Economic Impact

Between the win-win scenario of job stimulation, an increase in real estate values, new property development and an increase in the tax base, what’s not to love about the river improvements project? Those benefits, plus an estimated $12.5 million annual tax benefit for the City of San Antonio from the construction of the linear park, makes this an economically beneficial project from end to end.

The San Antonio River Foundation commissioned Austin-based international consulting firm TXP Corporation to examine the economic impact and community development possibilities resulting from the $250 million San Antonio River Improvements Project (SARIP). Among the 2006 study’s findings:

• The local tax base will increase significantly because of new land use, including residential, office, retail and hospitality.
• More visitors spending more dollars are likely to be attracted by the linear river park extending the River Walk concept.
• An improved quality of life also will attract new residents and strengthen our work force.
• 10,000 new permanent jobs will be created at project “build-out.”

View the complete TXP Corporation SARIP Economic Impact Study

The San Antonio Convention & Visitors Bureau commissioned a 2008 study of the economic impact of the city’s hospitality industry. The report notes the economic impact of that sector increased more than 70% from 1998 to 2008 to $11 billion as it employs 1 out of every 8 workers in the metropolitan area.

View the complete CVB 2008 Economic Impact Report