Assignments
- Public Sector
- Private Sector

Papers and Research Reports
- Public Sector
- Private Sector

Newspaper Articles
- Washington Post


Public Sector Assignments

Prince William County Planning Department
Prince William County Finance Department
Prince William, Virginia

Developed a complex fiscal impact model designed to test and evaluate alternative population and employment forecasts, service levels, types of revenue and tax rates countywide. Developed a model for seventeen site-specific developments to determine the revenue and expenditure characteristics of different residential and commercial land uses. This model will be used as a tool by County planning and finance staff to place an economic and fiscal weight to land use decisions the County makes.

 

Charles County Department of Fiscal Services
La Plata, Maryland

Conducted a study to determine the causes behind the decline in housing values countywide from 1995 to 1998. Examined fundamental economic forces and conditions underlying the County’s economy and housing market. Recommended strategies to guide County’s economic development effort towards strengthening its employment base and housing markets.

 

Government of the District of Columbia
and The National Park Service

Washington, DC

Determined and analyzed the economic and fiscal impacts of the proposed 78,600-seat Jack Kent Cooke professional football stadium on the District of Columbia. Compared these impacts to those for the potential expansion and renovation of RFK Stadium. Assessed the economic benefits and cost of the Washington Redskins professional football franchise on the District.

 

Papers and Research Reports - Public Sector

Fuller, Stephen S., and Dean D. Bellas. Economic and Fiscal Impact Analysis. Standard Forecast and Five Scenarios. Phase II. Fairfax, VA: Center for Regional Analysis, Institute of Public Policy, George Mason University. Presented to the County Commissioners, Prince William County, Virginia. July 1998.

Fuller, Stephen S., and Dean D. Bellas. A Fiscal Impact Study of Selected Residential and Non-Residential Developments. Phase III. Fairfax, VA: Mason Enterprise Center, Institute of Public Policy, George Mason University. Finance Department, Prince William County, Virginia. July 1999.

Fuller, Stephen S., and Dean D. Bellas. Economic and Fiscal Impact Analysis. Revenue and Expenditure Multipliers by Land Use Category and the Standard Forecast: 1997 - 2020. Fairfax, VA: Center for Regional Analysis, Institute of Public Policy, George Mason University. Presented to the County Commissioners, Prince William County, Virginia. April 14, 1998.

Fuller, Stephen S., and Dean D. Bellas. Economic and Fiscal Impact of the Prince William County Proposed 1997 Comprehensive Plan. Phase I: Baseline Scenario. Fairfax, VA: Center for Regional Analysis, Institute of Public Policy, George Mason University. Presented to the County Commissioners, Prince William County, Virginia. July 30, 1997.

Fuller, Stephen S., and Dean D. Bellas. Charles County Property Values Study. Presented to the County Commissioners, Charles County, Maryland, July 1998.

Fuller, Stephen S., and Dean D. Bellas. Final Environmental Impact Statement for the Construction and Operation of a Proposed Stadium. Washington, DC: Government of the District of Columbia and The National Park Service, October 1993, Volumes I and II. Contributing authors.

 

Private Sector Assignments

Commonwealth Atlantic Properties Inc.
(formerly known as RF&P Corporation)

Alexandria, Virginia

Financial modelling, real estate portfolio analysis, and financial reporting for one of the largest pension fund asset managers in the mid-Atlantic states. CAPI is a wholly-owned investment unit of Lazard Frères Real Estate Investors, L.L.C. Portfolio included 22 buildings located in Arlington County, Virginia containing 5,372,041 square feet Class A commercial office space, 332,212 square feet retail, 918 luxury apartment units, and a 340-room hotel. Revenues from these holdings account for one-third of total income from property operations.

 

NTS/Residential Properties, Inc. - Virginia
Spotslyvania, Virginia

Fiscal and economic impact analysis on the budget of Spotsylvania County, Virginia of Fawn Lake, a planned residential community consisting of 1,489 single-family luxury houses, 20,000 square feet of retail, a 18-hole Arnold Palmer-designed golf course, recreation fields and a 285-acre man-made lake.

 

Community First, Inc.
Washington, DC

Analyzed population, housing, and socioeconomic data in the District of Columbia over a twenty year time period. Conducted an historical trend analysis using said data and projected the demand for affordable low- and moderate-income housing stock in Washington between 1990 and 2000. Findings of this study incorporated into bank charter application and cited by the Comptroller of the Currency in support of the creation in 1995 of the second community development bank in the nation as defined under legislation proposed by President Clinton.

 

Papers and Research Reports - Private Sector

Fuller, Stephen S., and Dean D. Bellas. The Fiscal Impact of Fawn Lake 1997 and 2008. Presented to the Planning Commission, Spotsylvania County, Virginia, September 1998.

Bellas, Dean D. An Analysis of Housing Affordability in the District of Columbia. Washington, DC: Community First, Inc., September 1994.




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