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

T.F. Green Airport Improvement ProgramEnvironmental Impact Statement and Final Section 4(f) EvaluationTable 5-61Approved and Permitted New Development and Estimated Job CapacityEstimated Ratio of Square Feet Estimated Job CapacityPlanned Development 1,2 Square Feet per Job at Full OccupancyOffice 1,077,800 400 2,695Hotel 870,000 1,700 512Retail 613,410 850 722Total 2,561,210 -- 3,928Source: City of Warwick Planning Department, Square foot ratios are from the Urban Land Institute, the Energy Information Administration, Boston RedevelopmentAuthority and the Southern California Association of Governments. (2007)1 Refer to Table 5-5 for a list of new and planned projects, according to the City of Warwick Planning Department (correspondence dated February 2011).2 Includes the planned Warwick Station Redevelopment District.Based on historical trends expressed in constant 2010 dollars, the property tax levy of the City of Warwick isprojected to be $239.9 million in 2020 and $260.1 million in 2025. The nearly 1.5 million square feet of newlyapproved and permitted commercial development (excluding projects that have already been constructed, asidentified in Table 5-5, and are captured in the 2010 property tax levy) in the City of Warwick (including theWSRD) is expected to generate more than $7 million annually in property taxes after full development based oncurrent tax rates, property values, and construction costs.Economic Impacts of the Alternatives B2 and B4Alternative B2 is likely to displace 39 industrial jobs, while Alternative B4 is likely to displace 14 jobs inmanufacturing and warehousing. From 1980 through 2005, the City lost an average of 229 manufacturing jobs peryear. However, most recently from 2002, the rate of loss has been 80 manufacturing jobs per year. Even thoughAlternatives B2 and B4 are expected to generate some manufacturing-related jobs, these new jobs would not bereplace the displaced jobs due to differences in type of manufacturing, technology, time lag in construction, and theprojected growth in aviation activity due to the Improvement Program. State-wide, by 2025, Alternatives B2 and B4are expected to generate approximately 1,967 new employment opportunities of various types.As presented in Table 5-62 the current amount of retail, office, and hotel space approved and or permitted fordevelopment in the WSRD and in other parts of the City of Warwick greatly exceeds the amount of space expectedto be displaced by Alternatives B2 and B4. However, these planned and proposed projects do not address thespace needed for displaced industrial and warehousing businesses and jobs. Depending on the type and amountof space each individual firm requires, these users are more likely to relocate outside of the City of Warwick.Table 5-62Maximum Potential Cumulative Job Impacts due to Construction-Related Acquisitions(Mandatory) by Alternative B2 and B4Direct Job Displacement (losses)Potentially SuitableManufacturing and Warehousing Jobs for Approved and Permitted Development 1Alternative B2 39 286Alternative B4 14 511 Represents the total number of jobs shown below minus the most threatened jobs.Chapter 5 - Environmental Consequences 5-104 July 2011\\mawatr\ev\09228.00\reports\FEIS_Final_July_2011\PVD_CH05_Environmental_Cons_JUL_2011.doc