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Economic Impact

751 South is unique in regards to the amount of land being donated by the developer for civic sites. Southern Durham Development is donating land for up to two schools (elementary and middle), an EMS/fire station, and a sheriff’s sub-station (at a total estimated value of $6 million). According to an economic analysis conducted by ERA/AECOM, formerly Economic Research Associates. 751 South will generate an estimated $8 million in new tax revenue for the city and county and create an estimated 3,000 new jobs.

The economic analysis of 751 South was completed by Economics Research Associates (now AECOM Economics), which is an international consulting firm concentrating in economic analysis related to urban planning, economic development, real estate markets and entertainment and leisure. The firm was founded in 1958 by research economists at Stanford University who were engaged by Walt Disney to perform the economic feasibility of and the best location for Disneyland, the first theme park in the world. In the ensuing 50 years, the firm has built a global consulting business, completed nearly 18,000 assignments and made important contributions to some of the world’s most innovative and successful projects and planning policies. The firm has offices in New York, Washington D.C., Chicago, Los Angeles, San Francisco, San Diego, Denver, Raleigh, London, and Hong Kong.

751 Economic Impact Analysis