HomeMy WebLinkAbout1992-04-28 - AGENDA REPORTS - SC RETAIL NEEDS STUDY (2)NEW BUSINESS
DATE:
SUBJECT:
DEPARTMENT:
BACKGROUND
AGENDA REPORT
City Manager Approval
Item to be presented b
Lynn M. HarrisJIYCt i 4Go
April 28, 1992
Santa Clarita Retail Needs Study
Community Development
On March 24, 1992, The City Council received apresentation concerning the
proposed power center near Lyons and Interstate 5, outside of the City
boundaries. As a result of this presentation, the City Council directed staff
to proceed with a local .retail needs study. The Council expressed that Santa
Clarita may be "over -retailed" and not matching retail square footage
effectively with the potential buying population of Santa . Clarita.
Additionally, encouraging new retail square footage could negatively affect
local existing business in some instances. Some economic work was completed
as a general part of the Plan Background Report and the executive summary of
this is attached for the Council's consideration.
Although staff believes the concept to be beneficial,- a retail needs study may
be premature at this time due to the Valencia Town Center and Price Club
developments opening for business in 1992. More current data will be
available to assist in the decision-making process once these developments
become operational. Additionally, the City has committed funds to the
start-up and operation of a Small Business Development Center and it may be
worth while to allow the SBDC*time to address small business needs after the
new retail uses come on-line before the study is done.
Staff has contacted economic consultants and received preliminary. estimates
for the completion of a Retail Needs Study to be $35.000-$45,000. To proceed
at this time would necessitate. a new appropriation of funds for fiscal year
1991-1992. The new fiscal year budget will be presented to Council in May.
RECOMMENDATION
Staff recommends the .Council direct that a .decision package for the Retail
Needs Study be considered as part of the fiscal year 1992-1993 City budget.
MH:lkl:lkt:502