What direct economic impact can we expect 751 South to have on Durham?
A. Based on economic studies conducted by AECOM, a widely-recognized consulting firm, 751 South is expected to generate an estimated $8 million in new taxes for the City of Durham and Durham County. The same research estimates 2,980 new jobs with an annual labor income of $154.2 million will result from 751 South. As we all know, new jobs will be required for our nation to have an economic recovery in the next few years. As noted earlier, SDD will make approximately $6.5 million worth of traffic corridor improvements and donate the improved land for school(s), a fire station and a sheriff’s substation. The value of these donations is estimated to be about $6 million. Also, the entire cost of the city’s expansion of sewer and water services to 751 South will be paid by SDD, not taxpayers.
