It is important to highlight the significant direct impact expected on the local economy as a result of the Medina Llíber project. An early analysis estimates that there will be considerable income from municipal taxes, contracts and services, which could reach up to €5,000,000 during the first year, increasing progressively to €10,000,000 during the last year of construction. Once the project is completed, this income is expected to stabilise to around €6,000,000 per year.
These numbers reflect a significant injection of resources into the local economy, which can have a positive impact on job creation, infrastructure and service development, and the general well-being of the community.
In addition, it is essential to recognise the crucial role that residential construction plays in sustaining household economies in the area. The business model on which the local economy is based relies heavily on such projects, which generate direct and indirect employment as well as commercial opportunities for a wide range of local businesses.
In summary, the data suggests that it will have a significant economic impact on the local economy, generating income and opportunities for a wide range of community stakeholders. The value and potential of this project to drive economic development and improve the quality of life for all residents in the area needs to be recognised.
