Part 3/7:
Economic Impact and Revenue Generation
The development is expected to bring in approximately $3.9 billion in tax revenue, translating to about $850 million in annual taxes for the city and state. These figures are indicative of the project's enormous economic benefits, promising a significant boost to local and state coffers.
Beyond the revenue, the project is seen as a catalyst for urban renewal and gentrification, which has been met with mixed feelings. On one side, advocates emphasize the job creation and infrastructure improvements; on the other, critics voice concern over potential social costs and displacement.