In the coming weeks there will be meetings and discussions concerning the purchase of land and paying the Tollway part of the expenses for a full interchange.
Many will be quoting the Hanson Study and the Rockford Register Star article [http://www.rrstar.com/news/x1503807470/Boone-tollway-land-swap-may-give-Irene-Road-an-I-90-ramp]regarding good paying permanent jobs that the interchange will bring. I think it is imperative that the public is aware of what the Hansen Study said and did not say. For that reason, I am reposting the Hansen study.
Below is the 11 page report Hanson Profession Services mentioned in the RRStar article.
The last paragraph of the Rockford REGISTER STAR article states:
“An economic impact study in 2010 by Hanson Professional Services estimated a full interchange would create up to 18,350 jobs within a mile of the project and add $2.4 billion a year to the economy, 20 years after completion”
This is very misleading—See page 3 of Hanson Report above: “The study does not attempt to answer whether development will or will not occur”….The study is based upon the assumption that development will occur” Read on what other factors are key to development.
The assumption of development is reiterated on Page 5. Note also that the impact results are based upon a continuation of the demographics of 2008.
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