ECONOMIC AND FISCAL IMPACTS OF A RETIREMENT/RECREATION COMMUNITY: A STUDY OF TELLICO VILLAGE, TENNESSEE

Abstract

Retirement/recreation communities (RRCs) have been promoted as a way for some rural regions to develop their economies. RRCs can have substantial economic impacts (changes in employment and income) and fiscal impacts (changes in local government revenues and costs) on rural communities. Because the magnitude and direction of these impacts are site-specific, assessments of RRCs as a rural development strategy should consider both the economic and fiscal impacts for a given region. This paper presents a case study of the economic and fiscal impacts of Tellico Village on Loudon County, Tennessee.Retirement community, Economic and fiscal impacts, Rural development, Community/Rural/Urban Development,