City Releases Report on Negative Economic Impact of Nexus Pipeline

City Releases Report on Negative Economic Impact of Nexus Pipeline
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City of Green Releases Economic Impact Study of Nexus Pipeline Study                  

Green, OH – The City of Green released the results of the long-term economic impact study should the NEXUS Pipeline route through the City of Green.   In fall 2015, the City commissioned Cleveland State University, College of Urban Affairs, Center for Economic Development to conduct the study.   In addition, the City filed the results of the study with the Federal Energy Regulation Commission (FERC) on April 26.  

“The findings of the overall economic impact study are quite compelling and clearly demonstration the negative impacts the City would experience if the Nexus pipeline project is approved by FERC to move forward,” said Wayne Wiethe, planning director for the City of Green.

The total estimated economic losses over a 50 year time period is projected to be $123 million. 

Some of the key findings include:

  • Overall loss of revenue to the City over a 50 year time period is estimated to be $52 million
  • An additional $61 million in lost revenue to Green Local Schools over the same time period.
  • Other losses would be realized by Summit County, Portage Lakes Career Center, Akron-Summit County Library and Summit County Metro Parks.

            To read the complete study, visit www.cityofgreen.org/nexus-pipeline-information

“We commissioned the study to provide further proof to FERC that routing the pipeline through Green is a significant hardship to the City and its future economic development that not only benefits the community of Green, but also Summit County and the State of Ohio,”  said Wiethe.

The City of Green, Ohio, founded in 1992, is a prosperous, progressive and promising city with more than 25,000 residents.  Approximately 33.5 square-miles, Green is located in southern Summit County.    Visit www.cityofgreen.org.    Like us on Facebook at www.facebook.com/cityofgreenohio

 

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