In 2004, on instruction from the City of Bossier City, the U.L. Coleman Company contracted with the Louisiana State University Shreveport Center for Business and Economic Research, for an Economic Impact Study relative to the Walker Place Development. Of special note is that the study focused only on the original 24.8 acres of the Walker Place Development. The economic impact of just the 24,8 acres over a ten year period was estimated at $500,000,000. The last paragraph of page ii states:
If the Bossier City Council had not derailed the Walker Place Development over a lone curb cut in August, 2006, Bossier City would have already received badly needed revenue for its woefully cash-strapped budget.
"The cumulative revenues expected to be received by Bossier City during the
five-year construction of the multi-purpose development are expected to be
$261,289,136. This amount could be reduced by $131,250 depending on actual sales taxable construction materials.It is important to note that approximately $259 Million of the expected revenues come from water and sewage which must be netted against the cost to provide water and sewage. The expected cumulative revenue before water and sewage is $2.411 Million from land acquisition, property taxes, and sales tax during the construction phase."
The full text of the Economic Impact study is HERE.