New Community Will Provide Major Economic Stimulus: Jobs and Needed Investment

According to the Fiscal and Economic Impact Report released by the City of Los Angeles, Hidden Creek Estates and Preserve can generate significant economic benefits to the West Valley:

Investment and Job Benefits

$169 million in new assessed value to the city
3,800 total jobs for construction phase -- over its build out
Net annual revenue surplus to the City -- after its build out

Economic Activity and Earnings Increases

$573 million in new, additional economic activity created
$247 million increase in workers’ earnings

Further, according to the study conducted by DPFG, a national economic planning firm, Hidden Creeks Estates & Preserve can generate significant TAX BENEFITS, including:

New Tax Revenues

$3.3 million in additional annual property taxes
$1.4 million in additional annual sales taxes

New School Fees

Nearly $4 million in new schools fees to support local schools