Economic Analysis, Portland ME Waterfront

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Comparative Schedule Reflecting Combined Financial Impact to Three (3) Wharves LONG WHARF, FISHERMAN'S WHARF & UNION WHARF Current NMUOZ Zoning

Proposed Revised NMUOZ Zoning

Net Difference

Total Annual Real Estate Tax Revenue Potential Created by New Development

$2,118,238

$939,505

($1,178,733) Less Available Annually or 55.64% Loss

Total Annual Revenue Available to Fund Waterfront Capital Improvement Zone (T.I.F. District)

$1,853,038

$644,173

($1,208,865) Less Available Annually or 65.2% Loss

Total Funds Required for Marine Infrastructure Improvement

$5,383,317

$1,962,123

($3,421,194) Less Required Marine Investment or 63.55% Loss


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