Developments to bump Q.C.’s sales tax receipts 37 percent
January 17th, 2008, 4:17 pm · Post a Comment · posted by David Woodfill
A $5 million bump in annual sales tax receipts may sound like a paltry sum to many big city officials.
But for the small Town of Queen Creek, the $5 million they expect to net from two new retail projects represent a 37 percent boost.
Queen Creek Marketplace and Cornerstone at Queen Creek – both located along Ocotillo Road at the corners of Ellsworth and Rittenhouse roads respectively – will raise the town’s annual take about $13.5 million to $18.5 million annually, said the town’s manager, John Kross.
The projects’ openings will represent a watershed moment for a town with no major shopping centers. Currently, area residents must travel up to nine miles to shop for their daily needs, developers and town officials said.
Together, the Marketplace and Cornerstone will usher in 1,380,000-square-feet of retail space and provide up to 600 jobs.
