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SCORE Economic Impact Analysis

public costs, the majority of which being pollution Exhibit 5-3: Estmated SCORE Employment
costs. Other significant contributors include leisure Impacts (2020-2028)
time, safety costs, and vehicle operating costs. The
last being “motor vehicle fuels, lubricants, fluids, 40,000
maintenance, and repair”. Assuming funding is 30,000
immediately achieved, and the project is completed 20,000
2028 prior to the Olympics, the savings would be 10,000 II •• I I
nearly instantaneous upon completion . Aside from -
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being the socially responsible choice, investing in Direct Indirect Induced
infrastructure now economically reduces the future
burden the state and taxpayers face in pollution, Estimates: LAEDC ■ Early Completion ■ MidTerm
safety, and vehicle operating costs as well as the time
invested in those activities.

Exhibit 5-4: Estimated Economic Impacts for SCORE Early Completion and Midterm Projects for the Five-County Region
Employment Labor Income Value Added Output
Year

2020 13,400 $ 857,100,000 $ 1,293,500,000 $ 2,239,600,000

2021 13,400 $ 857,100,000 $ 1,293,500,000 $ 2,239,600,000

2022 13,400 $ 857,100,000 $ 1,293,500,000 $ 2,239,600,000

2023 23,400 $ 1,489,900,000 $ 2,248,500,000 $ 3,893,100,000

2024 9,900 $ 632,800,000 $ 955,000,000 $ 1,653,500,000

2025 9,900 $ 632,800,000 $ 955,000,000 $ 1,653,500,000

2026 9,900 $ 632,800,000 $ 955,000,000 $ 1,653,500,000

2027 9,900 $ 632,800,000 $ 955,000,000 $ 1,653,500,000

2028 9,900 $ 632,800,000 $ 955,000,000 $ 1,653,500,000

Total 113,100 $ 7,225,200,000 $ 10,904,000,000 $ 18,879,400,000
Estimates: LAEDC

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Institute for Applied Economics 13