1. Transportation = Economic Development The Ridgefield Interchange Project Annual Conference of the Washington State Good Roads & Transportation Association September 18, 2009 Justin L. Clary, P.E. City Manager City of Ridgefield, Washington
18. Return on Investment Study - Results Stimulated Development (20-Year Projection) $222,651,000 4,796 $ 471,010,000 Total Stimulated Development $39,702,000 1,552 $ 129,820,000 Retail $ 128,354,000 1,938 $ 114,620,000 Office (Professional & Technical) $ 18,146,000 562 $ 90,240,000 Warehousing $ 36,449,000 774 $ 81,450,000 Manufacturing - - $ 54,880,000 Residential Annual Wages Jobs Cost (NPV) Type of Development
19. Return on Investment Study - Results Estimated Government Revenue (through 2028) 100% $ 509,200,000 Total Government Revenue 3% $ 15,540,000 Clark County Fire & Rescue 3% $ 15,500,000 Ridgefield School District 10% $ 53,100,000 City of Ridgefield 6% $ 30,110,000 Clark County 30% $ 151,500,000 All Local Agencies Revenue 2% $ 9,240,000 Interchange Transportation Benefit Dist. 1% $ 3,640,000 Fort Vancouver Regional Library less than 1% $ 1,230,000 Port of Ridgefield 5% $ 23,090,000 C-TRAN 70% $ 357,700,000 State of Washington Share 2008 NPV Jurisdiction
20. Return on Investment Study - Results Direct Return on Investment $47 to $1 - - Economic Stimulus - $29.81 $342,700,000 State $16 to $1 - Private:Public Investment Ratio $37.72 $ 35.40 Payback Ratio (Benefit/Cost) $474,950,000 $ 51,600,000 Net Present Value Benefit-Cost All Public Ridgefield