Prepared by BusinessFlare® for The Related Group

Wellington Village — Economic & Community Benefits Assessment

A ~70-acre, ~$650 million mixed-use community on Stribling Way — homes, retail, a 150-key hotel, and a PK-12 private school — measured for the jobs, output, and tax base it delivers to the Village of Wellington.

~$650Mtotal private investment
~70 acresmaster-planned mixed-use site
$1.4B50-year ad valorem receipts, all taxing authorities
Overview

Turning a vision for K-Park into measured economic and fiscal value

Wellington Village is a mixed-use development on roughly 70 acres at 10400 Stribling Way in the Village of Wellington, Florida. The program integrates 562 residential units — including 85 workforce-housing units — with 131,000 square feet of retail, dining, and services, a 150-key hotel, and a 240,000-square-foot PK-12 private school designed for 1,600 students, forming a self-sustaining community rather than a single-use parcel.

The Related Group engaged BusinessFlare® to quantify what that vision means in dollars, jobs, and public revenue. Using Input-Output methodology (Lightcast/Emsi Type II) and property-appraiser-based fiscal projections, the assessment separates one-time construction impacts from recurring annual operations, and translates the project's ~$650 million of investment into a defensible picture of economic activity and tax base for the Village and its other taxing authorities.

3,699construction-phase jobs supported
$834Mone-time economic output
997recurring annual jobs at stabilization
$140Mrecurring annual economic output
Visuals

The site

The work

Explore the analysis

Four lenses on Wellington Village — the proposed development, its economic impact, its fiscal contribution, and the community benefits it unlocks.

Wellington Village blends residential, commercial, hospitality, and education uses into a single walkable district — a self-sustaining neighborhood rather than a single-purpose parcel, replacing land otherwise classified for agricultural use.

Program
  • 562 residential units, including 85 workforce-housing units
  • 131,000 sq ft of retail, dining, and service space
  • 150-key hotel serving tourists and business travelers
  • 240,000 sq ft PK-12 private school for 1,600 students

The economic analysis models direct, indirect, and induced impacts during construction (one-time) and after completion (recurring), using BEA and BLS QCEW source data and Type II Input-Output multipliers to capture supply-chain and household-spending ripple effects.

Findings
  • Construction: up to 3,699 jobs and $341M in earnings
  • Construction: $834M in total economic output
  • Recurring: ~997 annual jobs, led by hospitality, education, retail, and real estate
  • Recurring: ~$57.7M annual earnings and $140M annual output

Reassessed after completion, the property's taxable value rises to roughly $495 million by 2029, driving property-tax revenue far above what the land would yield if it stayed agricultural — where 50 years of Village taxes would total just ~$33,000.

Findings
  • New taxable value of ~$495M following stabilization (2029)
  • Over $1.2M in Village property taxes in FY2029, growing ~4.5%/yr
  • Village ad valorem: ~$10M / $62M / $198M over 10 / 30 / 50 years
  • ~$1.4B in total ad valorem receipts for all taxing authorities over 50 years

Beyond the numbers, the project expands housing choice and affordability, adds quality education capacity, and creates broad occupational opportunity — supporting Wellington's economic-development goals and long-term quality of life.

Benefits
  • 85 workforce-housing units improving affordability and diversity
  • New PK-12 school capacity for 1,600 students plus education jobs
  • ~$3.7M in construction-phase taxes, permits, and impact fees
  • Jobs across management, finance, food service, education, and transportation
By the numbers

Key points