated job capacity for these new and planned projects by development type.353 City of Warwick Planning Department, City of Warwick Comprehensive Plan, 2002.Chapter 5 - Environmental Consequences 5-103 July 2011\\mawatr\ev\09228.00\reports\FEIS_Final_July_2011\PVD_CH05_Environmental_Cons_JUL_2011.doc
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