MISSOULA – A study completed by the University of Montana’s Bureau of Business and Economic Research examined the economic impact of the proposed Riverfront Triangle project on the Missoula downtown area. The study was conducted by BBER Director Patrick Barkey.
The study found that the development project, which includes the addition of a “branded” 175-room hotel, a 60-room boutique hotel, two restaurants, 200 rental units, 50 condominium units, 50,000 square feet of office space and 35,000 square feet of retail space would add 165 net jobs to the area by 2025, along with $9.5 million in additional annual income and $8.2 million in disposable personal income.
The study results do not include the impact of the proposed 23,000- to 35,000-square-foot convention center planned for the development. Those impacts were studied separately by Conventions Sports & Leisure International, a Texas-based event center consulting firm.
The UM study was supported by the Hotel Fox Partners.
BBER is a leading collector of primary data that provides analysis of the business, economic and social science sectors in Montana. The bureau has provided information about Montana’s state and local economies for more than 50 years. For more information, visit http://www.bber.umt.edu.