Friday, August 2, 2013

UPDATE: 'City for Champions' jobs forecast

Posted By on Fri, Aug 2, 2013 at 5:38 PM

City economic development official Bob Cope says the jobs numbers submitted to the state on July 17 were not a revision but simply broke down the numbers in a different way. In short, to get the figure for permanent jobs associated with the City for Champions project, you add the "Total New Employees Generated" numbers for 2015 (189) and 2016 (566), and add them up.

click to enlarge 1374770467-screen_shot_2013-07-25_at_10.40.40_am.png











That equals 755, which basically matches the "Total New Employees Generated" number in the original proposal.

Cope says in an e-mail: "The point is that the job numbers provided in the supplement are consistent with those provided in the original application in table 5.6. There was no downward revision in the job numbers in the supplement. In the blog post there seemed to be an assertion that the Mayor was inaccurate or attempting to mislead which is patently false."

He goes on to say: "In the case of City for Champions I would argue that the most important jobs number of all would be the “catalytic” job creation that will be a result of spin off development such as new stores, restaurants and hotels. Also, creating a vibrant urban environment will attract additional young educated professionals and quality employers to our city."

Such catalytic job figures are not included in the city's submittals.

----- ORIGINAL POST, JULY 25, 1:50 P.M. -----

Mayor Steve Bach
's proposal to build four tourist attractions for $218 million would create 566 permanent jobs with an average annual income of $35,000 each, according to a recent filing with the state.

That prediction comes from the city's Potential Employment/Economic Impact Estimates, which the city submitted July 17 as a follow-up to its original July 8 application for state funding through the Regional Tourism Act.

And those figures are pretty different than the ones included in the original proposal.

As we reported this week, the city revised its visitor figures downward substantially from its original proposal, which we wrote about July 10.

Now, it appears that's not the only thing that's been revised.

The state Office of Economic Development and International Trade initially didn't release the jobs forecast but this morning sent us a copy, saying there was no reason to withhold it under the Colorado Open Records Act.

In the original application, the city and its "partners" claimed the four projects — downtown ballpark, Olympic museum, Air Force Academy visitors center and sports medicine center at UCCS — would "contribute 754 permanent jobs to the Colorado Springs region, resulting in annual income of more than $26 million."

Below is from p. 57 of the original proposal; the "Total New Employees Generated" item appears in the second-to-last section.

click to enlarge 1374770595-screen_shot_2013-07-25_at_10.42.45_am.png







































But here's the jobs forecast submitted to the state last week, with the "Total New Employees Generated" number near the bottom of the "2016" column:
click to enlarge 1374770467-screen_shot_2013-07-25_at_10.40.40_am.png



Here's a PDF of that table:
Jobs_table.pdf


As you can see, quite a difference. Here's another table, on Page 58, that the original application said represented employment by occupation. These numbers reflect both permanent and construction jobs:

Screen_shot_2013-07-25_at_10.47.07_AM.png

On Page 22, for example, the original application says "479 new jobs will be created" by the downtown ballpark/events center. But in the table submitted to the state last week, the job total is 240.

The state Economic Development Commission will make a decision on whether to allocate $82 million in state sales tax money to the projects before the end of the year.


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