Business & Tech
Letter to the Editor: Community Should Support Pete's Harbor Development
The author, Judy Sullivan, says the proposed development has significant value and will make a positive economic impact on the city.
Dear Editor,
The people of Redwood City should support the proposed residential community at Pete’s Harbor. It is a well planned, thoughtful, modern and environmentally- conscious design, and to me the project has positive, significant value and economic impact.
This development will generate over $1.1 million in “impact fees” directly to Redwood City schools plus over $2 million in annual property taxes for Redwood City, the school districts and the county. These funds will help to provide the services for our need- schools, library, parks, fire, police, streets and more. During construction of the RWC Harbor Communities project, hundreds of jobs will be created, and about 40 permanent jobs will be generated once the project is complete. When looking at the longer term economic impacts, this project will inject an estimated $220 million into the regional economy as the residential community and public facilities are built. This is a huge positive economic impact and it is clear to me that we truly will benefit from this project as it moves forward.
Sincerely,
Judy Sullivan
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