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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
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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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2.3.4 Downtown Retail Market Opportunities <br />The opportunities below are more ideally suited for a downtown location.That is not to say that <br />both suburban growth and downtown growth cannot co-exist -as already mentioned, <br />strengthening the overall retail market for Ellensburg should be a "rising tide lifts all ships" <br />proposition.The are presented here because they have the opportunity to be particularly <br />successful downtown. <br />•Restaurants -This category is very strong and is likely to continue to thrive in the <br />community.There are opportunities for growth both within downtown Ellensburg and <br />throughout the city.Restaurants are a "clustering"business type where more begets more. <br />This is particularly true when a community attracts visitors as Ellensburg does.This does not <br />mean that every restaurant will be successful and will require deft market research with any <br />new restaurateur.The market data shows leakage overall for Ellensburg of $21 million but <br />an overall gain for restaurants of just under $6 million.The greater region is grossly <br />underserved by restaurants.A quick look at Yakima shows that at a twenty minute drive <br />from the intersection of Front Street and Yakima Avenue shows the market has a gain of <br />$167 million in overall retail sales yet maintains a restaurant leakage of $69.6 million. <br />Comments that residents of Yakima come to Ellensburg to dine are verified by this number. <br />The opportunity is amplified when you look at spending patterns for students,Ellensburg's <br />highway location,and the conservative definition of the trade area. <br />•Office Supply Stores -This would have been an obvious powerhouse opportunity for a <br />suburban store in Ellensburg.This retail store type has been in a state of national flux as big <br />box office retailers have scaled back stores as a result of online shopping.However,the data <br />indicates that possibilities exist in this category both with what would now be a "small box" <br />store in outlying areas of Ellensburg or working with existing specialized office stores in the <br />downtown to expand services and product lines. <br />•Clothing Stores -This store type,which include family clothing noted above,severely leaks <br />sales in Ellensburg.This type of leakage is to be expected in a market the size of Ellensburg <br />but does present opportunities both for specialty retail in downtown and also in suburban <br />locations.Clothing opportunities in downtown Ellensburg are going to cluster around young <br />women,and the community should take a dual strategy of working with existing clothiers <br />and recruiting new specialty clothing stores.However,the Family Clothing category <br />represents an opportunity for a small box store such as TJ Maxx to possibly be supported in <br />suburban Ellensburg.As already mentioned,this would not eliminate the chance to grow <br />specialty clothing in the core of downtown.(Shoes -a subcategory of clothes also represents <br />a market opportunity for downtown or to expand the product line of an existing store). <br />•Miscellaneous Retail -This broad and inclusive category is geared toward the highly niche- <br />oriented retail that tends to cluster in a downtown setting.Specialty retail will continue to be <br />an opportunity in downtown Ellensburg and is highly suited for the district specifically. <br />Some specialty retail seen in other communities are oil and vinegar stores,running stores, <br />rock and mineral stores (already present),niche gifts,fraternity/sorority stores in college <br />towns,and many more. <br />18
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