CASA GRANDE – The motor sports park under development near Casa Grande is projecting to create more than 13,000 jobs, many of them in the construction phase.
Danrick Builders has recently released information on what type of economic impact the park, known as Attesa, would have in Pinal County. According to the company’s economic study, Attesa is projected to employ 13,331 full- and part-time employees in commercial and manufacturing jobs.
Forty full-time employees are expected to operate the park’s racetracks and another 250 would be hired part-time to assist with racing events.
Another 1,722 jobs are expected to be produced indirectly in Pinal County and total economic activity would average about $1.8 billion per year.
The study was conducted by Elliott D. Pollack & Company, a Scottsdale firm, and had been in the works since May 2016 – shortly before Danrick Builders announced its plans to build Attesa on 2,510 acres near Montgomery and Hanna roads.
Not only would Attesa spark “significant benefits” to Pinal County, according to the report, but the park would attract outside events and attractions to the region.
Total spending on overnight and day trips to Attesa is estimated to produce $40 million annually and $476,400 in tourism taxes for Pinal County.
“Pinal County is very proud to be the location for Attesa,” said Tim Kanavel, Pinal County economic development manager, in a press release. “This economic impact study validates all our efforts toward locating this remarkable automotive R&D and motor sports community here.”
In terms of taxes, Pinal County is projected to receive $12.2 million in construction sales taxes and $19.5 million through revenues generated by the racetrack after completion.
The state is estimated to receive over $90 million in tax revenue through the project.
Attesa is marketed as a one-of-a-kind automotive facility that would combine recreational and commercial racing in one place. The park is expected to feature two racetracks, an airstrip, a hotel and convention center.
Constructing the park is estimated to cost about $1.1 billion, and 9,565 jobs would be created during construction.
“We were pleasantly surprised with the report’s findings,” said Pat Johnson, president of Danrick Builders, in a press release. “It shows we’re on the right track with Attesa on all fronts. Casa Grande and the state are going to begin benefiting the day we break ground and the impact is only going to grow going forward.”
The Pollack firm relied on industry standards to compute the economic impacts of constructing the park and utilized current information, estimates and assumptions – all of which are subject to uncertainty and variation, as stipulated in the report.
The study’s findings are considered “conservative” since some changes were made to the park’s master plan since the study was completed in October 2016. For example, the amount of space for residential uses has been reduced by about 100 acres and the park’s plaza expanded by about 900,000 square feet.
It is assumed Attesa will include up to 1,195 residential units, according to the report. Danrick Builders is going through the entitlement process with Pinal County and is aiming to break ground this fall.
Dan Erickson, manager of Danrick Builders, mentioned in a press release how the region would change due to Attesa and other local developments like Lucid Motors and PhoenixMart.
“Add it all up and it looks like Pinal County is going to be one of the biggest economic engines in the Southwest for the next few decades,” Erickson stated.