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Environmental Impact Report Alternatives Assessment for the proposed Lodi, Cal&m1a,Love's Travel Stops Profect Memorandum January 28, 2013 Property tax revenues generated at Project buildout for the County's General Fund, including property tax, property tax in lieu of vehicle license fee revenue (PTIL VLF), and property tax in lieu of sales tax revenue (PTIL ST). Sales tax revenues generated at Project buildout for the County. Economic Impacts: One-Time Construction Impacts This memorandum presents the estimated economic impacts generated in the County during Project construction, including output (new dollars in the local economy), employment, and income generated. It Is important to note the construction impacts estimated (shown in 2012 dollars) do not reflect annual Impacts and reflect impacts produced over the entire construction period.? One-time economic impacts are generated by Project construction-related spending on goods and services. As such, the duration of these impacts Is limited to the construction period of the Project and reflects direct impacts (changes in the specific industries being analyzed) and indirect impacts (changes in inter-industry purchases). Because construction activities result In only temporary increases to economic activity, Project construction is not anticipated to create new resident employees and therefore new (induced) household expenditures in the local economy. Thus, total impacts do not include induced impacts to avoid overestimation of economic impacts associated with temporary increases to economic activity.8 Table 3 shows a summary of the estimated one-time impacts generated by construction of the Project in the local economy (County). As shown, an estimated direct construction investment of $7.1 million is estimated to create about 45 jobs over the duration of the construction period? Indirect economic impacts are estimated to equal approximately $1.6 million and create about 10 jobs. Combined, the economic impacts of Project construction activity are anticipated to 7 This analysis uses the IMPLAN software package and IMPLAN county database to calculate economic multipliers for the County. The software and model data Is used by economists and planners to generate economic multipliers for hundreds of specific industries in counties and states or combinations or counties and states throughout the nation. The IMPLAN software generates a model of the industrial structure and household profile for the County (local) economy, which in turn determines the extent to which spending by retail stores, hotels, office firms, or households Is captured and recirculated in the local economy, rather than being allowed to"leak"outside of the County. In general, a more structurally diverse economy will capture and recirculate spending and will generate a larger economic multiplier. The most current available IMPLAN model data for the County is from 2009; as such the Analysis' results are adjusted to reflect 2012 dollars. The smallest geographic boundary for which IMPLAN data are available is the county; therefore, this Analysis represents the potential Impacts In the entire County, including all the cities located in the County. 8 MIG, Inc., 2004. IMPLAN Professional Version 2.0 Analysis Guide. 9 Direct construction costs exclude soft costs (e.g., architecture, engineering). Instead, these costs are captured in the indirect outputs. Economic&Planning Systems,Inc. 7 P:iII1800vUI]151L0vesTi0c48GpifPS fpro111315t m10}18-11.d EXHIBIT I