Press Release: The Waterfront Vancouver – Nearing Completion – Brings $6.1 Billion In Economic Value and Benefits To The Region
New economic impact analysis shows local and regional investment to be well founded and delivering on the longstanding mission, while triggering hundreds of millions in future development spending and in tax revenue.
With an estimated 2030 completion date and $1.6 billion in direct investment and costs underway/projected, The Waterfront Vancouver will deliver the total output value of $6.1 billion in 2022-measured dollars.
The new, 2023 Economic Impact Analysis of The Waterfront Vancouver by Johnson Economics (Executive Summary can be found here) now verifies the vision has been realized. The study examines what has been invested to date, from one-year post construction starting in 2017 through 2024 including what’s now underway. The total impacts of output – direct, indirect and induced – are also estimated through project completion, anticipated for 2030.
Economist Jerry Johnson provided these key data findings in the analysis through 2024 and projected through project completion in 2030 (in 2022 dollar value):