Economic Development Case Study
Irvingshan
EXAMPLEPA315EconomicDevelopmentCaseStudyGoodmanCenter1.pptxEastvale, CA
Goodman Commerce Center
Alejandro Zarate
April 23, 2018
PA 315
Professor Sharon Pierce
Goodman Commerce Center Eastvale
AGENDA
Introduction to the Economic Development Case
Identify the role government played
The economic impact to the community
Conclusion
Introduction
Eastvale, California
Incorporated in 2010
13.1 Square Miles of Territory
Historically predominantly dairy & agricultural area.
http://www.eastvaleca.gov/home/showdocument?id=889
Introduction
City Hall
Mayor Clint Lorimore Mayor Pro Tem Todd Rigby Council Member Joseph Tessari Council Member Brandon Plott Council Member Adam Rush
Population 61,151 (2016 Census)
https://www.census.gov/quickfacts/fact/table/eastvalecitycalifornia/PST045216
https://www.pe.com/2013/12/20/eastvale-five-have-applied-for-council-vacancy/
Why build in Eastvale?
Relatively new commuter city
Substantial undeveloped land
Economic incentives
146,000 new houses being built within 2 miles
Government Role
Builders Goodman & Oltman are building on 200 acres off of Cantu-Galleano Ranch Road and 15 Freeway.
Approved by City Council in 2014
Buildings include;
Amazon Fulfillment Center
Amazon Crossdock Facility
Business Park
Retail Center
Hotel
91 Bed Hospital
Costco (With car wash!)
Government Role
City Council of Eastvale signed on to offer the builders a $4.5 million tax refund with stipulations including;
$28 million dollars in infrastructure improvements
Costco would be retail anchor
Center must open by end of 2018
https://www.pe.com/2017/09/30/costco-inks-deal-to-open-in-eastvale-project/
Economic Impact
200 acre new development
$366 million property value
Will employ 4,000+ people
$28 million of public improvements
$1 million in tax revenue for city annually
155,000 cars per day drive this freeway section
http://us.goodman.com/property/properties-for-lease/goodman-commerce-center-eastvale
