Economic and Fiscal Impact Analysis – Brookhaven Rail Terminal

NorthPoint Development, LLC proposed an industrial real estate development project located south of the Long Island Expressway in the Town of Brookhaven. The proposed project included the construction of four rail-served industrial buildings totaling approximately 2.5 million square feet. The developer requested an economic and fiscal impact analysis from MRB Group to enumerate the impacts of the Project on the Town of Brookhaven, Suffolk County, the South Country Central School District, the Longwood Central School District, and other affected taxing jurisdictions. 

MRB Group assessed the economic and fiscal impacts of the Project, including both the one-time construction phase impacts as well as the ongoing impacts of the operation phase once the Project is complete and future industrial tenants occupy the Site. The economic impacts considered in this analysis included the direct and indirect jobs, wages, and sales created by the Project. The fiscal impacts included one-time and ongoing new sales tax revenue created by the Project as well as revenue to be received by the various taxing jurisdictions under a presumed Payment in Lieu of Taxes (PILOT) agreement between the Developer and the Town of Brookhaven Industrial Development Agency (IDA).  

RESULTS  

MRB Group’s comprehensive analyses measured the full economic and fiscal impact that the proposed development would have on the area’s economy and local government finances. Our results enabled the developer to inform the community of the full extent of benefits provided by the project.

Big Idea

Analyze the impact the proposed development would have on the area’s economy