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Old 05-23-2015, 04:58 AM
 
1,830 posts, read 838,934 times
Reputation: 821

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That's certainly an impressive headline number of $3 - 3.5B. According to the WBJ figures it's a multiplier of 12-13 times the hospital's projected 2021 revenue. That seems really high to me, but I'm no expert. I looked for the report online but found zilch. I expect it will be available at the Planning Board presentation on June 18, I referenced in the hospital thread.


25,376 jobs generating $1.4B is $55,000 each. That's a lot of jobs. Love the way they can calculate down to the last job. Would have more credibility with me if they just said about 25,000 jobs. The article describes this bonanza as a "gain" i.e on top of existing. I'll be interested to see how they arrived at that number.


Wonder what the comps are for National Harbor, pre and post Tanger and MGM?
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Old 05-27-2015, 09:41 AM
 
1,830 posts, read 838,934 times
Reputation: 821
It's funny how this hospital economic effect multiplier thingy works. Washington Adventist Hospital are projecting a much lower economic benefit from construction of their proposed new hospital at White Oak, compared with the projected benefits of the proposed Largo Hospital.


Largo is 231 beds and $3.5B in "state-level" benefit or $15.15M per bed. Plus supporting 25,000 jobs.


White Oak is 159 beds and $846M in "state-level" benefit or $5.32M per bed. Plus supporting 5,695 jobs.


Anyone know how this works, and which is the more realistic? Hope the discrepancy is pointed out to the PGC public officials for examination at the planning meeting


Relocated Washington Adventist Hospital could have major economic impact, George Mason University Center for Reigonal Analysis Director Stephen Fuller says - Washington Business Journal
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Old 05-27-2015, 12:45 PM
 
Location: North Beach, MD on the Chesapeake
27,177 posts, read 32,079,597 times
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Part of it may be that Largo is projected to create 4 times as many jobs (I don't know where they get that number).

I have to tell you that these projected economic benefit projections are many times estimated using a large dose of fairy dust.
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Old 05-27-2015, 01:51 PM
 
1,830 posts, read 838,934 times
Reputation: 821
Quote:
Originally Posted by North Beach Person View Post
Part of it may be that Largo is projected to create 4 times as many jobs (I don't know where they get that number).

I have to tell you that these projected economic benefit projections are many times estimated using a large dose of fairy dust.
What I find strange is that both were reported in WBJ, by the same journalist, and we know who is responsible for the White Oak report, - GMU, but not the Largo report which I went looking for to no avail. I just hope that they didn't hand a contract to some party hack who hasn't a clue, with instructions to come up with a favorable report. Wouldn't be the first time......
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Old 07-11-2015, 01:31 PM
 
Location: Washington DC
144 posts, read 305,190 times
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I wonder if the Blvd looks more or less 'ghetto' since the last time I visited there in August 2014. Hmmm...
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Old 08-03-2015, 12:34 AM
 
6 posts, read 5,011 times
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Don't know if this was already posted about Commons at Largo, but I found these two links.

Recent Transactions | LGA Capital

http://mncppc.iqm2.com/Citizens/File...Type=4&ID=4013
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Old 05-25-2016, 10:10 AM
 
Location: Washington DC
144 posts, read 305,190 times
Reputation: 69
Any updates or latest reports of the Blvd as of lately?
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Old 05-25-2016, 10:15 AM
 
381 posts, read 257,886 times
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Quote:
Originally Posted by Andy1369 View Post
Any updates or latest reports of the Blvd as of lately?
Nothing new, just the building of the new luxury apartments which will have ground floor retail. A good start to turning Largo into an actual downtown
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Old 05-26-2016, 12:20 PM
 
Location: Washington DC
144 posts, read 305,190 times
Reputation: 69
Quote:
Originally Posted by Mos82 View Post
Nothing new, just the building of the new luxury apartments which will have ground floor retail. A good start to turning Largo into an actual downtown
Gotcha. Any additional/new stores or restaurants, or any closures?
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Old 05-27-2016, 07:43 AM
 
Location: Maryland
18,222 posts, read 13,766,844 times
Reputation: 6022
I had a friend that was considering renting at the Mosaic but learned from a resident that there's been burglaries, robberies and car thefts. So they passed.
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