Old Bisbee High Lofts Project Economic Impact*
Property Tax - 1st 10 years $864,000
Project local spend 1st 10 years $3,482,523
Short and long term city rental tax - 1st 10 years $2,080,000
Construction Tax $792,000
Total estimated City of Bisbee - Cochise County taxes for 1st 10 years. $7,218,523
Indirect economic impact. 11,483 annual visitors. Average spend $50.00 each. 1st 10 years $5,741,500
TOTAL ECONOMIC IMPACT 1st 10 years. $12,960,023
Project expected to generate approximately 35 full time employees for duration of the construction period.
Project would require approximately 27 hotel and vacation rental rooms per week for workers traveling from out of town.
* The numbers above are estimates based on currently available data.