|
Economic Impact Report
In 2010 an Economic Impact Analysis of rehabilitating Schell Bridge for recreational and pedestrian use was completed. Such a study assesses how the rehabilitation and subsequent visitor spending would benefit the local and regional economies, through increased economic activity such as job creation, additional business activity, and other economic endeavors of various kinds.
The Center for Economic Development at the University of Massachusetts was commissioned in the summer of 2010 to conduct this study, and the final report completed in the spring of 2011. The results indicate a regional (county level) benefit on the order of $6,400,000 due to the construction phase of rehabilitation and a conservatively-estimated $840,000 per year in visitor spending during the first decade after the bridge is reopened.
|
|