The new Salt Lake City International Airport’s construction costs of $2.9 billion will boost the local economy by $5.5 billion — including creating an average of 3,319 jobs a year, a new study says.
That study is “measuring the ripple effect” of every dollar spent on construction as it passes through the economy, Kristine Richmond, director of planning and economic development for GSBS Consulting, told the Airport Advisory Board on Wednesday.
That includes “paying workers wages, and then they go out and spend in the economy on groceries, housing, clothing and services,” she said. It also looks at extra spending with industries supplying goods and services to the vast project.