In addition to providing room for UNCG's growth, the expansion also syncs with Greensboro's revitalization plan for the Gate City Boulevard corridor, a main entry point and thoroughfare in the city. The project will also spur economic development in the area. Projections estimate the development will generate more than $590 million in new spending between 2014 and 2023, create 945 new jobs and boost local property revenues by $7.5 million.