| 2008 Capital Projects |
 |
Acreage (vacant and/or in-use) Now Being Deveoped |
|
Total Square Footage of Project |
|
Capital Investment |
|
Part-time Construction Jobs |
|
Long-term Permanent Jobs |
|
Annual Economic Impact |
|
New Development |
|
Local, City & State Tax Impact |
|
| Terrace Development LLC |
|
4Acres |
|
180,000 sq. ft. |
|
$8 Million |
|
35 |
|
100 |
|
Estimated 10 operating companies generating at least $10 million in sales |
|
"Turnkey" Industrial / Warehouse Space in Empire Zone |
|
$2.5 Million |
|
| Staten Island Terminal LLC |
|
7.5 Acres |
|
31,500 sq.ft. Pier & Trestle Structure (marine)
38,600 sq.ft. Building & Storage Dome |
|
$35 Million (Additional $8 Million For Scara Mix Relocation to Union Avenue) |
|
75 - 100 (Full retention of Scara Mix's Jobs) |
|
50
(20 FT - 30 PT)
75 truckers |
|
|
|
Dry Aggregate / Cement Distribution Facility Relocation of Scara Mix to Union Avenue property will increase capital investment |
|
$10 Million Annual Operating Expenses Additional Tax Revenues based on $50 - $60 million gross sales |
|
| Atlantic Salt (US Gypsum Site) |
|
4.5 Acres
(Port Infrastructure)
3.5 acres
(Building removal & Terminal Rejuvination) |
|
196,000 sq. ft.
152,000 sq. ft. |
|
$15 Million |
|
50 - 75 |
|
60-85
(10 - 15 Atlantic)
(50 - 70 Contract) |
|
Dozens of maritime support and construction industries strengthened by terminal rejuvination |
|
Redevelopment of site including:
WEST END - Port infrastructure efficiency improvements
EAST END - Building removal & marine terminal rejuvination |
|
Neighborhood-wide quality abd value increase with removal of un-used factory buildings and property improvements.
Restored salt-marsh ecology at Old Creek Place S.I. through environmental enhancement investment |
|
| ARUP |
|
12 acres |
|
1,494,000 sq. ft. |
|
$300 Million |
|
250 - 500 |
|
50-100 |
|
|
|
Entertainment / Retail / Residential Development |
|
|
|
| South Shore Outlets |
|
25 acres (17 upland) |
|
1,276,699 sq.
ft. 385,000 sq. ft.
(Gross Lease Area) |
|
$120 Million |
|
800 |
|
800 |
|
Development of additional modes of transportation through contracted private bus lines and potential ferry services |
|
Retail Outlet Center with lifestyle component along waterfront adjacent to Outerbridge |
|
Total of $190 Million in retail sales
(120 million in retail sales is projected to be attracted into NYC)
$21 Million Payroll |
|
| Totals |
|
57.5 acres |
|
3,369,299 sq. ft. |
|
$484 Million |
|
1,535 |
|
1,205 |
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
