This is from table 25 on page 31 of the Hunden Study that the Winnecke Administration paid over $100,000 for.
Net New FTE Jobs Actual
From Direct 41 (at the hotel)
From Indirect 14 (contractors working for hotel)
From Induced 15 (at other businesses in the downtown)
The obvious question is given that the 41 direct jobs projected that the hotel will create at stabilization which is defined as 3 years after opening where did Mayor Winnecke come up with his claim of 250 jobs at the hotel? After all his claim is a mere 510% higher than the study he paid over $100,000 for projected.
Hunden also estimated the jobs that will be created by the construction project and once again Mayor Winnecke’s claim of 800 is not based on this expensive study, it is from la-la land. Assuming an 18 month construction time the 414 job years projected by Hunden would translate into 276 full time equivalent jobs for a period of 18 months. Mayor Winnecke’s claims are 189% higher with no corroborating study to back them.
From the Hunden Study.
“For the 240-room limited service plus model, the total impact from materials spending is projected to be $23.2 million. Earnings are projected to be more than $32 million, leading to 414 job-years, or one job for one year.”