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City of Ellensburg Visitor Center
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06. June
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2017-06-20 10:00 AM - Commissioners' Agenda
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City of Ellensburg Visitor Center
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1/16/2018 2:48:41 PM
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Meeting
Date
6/20/2017
Meeting title
Commissioners' Agenda
Location
Commissioners' Auditorium
Address
205 West 5th Room 109 - Ellensburg
Meeting type
Regular
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Supporting documentation
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Alpha Order
a
Item
Lodging Tax Large Scale Projects Presentations and Request to Consider the Lodging Tax Advisory Committee's Recommendation on the Tourism-Related, Large-Scale Municipality-Owned Capital Projects and Operations Grant Applications
Order
1
Placement
Board Discussion and Decision
Row ID
37453
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2.3.3 Overall Retail Market Opportunities <br />The retail market potential for Ellensburg combines many different facets of the data gathered <br />above.Retail markets depend on both quantitative and qualitative information.Moreover,just <br />because there is retail market potential for a potential retail store type in no way ensures success <br />of that store type in the community. <br />There are many reasons why a business might succeed or fail,and the retail market is but one of <br />those factors.The days of the downtown competing with suburban locations for primary retail <br />have long since vanished.The major "pro"of keeping all retail in the community is that once a <br />shopper has left,they have left for the day and their money will follow.This section explores <br />retail development likely to develop in suburban locations in Ellensburg. <br />•Family clothing -This category includes stores such as TJ Maxx,Ross,and similar type <br />stores that cater to all family members.They typically locate in suburban market <br />developments.With over $5 million in leakage from the primary trade area,this could be a <br />suburban opportunity for Ellensburg.A store of similar type (though unlikely a chain)could <br />also work in a downtown setting. <br />•Auto Dealers -Ellensburg is home to a number of highly successful auto dealerships,though <br />not all auto brands are currently represented in the market.There is an opportunity for new <br />car dealerships that would likely develop in a suburban location.There is also a growing <br />trend of downtown auto dealerships decamping to suburban locations for better exposure. <br />•Electronics -While Ellensburg is leaking sales in the electronics category,this store type has <br />proven to be problematic as of late with the demise of Circuit City and the bankruptcy of <br />Radio Shack.A regional electronics store may be successful based on the market leakage. <br />•Pharmacies -Surprisingly,Ellensburg leaks sales in Pharmacies.This could be a trade of <br />the retail dollar for in-store pharmacies at stores like Fred Meyer or,more likely,a signal for <br />additional demand.The location is likely to be suburban and will have little to no impact on <br />the downtown pharmacy in Ellensburg. <br />•Home Improvement Stores -This is an intriguing category for Ellensburg in so far as <br />independent garden dealers,hardware stores,and similar store types have proven to be great <br />for the community.A home center such as Home Depot might be plausible based on these <br />numbers but would likely have a negative impact on existing independent merchants. <br />•General Retail -This category includes stores like Fred Meyer,Target,and Walmart. <br />Ellensburg currently has a high quality Fred Meyer in very close proximity to the core of <br />downtown,although separated by storage and warehousing uses that would not encourage <br />walking between the two.Retail leakage indicates potential for some degree of additional <br />general retail.The impact of such a store on downtown would be minimal and would likely <br />benefit downtown Ellensburg and the community as a whole as it would retain customers that <br />are currently leaving the community to shop in Yakima,metro Seattle,or Wenatchee. <br />17
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