The REMI econometric model was used by the W.E. Upjohn Institute for Employment Research after they were approached by PlazaCorp, a Kalamazoo-based firm that acquires property for redevelopment and development, engages in property management services, and “reimagines” sites for adaptive reuse. This study revolved around the construction of a 118-room hotel in Kalamazoo, Michigan and, more specifically, the economic impacts of the six projects within the larger construction effort. PlazaCorp needed to know if the $40 million they were set to invest on this hotel construction and development project was going to result in a substantial return and account for a net positive on the Kalamazoo region.
