Study: Energy Tower Could Bring Over $2 Billion To Local Economy 8/28/13
August 28th, 2013
"I think it's crazy," said Royjean Barbour, a Midland resident.
Opinions on the tower are varied. Some love the idea and others think the city is in over its head.
"You know, if you're going to use that phrase that's what we're all about," Councilman Michael Trost.
Trost says Midland needs to be ambitious and the tower will support the booming economy.
"I like that someone from outside of midland has faith in our city and our future," said Julie Edwards, a Midland resident.
According to a study conducted by Angelou Economics, the Energy Tower would bring over 1600 jobs annually and over 125,000,000 in tax revenue in the first ten years.
Those projections assume construction would take two and half years and the building would be 60 percent occupied the first year, and 90 percent occupied by 2019.
"I donít think it's unreasonable," Trost said.
Some residents CBS 7 talked to in Midland don't think those projections will hold true and are worried that the construction will disrupt downtown.
"It's first of all going to be a nightmare parking while it's under construction...the traffic is going to be awful," said Kasey Vasicek, who works downtown.
Below is a link to the economic study.