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LT-2022-003-Roslyn Downtown Association
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2022
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01. January
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2022-01-18 10:00 AM - Commissioners' Agenda
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LT-2022-003-Roslyn Downtown Association
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Last modified
1/17/2023 10:43:15 AM
Creation date
1/17/2023 10:42:03 AM
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Meeting
Date
1/18/2022
Meeting title
Commissioners' Agenda
Location
Commissioners' Auditorium
Address
205 West 5th Room 109 - Ellensburg
Meeting type
Regular
Meeting document type
Fully Executed Version
Supplemental fields
Item
Request to Approve Lodging Tax Contracts LT-2022-001 through LT-2022-024
Order
7
Placement
Consent Agenda
Row ID
85266
Type
Contract
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Roslyn Market Study{$anruFrr MULDRow5Retail Leakagre AnalysisIntroductionThe retail leakage analysis identifies potential opportunities for retaif growth based ondemand within the local market. "Retail- Leakaqe" is a supply and demand study that refersto the difference between the retail expenditures of residents 1i-ving in a particulargeography and the sales produced by stores located in the same geography. If residents arepurchasing more than stores are selling, dollars are leaking outside the trade areas toother locations. Leakage transfates directly to demand.The data presented in this section comes from Environics Analytics, a national retailmarketing service used by town planners, retail & restaurant site planners, and nationalchains for their market research. Environics Analytics gets its data from a number ofsources including: Census of Retaif Trade; Annual Survey of Retail Trade; Census ofEmployment and Wages, Sales Tax Reports, and various trade associations. This data is abroad l-ook at the market and should not supplement for more detailed market research. Itdoes, however, provide an overafl view of what the market potential can be.Trade Area RetaiJ. Leakage10-MinuteDrirre Tise$136. 96mil-lion$1 4 .99million5-MinuteDrive [ime$32 mil-lion$25.1 millionRoslXrr#21.91mil-lion$2r.11millionStores SeI].CongmersSpend76
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