Eis 8x11 English

ECONOMIC IMPACT STUDY HIGHLIGHTS FOR THE MONTREAL AERIAL GONDOLA The Conference Board of Canada (Canadian Tourism Research Institute division) provided their TEAM (Tourism Economic Assessment Model) to Skylink Montreal and Tourisme Montréal. Skylink Montreal provided their estimate of new visitors/tourists and extended stays as a result of the Montreal Aerial Gondola. Tourisme Montréal provided their spending profile for the Greater Montreal Area / Province of Quebec. With this information, the Conference Board of Canada and Tourisme Montréal used the TEAM program and produced the “Economic Impact Study” for the Montreal Aerial Gondola project.

GREATER MONTREAL

PROVINCE OF QUEBEC

$120,000,000

NEW VISITOR SPENDING

$120,000,000

$218,324,876

NEW ECONOMIC ACTIVITY

$285,414,447

$66,049,380

NEW PAYROLL

$84,490,666

$59,314,492 *

NEW TAX REVENUE

$70,444,129 **

NEW JOBS

2,753

3,190

THESE RESULTS ARE PRODUCED EVERY YEAR NOTE: The above figures do not include the economic impact of the $100,000,000 construction cost and ongoing operating costs – which will produce additional major economic impact for Greater Montreal and the Province of Quebec.

* NEW FEDERAL TAX REVENUE = $23,385,622 - NEW PROVINCIAL TAX REVENUE = $28,373,964 - NEW MUNICIPAL TAX REVENUE = $7,554,906 ** NEW FEDERAL TAX REVENUE = $28,777,885 - NEW PROVINCIAL TAX REVENUE = $33,302,857 - NEW MUNICIPAL TAX REVENUE = $8,363,394

SPENDING COMPARISON FOR MAIN EVENTS AND TOURIST ATTRACTIONS

FOR GREATER MONTREAL

MONTREAL AERIAL GONDOLA MONTREAL GRAND PRIX MONTREAL INTERNATIONAL JAZZ FESTIVAL JUST FOR LAUGHS FESTIVAL FRANCOFOLIES

$120,000,000 $75,000,000 $44,500,000 $40,000,000 $8,600,000

Tourist Spending