Environmental Projects

Report state wind power project would infust millions into the economy

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A newly-released Utah State University-U.S. Department of Energy study estimates that a modest wind power development in the Park City area could generate more than $31 million for the state during its construction.

During its first year of operation, a 50-megawatt wind power plant could generate about $150,000 in land lease payments to Summit County landowners, according to the report. In addition, it could generate more than $800,000 in local property taxes, of which more than $631,000 would support the South Summit School District, the study.

“Wind power can create attractive economic opportunities for a local community in terms of new jobs, lease payments to landowners and new property tax revenues,” said Cathy Hartman, marketing professor at USU’s Jon M. Huntsman School of Business and one of the co-authors of the study.

Fellow co-author Edwin Stafford, also a USU marketing professor, noted that the tax revenues from wind power “can be a real economic boon for schools.”

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Citation

Taylor, T. (2009). Report state wind power project would infust millions into the economy. Retrieved from http://environmental.utdem.org/view/news/51cbeb8b7896bb431f688f64

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