Hi again Implan community,
I have a project that is brand new to me today about finding the impacts of construction and ongoing existence of a mixed use development.
the Development will include: Manor Homes, Brownstones, Estate Homes, Multifamily Homes, Office, Retail, and Parking structures.
What I am looking to understand right now is what data I need to request from our client. We will be meeting early next week.
As far as construction goes, the plan is to run a industry change activity.
I would need to request total cost numbers for the construction of each type of development and hopefully employment numbers as well.
Is there anything else I would need to do to account for the impact of construction?
What are the sectors I need to use for these kinds of developments? Do they differ between the different kinds of housing developments?
Where I am quite uncertain is how to run an impact analysis for new housing.
I suppose I should ask the client where they believe the new residents will come from. If they come from inside the study area how does the process differ from if they are coming from within it as far as putting together an activity?
The impacts of retail and office make a bit more sense to me.
Retail: I will need to know projected sales revenue and employment for the retail event, and i'll be running an industry change.
Office: Another industry change event? Industry Sales input being Labor dollars (I'd like to understand a bit more about why that is the case if I am correct here)?
For both retail and Office, do I need to alter anything about the input for proprietor income?
Parking structure impact:
Another Industry change where the Industry sales is just whatever projected income they have for the structures? This one seems deceptively simple. Am I missing anything here?
Event year is the year of the dollar value the client provides.
Is there any other data I need to know?
How would you suggest I report my findings on this? Construction Impact separate from ongoing function impact makes sense. Would it make sense to do a total construction impact by development type summary, and then an annual impact of the development, although how I establish that I am unsure.
Sorry for the basic level questions, this project is brand new and is going to need to be completed very quickly so I have not had time to digest and come up with more thoughtful questions.
Thank you so much in advance!