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The Montreal Aerial Gondola
Economic Impact Study - Highlights |
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The Conference Board of Canada (Canadian Tourism Research Institute division) provided their TEAM (Tourism Economic Assessment Model) to Skylink Montreal and Tourisme Montréal. Skylink Montreal provided their estimate of new visitors/tourists and extended stays as a result of the Montreal Aerial Gondola. Tourisme Montréal provided their spending profile for the Greater Montreal Area / Province of Quebec. With this information, the Conference Board of Canada and Tourisme Montréal used the TEAM program and produced the “Economic Impact Study” for the Montreal Aerial Gondola project. |
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Greater Montreal |
Province of Quebec |
| New Visitor Spending |
$120,000,000 |
$120,000,000 |
| New Economic Activity |
$218,324,876 |
$285,414,447 |
| New Payroll |
$66,049,380 |
$84,490,666 |
| New Jobs |
3,137 |
3,636 |
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| New Tax Revenue |
Greater Montreal |
Province of Quebec |
| Federal |
$23,385,622 |
$28,777,885 |
| Provincial |
$28,373,964 |
$33,302,857 |
| Municipal |
$7,554,906 |
$8,363,394 |
| Total |
$59,314,492 |
$70,444,129 |
These results are produced EVERY YEAR |
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Note:
The above figures do not include the economic impact of the $100,000,000 construction cost and ongoing operating costs – which will produce additional major economic impact for Greater Montreal and the Province of Quebec. |
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