Pasco County is seeing a significant amount of economic growth as construction projects like Tampa Prime Outlets at Cypress Creek Town Center contribute thousands of tax dollars, as well as current and future jobs. Simon Property Group recently announced a quality outlet mall similar to Ellenton Prime Outlets, including a Saks Fifth Avenue Off 5th outlet store, is in the works. That is producing a good deal of speculation about other shops and services.
Although the mall is not expected to open until 2014, officials such as Pasco County administrator John Gallagher anticipate in excess of six thousand jobs being provided to those living in homes in Wesley Chapel, Land O' Lakes, and Lutz. Administrative and entry-level positions will be available, providing employment opportunities for people of all ages.
Simon representatives expect the development plans to be ready to submit very soon. Based on studies of the effect of similar malls in Florida and other states, approximately $25 million could be realized from property taxes and estimated sales. Pasco County School Board, which has had over $25 million removed from next year's budget, estimates $1.5 million will be generated for the school district by the mall. That, in turn, will offset future budget cuts.
The mall is just one of the major economic elements of construction providing rapid growth in the Wesley Chapel area. Porter Campus of Pasco-Hernando Community College (PHCC) and Florida Hospital Wesley Chapel (FHWC) are other developments. Looked upon as a win-win situation due to its closeness to the other projects, Porter Campus, part of the Pasco-Hernando Community College, is on target for completion in 2014. The anticipated opening student population is 1,200, and it is estimated that many of those students will find work at the mall, whose opening should coincide with that of the college.
Positions for faculty and staff at Porter Campus will benefit professionals, particularly those in the Wesley Chapel and Wiregrass Ranch area. Several certificate programs will be offered at the college, providing the chance to prepare for a career. Mall employees will have the opportunity to take classes at PHCC and upgrade skills. A nursing program will be offered, and graduates will have the benefit of a new hospital nearby where they can apply for positions.
Located on Bruce B. Downs Blvd. (BBD) across from Seven Oaks, the 80-bed FHWC is nearing completion. With over four hundred jobs to fill at the new facility, announcements are being posted on the medical center's website to encourage prospective employees to submit an application.
Although some positions will transfer from other Florida Hospital facilities, the adjacent hundred-thousand square foot wellness center/medical office building will provide jobs close to home for those living in Seven Oaks and other areas of Wesley Chapel. Accounting and medical expertise are just a few of the positions to be filled.
Is the Wesley Chapel area destined to become Pasco County's urban center? The prominent financial investment firm of T. Rowe Price has expressed interest in having offices in the area. Each new or relocated business attracts the attention of other investors and developers, bringing positive development to this part of Pasco County.