City Creek Center may mean shopping and food for residents, but its economic impact extends into millions in tax revenues, thousands of jobs and a new draw for conventions.The Cheesecake Factory has been full since opening Thursday, selling 1600 slices of its namesake cheesecake on opening day.
Since the project was announced in October 2006, approximately 4,000 jobs were created, mostly in the construction field. Now, with that completed, about 2,000 positions will remain. The Cheesecake Factory opening itself created 265 new jobs.
projected economic impact
KSL
- $1 million a year estimated tax revenue
- 4,000 jobs were created since Oct. 2006
- 2,000 positions will remain
- 265 new jobs were created by the Cheesecake Factory
- $1,000 is spent by the typical convention attendee
- $5 million in economic impact per 5,000- person convention
