RECREATION & TOURISM
New recreation associated with Black Rock Reservoir would represent a twenty year spending potential of $1.28 billion. Land values are estimated over $1.273 billion. The twenty year net present value (NPV) of all cash flows for land and housing units is roughly $1.977 billion with commercial development of $.147 billion.1 Based on cash flow analysis to NPV, the twenty year revenues can bring a total current value of:
Travel and Recreation $1.280 billion
Residential and resort development $1.977 billion
Commercial development $ .147 billion
Total NPV of Revenue Stream $3.404 billion
1As reported by Mitchell Nelson Group, LLC in Recreation and Economic Development Analysis of Lands around the proposed Black Rock Reservoir. Recreation cash flows pg 41 & 42; land values pg 43; commercial development pg 44.
* See Recreation Study for more in-depth information.
|
