Client: BL 2030 Corporation
GG+A was retained to prepare an economic and fiscal impact analysis of the tourism vision for the Buckeye Lake Region 2030 (BLR 2030) Initiative that aims to restore and reinvent the Buckeye Lake in Fairfield, Licking, and Perry Counties in Ohio following completion of the new dam in 2019.
GG+A translated the community vision into estimates of the amount of residential and nonresidential space potentially built and the number of households and visitors attracted to the area. GG+A compared the estimates associated with the implementation of the vision to estimates of future growth under the status quo to identify the incremental addition of households visitors and building space (including vacation cottages, bed & breakfast, limited service hotel, and full service hotels, retail, eating and drinking facilities and residential uses) attributable to implementation of the vision.
GG+A used an economic impact model to estimate the direct, indirect, and induced economic impacts in terms of jobs, (by economic sector), earnings, and output associated with the implementation of the vision related to lodging, visitor spending, and residential growth and spillover demands for the Buckeye Lake area. GG+A obtained tax rate information and presents an estimate of the fiscal benefits that the tourism vision is likely to have on the local municipal and county treasuries. The fiscal benefits estimated include those related to property tax, sales tax, and lodging tax.
GG+A prepared a report and “information graphic” used to inform political leaders and stakeholders of the economic and fiscal ramifications of the vision to enhance Buckeye Lake.
The study and related press releases can be found on the Buckeye Lake 2030 website.