The report from the FCS Group - a consulting firm based in Redmond - says the $665 million terminal would add about $7 million in yearly property tax revenues and possible tax savings for area school districts.
Project Spokesman Craig Cole says that would make the Gateway Pacific Terminal the second largest tax payer in the county.
Construction of the coal shipping terminal would also generate more than $12 million in local sales tax revenues and more than $44 million in state sales tax revenues, according to the report.
At full operation, the terminal is projected to bring in an additional $700 thousand a year in local sales tax revenues by hiring workers that would shop in Bellingham, Ferndale and Lynden.
