A consultant hired by the town estimated Thursday at a Planning & Zoning Commission meeting that the 40-acre Gales Ferry Intermodal site being considered for a quarry application would eventually contribute more than $1 million a year to the town’s tax base. Donald Poland of Goman + York in East Hartford cited the impact of the proposed construction of three buildings totaling 26,000 square feet on the former Dow Chemical site off Route 12 within the next 13 years. “When the development is stabilized in year 12, the site is projected to be net positive by approximately $1,064,192,” according to Poland’s slide shown Thursday. He added that the quarry project would lead to an estimated 77 full-time-equivalent jobs on a temporary basis and 130 permanent full-time jobs in the region. The effect would create an extra $7.6 million in revenue in the region, he said.
https://www.theday.com/local-news/20241114/analyst-controversial-ledyard-quarry-project-will-eventually-create-1m-in-tax-revenue/