
How the Deck Plaza Can Revitalize El Paso’s Economy
El Paso is poised for a transformative change with the potential construction of a new Deck Plaza, projected to infuse nearly $1 billion into the local economy over time. This ambitious project will result in a 6.5-acre park, ingeniously capping a section of Interstate 10, designed not only to beautify the downtown area but also to serve as a catalyst for economic growth.
Immediate Economic Boost: Jobs and Development
According to a new economic impact report by the Downtown Deck Plaza Foundation, the construction phase alone is expected to inject $310 million into the local economy. This entails the creation of approximately 1,850 jobs, with total wages reaching around $98 million. Beyond these jobs, the City of El Paso and El Paso County could benefit from over $1.6 million in tax revenue during the construction phase, reflecting a significant boost to local municipalities.
The Long-Term Impact on Housing and Community
As the Deck Plaza attracts residents and businesses alike, the proposal predicts a surge in housing developments, with more than 1,700 new residential units expected to rise within a half-mile radius of the site. This increase in demand is projected to raise property values between 5 to 10 percent, signaling a shift that could alleviate tax burdens on residential properties in favor of commercial developments. This ripple effect will extend far beyond the park itself, potentially revitalizing entire neighborhoods and supporting local businesses.
Environmental Benefits: More Than Just Economics
Notably, the impact of the Deck Plaza goes beyond economic metrics and dives into vital environmental and health benefits. By introducing considerable green spaces into a concrete-dominated downtown area, the park is anticipated to lower surrounding temperatures by 8 degrees and mitigate over 280 tons of greenhouse gases annually. Such initiatives not only promote healthier lifestyles—encouraging more biking and walking trips—but also enhance the overall livability of the area for all El Pasoans.
A Vision for the Future
The enticing vision of the Deck Plaza illustrates the profound importance of catalytic projects in transforming urban landscapes and fostering community growth. As noted by Tracy Yellen, CEO of the Paso del Norte Community Foundation, these deck parks provide tangible outcomes—access to housing and recreational opportunities—leading to a healthier, more active populace. The Deck Plaza stands as an exciting opportunity for El Paso, promising a brighter, more sustainable future.
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