An analysis indicates that the proposed $146 million mixed-use project near the Limerick outlets named Sanatoga Green could benefit the local economy by close to $3 million, writes Evan Brandt for The Pottstown Mercury.
Lower Pottsgrove Township officials were provided with a one-page fiscal analysis of the project, which will stretch across 51 acres and create more than 500 residential units, a hotel, and medical office space.
The report says that, after expenses, the Pottsgrove School District is expected to gain $2.6 million, while the township would gain around $200,000 a year. The analysis also states that the plan would add 889 residents to the township, but only 58 of them would be school-age children.
David Nester, business manager for the Pottsgrove School District, said the number seemed a little low, but added that the predicted annual cost of educating one student per year came close to his own estimate of around $19,400. However, he pointed out that the age of the children will be the final factor in determining the impact on the school district.
“If we get five kids in every grade, we can probably absorb that, but if we get 50 kids in first grade, you’re looking at substantial costs to renovate and expand buildings,” said Nester. “This is what will drive the impact on the district.”
Read more about the project in The Pottstown Mercury by clicking here.