Report says Downs project to provide fiscal benefit to Scarborough

SCARBOROUGH — During a fiscal impact presentation of The Downs on Sept. 30, developers said that the project provides a significant benefit to the town and will continue to show this in the next few years. Funded by The Downs and conducted by economic development consultants Camoin 310, the analysis, covering a timeframe from 2019 through 2023, showed that The Downs provides a significant fiscal benefit to the Town of Scarborough, which will continue to increase over time. In the five-year period, the annual net fiscal impact of the Downs on the Town of Scarborough is projected to grow to $2.6 million, said Jim Damicis, senior vice president of Camoin 310. For full article see source Source: https://www.pressherald.com/2020/10/09/report-says-downs-project-to-provide-fiscal-benefit-to-scarborough/