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DOF says $800M Vibrant Denver package could generate 1.8 multiplier and roughly 1,100 jobs per year

Geo Bond Working Group, Denver City Council
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Summary

DOF presented an economic impact model claiming a conservative 1.8 multiplier for an $800M package, an estimated 1,100 jobs per year, about $400M in wages, and roughly $28M in sales tax revenue; staff said the model used generic project buckets and was validated by CU Boulder.

The Department of Finance told the Geo Bond Working Group the economic modeling for an $800 million Vibrant Denver bond shows notable local economic effects even when modeled conservatively.

DOF said the model was developed with AGC and validated by researchers at the University of Colorado Boulder. Using…

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