City Gate West Economic Impact Analysis

Project Highlights

• Completed an economic analysis that examined financial impact (costs vs. revenues) to the City of Naperville and the School District
• Market profile of the study area
• Analysis included population estimates, employment estimates, comparable developments and a project valuation
• Deliverables: Economic Analysis Report summarizing the analysis and findings and a dynamic spreadsheet with corresponding analysis data

Teska Associates undertook an economic impact analysis for the proposed City Gate West mixed-use development, which includes 400 luxury apartments, seven restaurant/retail pads, a small strip center, two hotels (220 hotel rooms), a Whirlyball facility, and approximately 22,000 square feet of medical office spaces. The development is proposed for a 100-acre site northwest of the Route 59 and I-88 interchange in Naperville.

The proposed City Gate West development is estimated to have a net positive impact on the City of Naperville of approximately $500,000 annually and is estimated to produce over 500 full-time jobs, plus 334 jobs during the construction process.