Economic Impact

ECONOMIC VITALITY FOR ALL OF CHICO

Today, Chico is widely regarded as the economic, educational, cultural, medical, social, and entertainment hub of the northern Sacramento Valley. Valley’s Edge will complement this status by providing well-planned land with multi-generational, recreational, educational, work, and natural open space, as well as places for homeowners and renters to live in a broad range of housing types, lifestyles and affordability levels.

Valley’s Edge implements the goals, policies, and actions of Chico’s General Plan 2030, including a desire to foster job creation and economic development through construction, maintenance and operation of infrastructure, housing, commercial and public uses.

By balancing preservation of existing land and its economic value with sound incremental ecological development, Valley’s Edge will foster an environment which attracts public and private investment in support of families and local agencies, local businesses, local job creation, and economic vitality for the community at large.

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ANTICIPATED ECONOMIC
IMPACT BY THE NUMBERS

Development Costs:
Construction Costs: $1+ billion
Impact Fees Collected: $75+ million

Positive Economic Boosts:
New Jobs: 800+
Annual Property Tax Increase: $10+ million
Annual Financial Injection to Community: $80+ million