Controversial Mall will not Boost Jobs or Revenue, Study Concludes
The content that follows was originally published on the Institute for Local Self-Reliance website at http://www.ilsr.org/controversial-mall-will-not-boost-jobs-or-revenue-study-concludes/Developers of a massive shopping center in Leominster, Massachusetts, claim the project will create 869 new jobs and boost the city’s property tax revenue by $400,000 annually.
But a study by a nationally recognized land use economist has found that the development will destroy about as many jobs as it creates and provide the city with only $51,000 in additional revenue. To put that into perspective, if the new revenue were used to cut residential property taxes, each of the city’s 17,000 households would save just $3 annually.

