Thoughts on Eastwood’s Palace Theater & Walgreens.
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March 4th, 2005 at 10:30 pm
I want to quote from a recent article from the American Planning Association’s publication “Planning” of November 2004 concerning franchise prototypes and retail entitled “Rethinking Retail” by James Goodno:
“Retail and economic development
Local officials know that retail development has its limitations. Unlike manufacturing, retail does not create wealth. It distributes goods and services and redistributes personal income. Unlike tourism, retail does not necessarily bring new money into a community.
A big box retailer can have a negative effect on local revenue and jobs. If a retailer does not capture local consumer dollars currently spent outside a community or draw shoppers from elsewhere, it can hurt the earnings of local shopkeepers, eliminate better paying supermarket jobs, and shift profits to corporate headquarters and scattered shareholders”.
Trade area capture is a basic fundemental of economics. Lonnie Chu is correct in stating that it is very likely that the Walgreen proposal will at the very least eliminate as many jobs as it creates. No new money will be brought into the Eastwood neighborhood because the drug chain will be competing for the same monetary resources as six other stores located wtihin a one mile radius. Therefore, there will be no wealth created as a result of the proposal. Furthermore, the life cycle of this proposal is not economically nor environmentally sustainable should it continue to pursue a suburban type design rather than conform to neighborhood business district scale and form.
Check out my blog for more in depth urban planning coverage for local Syracuse and urban planning in general. Be sure to check out the archives. Thanks and let’s keep up the discourse on the important issues that are impacting the sustainability of Syracuse and New York State in general.
Maureen
August 28th, 2005 at 5:26 pm
Maureen A. Harding—You talk about Syracuse/Ithaca planning, sustaining Syracuse neighborhoods, promoting bike-friendly cities, etc.
I hope your job, with “airport planning” with C&S Enginners, Syracuse,
does not inhibit you from pushing, and joining the campaign for
regular Centro bus to Hancock Airport—Syracuse is the remaining U.S. city WITHOUT regular public bus
service to its “International” Hancock Airport—we should be
embarrassed, since Centro routes 22 buses daily north
on Route 11 (plus more via I81 past Airport Road, but
won’t send buses the last 1/2 to the Hancock terminal.
Austin Paulnack, coordinator,
The Accountability Project
syracusemoveon at yahoo.com
syracusemov