River Islands – Planned Community Fiscal Impact & Feasibility Analysis
For Califia, Brion Economics developed a detailed fiscal impact analysis (FIA) and other feasibility studies for the 15,000 residential unit and 5 million sq. ft. River Islands project located in Lathrop, CA. BEI has worked on the River Islands project since 2007 and continues to provide important fiscal impact analyses (FIA) regarding the City’s ability to fund public services associated with the project. In 2013, our analysis was used to negotiate an amendment to the project Development Agreement and the project Reimbursement Agreement with the City. Also, based on the FIA, special tax assessments were proposed for City services not covered by project annual revenues. BEI works with both River Islands and the City to complete a true-up each year and evaluate the project’s payments to the City to cover operating shortfalls.