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

T.F. Green Airport Improvement ProgramEnvironmental Impact Statement and Final Section 4(f) EvaluationTable 5-63 Alternatives B2 and B4: Direct and Indirect Economic Impacts (Gains) in the City of Warwick 1Alternative B2 - Total Impact (Annual)Alternative B4 - Total Impact (Annual)Type of impact 2015 2020 2025 2015 2020 2025Direct Additional Jobs 0 553 607 552 553 607Indirect Additional Jobs 0 244 266 244 244 266Total Impacts to Jobs 0 797 873 796 797 873Direct Impacts to Personal Taxable Income 0 $16,556,000 $17,927,000 $16,543,000 $16,556,000 $17,927,000Indirect Impacts to Personal Taxable Income 0 $8,352,000 $9,094,000 $8,393,000 $8,352,000 $9,094,000Total Impacts to Personal Taxable Income 0 $24,908,000 $27,021,000 $24,936,000 $24,908,000 $27,021,000Direct Impacts to Taxable Business Revenue 0 $46,458,000 $51,413,000 $47,303,000 $46,458,000 $51,413,000Indirect Impacts to Taxable Business Revenue 0 $16,870,000 $18,548,000 $16,937,000 $16,870,000 $18,548,000Total Impacts to Business Revenue 0 $63,328,000 $69,961,000 $64,240,000 $63,328,000 $69,961,000Source: ADE, IMPLAN, Rhode Island Airport Economic Study (Wilbur Smith Associates, June 2006), RIDLT.Note: Gains are not cumulative; represents the total economic gains, including those already created in the previous analysis years as a result of Alternatives B2 and B4.1 Includes direct and indirect impacts from on-Airport business activities, visitor spending and development of spin off-Airport-related business in the City.Table 5-64 Alternatives B2 and B4: Total Economic Impacts (Gains) in Rhode Island 1Alternative B2 - Total Impact (Annual)Alternative B4 - Total Impact (Annual)Type of impact 2015 2020 2025 2015 2020 2025Total Additional Jobs 0 1,813 1,967 1,810 1,813 1,967Total Impacts to Personal Taxable Income 0 $53,104,000 $57,416,000 $53,089,000 $53,104,000 $57,416,000Total Impacts to Taxable Business Revenue 0 $135,998,000 $147,538,000 $135,964,000 $135,998,000 $147,538,000Source: Rhode Island Airport Economic Study (Wilbur Smith Associates, June 2006), RIDLT. ADE, IMPLAN.Note: Gains are not cumulative; represents the total economic gains, including those already created in the previous analysis years as a result of Alternatives B2 and B4.1 Includes direct and indirect impacts from on-Airport business activities, visitor spending and development of spin off-Airport-related business in the State.Since Alternative B4 includes a Runway 5-23 extension by 2015, this alternative would result in 80 percentgreater economic gains between 2015 and the end of 2020 than Alternative B2 because of the expeditedconstruction schedule (economic gains to begin in 2015). Potential economic gains for Alternative B4 between2015 and the end of 2020 would total $385 million in business revenues in the City of Warwick and $816 millionfor the State of Rhode Island, and $13 million in state tax revenue (sales and income taxes). This is beforeAlternative B2 would begin to generate economic gains at the end of 2020 due to the runway extension. By theend of 2020, Alternative B2, potential economic gains would total approximately $63 million in businessrevenues in the City of Warwick and approximately $136 million for the State of Rhode Island, andapproximately $2 million in state tax revenue (sales and income taxes).Economic ImpactsCommercial land acquisitions would result in displacement of businesses resulting in changes to employmentin the City of Warwick and in the State of Rhode Island. Alternative B4 would displace fewer firms and jobs(12 firms consisting of 59 jobs) compared to Alternative B2 (38 firms consisting of 309 jobs). Table 5-65 comparesthe direct and indirect economic impacts (job gains or losses) for Alternatives B2 and B4.Chapter 5 - Environmental Consequences 5-107 July 2011\\mawatr\ev\09228.00\reports\FEIS_Final_July_2011\PVD_CH05_Environmental_Cons_JUL_2011.doc