Posts Tagged ‘Rosemont Copper’
Tale of the tape: tracking the numbers that make a difference in Tucson By Joe Higgins and Chris DeSimone – Inside Tucson Business
The tale of the tape, here are numbers we’re watching and so should you:
200,000 – the number of residents in Pima County, or one out of five, who try to get by on incomes below the federal poverty rate, according to a report in the June 23 Tucson Weekly that starts out: “If poverty were a disease, Pima County officials would have declared an epidemic by now.” It amounts to less than $10,890 annually for an individual or $22,350 for a family of four.
$4.68 per $100 of assessed valuation – Pima County’s combined primary and secondary property tax rate for this year, which was up an average 2 percent despite declining property values. Your neighbors in Maricopa County paid $1.05 per $100 of assessed valuation. What do we in Pima County get for the four times more we pay?
95 out of 101 – Tucson’s ranking as a place to business by the Dow Jones news service MarketWatch. Detroit surpassed Tucson.
165 out of 200 – Forbes ranking of Tucson as a market for business and careers.
2 – Tucson’s ranking on the list of cities with declining average home values, down 18.2 percent, since the second quarter of 2010. Only Columbus, Ohio, dropped more, 19.2 percent. Detroit was down 12.6 percent.
$4,000 per day – the estimated cost to subsidize a planned four-mile trolley from University Medical Center through downtown to some dirt lots on the west side of Interstate 10, according to Tucson City Councilman Steve Kozachik.
$13 million – the amount of money moved from the city’s pothole fund to build a bridge over the Santa Cruz River for the new trolley’s rail. The cost to resurface a road is about $500,000 per mile and more than 60 percent of city roads are in poor condition.
$87.50 – the cost of a case of duct tape to patch railing at the Tucson Convention Center. Despite collecting facilities fees on every event at the center, the fund those monies went into was swept by city officials to be spent on operations, including $187,000 salary and a car for the previous director. And to think some were pushing to spend $200 million on a hotel to support the decrepit convention center.
$475,000 – the base salary for Michael Crow, president of Arizona State University. Under Crow’s leadership, ASU has not only eclipsed the University of Arizona in size but its ability to raise money by convincing donors it is a top tier university and valuable resource to the state.
0 – the number of Republican candidates names on the ballot for Tucson mayor this year.
$29.1 billion – the total gross domestic product for the Tucson region. It’s $187 billion in Phoenix.
40 percent – the expected increase in Pima County wastewater fees over the next four years to bring processing fees into compliance with U.S. Environmental Protection Agency standards county officials have known about for more than a decade.
$8 million – the increase to the Sun Tran budget from the City of Tucson, raising the total subsidy to $39 million. Meanwhile, police, fire and street maintenance were cut by a combined $25 million.
21.8 percent – the increase in tourism revenues in the Tucson region since 2000. Statewide, tourism revenues are up 41.4 percent and the Phoenix area was up 49.7 percent. Tucson can’t keep up with its place in the sun.
Top 25 – A list in the March issue of Travel + Leisure magazine that includes Tucson as one of the “World’s Most Underrated Travel Destinations.”
5 years – the length of time Tucson Regional Economic Opportunities has been promoting economic development for our region.
62 – the number of dignitaries who showed up last month at ribbon cutting ceremonies at Raytheon Missile Systems’ new production facility at Redstone Arsenal near Huntsville, Ala. The list included U.S. Sen. Richard Shelby, R-Ala., who could wield some influence in Raytheon’s way as a member of the defense subcommittee of the Senate’s powerful Appropriations Committee.
300 – the number of jobs Raytheon Missile Systems is adding in Alabama at the new $70 million, 70,000-square-foot missile intergration facility. Taylor Lawrence, president of Raytheon Missile Systems, was quoted at the ribbon cutting, saying the plant there “was the best business decision for us because of all the incentives and the integrated approach that the state brought to supporting this facility.” He also said, “We see it being part of our integration facilities for many, many, many years in the future, and to support next generations” of missiles
7 months – the time it took Joe Higgins (one of the two writers of this column) to lease a 1,200 square foot retail space to Goodwill in a building inside the Tucson city limits. The use required a neighborhood meeting, zoning commission approval and a vote by mayor and council. (Aside from Joe: Guess how many more retail developments I want to do in Tucson in the future?)
$600,000 – the original contract for the Scott Avenue improvements near downtown. Costs jumped to more than $9 million as a result of change orders that included lighted sidewalks and an orange phoenix or griffin piece of art. One of the original four Rio Nuevo board members was the owner of a bed and breakfast on Scott Avenue.
$1 – the amount of rent paid to the city for the old downtown fire station by the Museum of Contemporary Art (MOCA), which is in the Rio Nuevo redevelopment district. One of the original four Rio Nuevo board members is MOCA’s executive director.
$5 billion – the investment Intel is making in Chandler to build a new chip manufacturing plant, adding 1,000 new jobs. The same week that announcment was made, Tucson’s announced was the arrival of 400 new call center jobs.
300 and 500 – the number of new jobs Sargent Controls is bringing to Marana and Roche is adding at Ventana Medical Systems in Oro Valley. Between Roche and Sanofi Aventis, Oro Valley now has the No. 3 and No. 6 ranked largest biotech firms in the world.
390 – The combined number of employees earning $100,000 or more working for the City of Tucson (200) and Pima County (190). There are 122 staffers in the White House who make more than $100,000.
$340,000 – the per-unit cost to rebuild the $23 million Martin Luther King low income housing project in downtown Tucson. Upon completion the building appraised at $10.5 million. Studio and one-bedroom apartments will rent for $167. A three-bedroom apartment in Oro Valley rents for $1,500 a month.
$820,000 – the price paid by Rio Nuevo to make a 15-minute video that was to be played at the Heritage Museum which never got built.
2.4 – the number of police officers per 1,000 population in Oro Valley. In Marana the figure is 2.05, Tucson is 2.0 and unincorporated Pima County is 1.28.
$17.53 – the bed tax paid on an average hotel room in Tucson. It’s the highest in Arizona and higher such cities as Austin, Texas, Las Vegas, Salt Lake City and Honolulu.
4.1 percent – the increase from 2000 to 2010 in passengers served at Tucson International Airport. The region’s population grew by 20.1 percent over the same period. In the two previous decades, 1990-2000 and 1980-1990, Tucson airport passenger traffic grew by 74.4 percent and 66.3 percent, respectively.
60 percent – the number of students in Tucson Unified School District who identify themselves as Hispanic. Those identifying themselves as Anglo represent 25 percent.
93,699 – average daily circulation of the Arizona Daily Star, down from 113,296 in 2005.
21.8 percent – the percentage of Tucson’s workforce in the government sector. It ranks No. 5 among the highest percentage of government workers in a non-state capital city and 11th among all cities.
$4.8 million – the price land speculator Yoram Levy paid by buy 2,760 acres in the Santa Rita Mountains in 2004. A year later he offered to sell it to Pima County for $11.5 million, which turned it down, and by June 2005 it was sold to Rosemont Copper for $20.8 million. As a copper mine it is projected to produce annual revenues of $3.8 billion.
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