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10 Comments on Too Many New Commercial Developments!!!
Ryan, thank you for leaving a comment on my recent AR post. 'over retailed'...I like that phrase.
G
Actually I love Lacey, I do almost 50% of my work in Lacey. I agree that businesses bring higher levels of economy, however I don't think that the City of Lacey is prepared for what they have started. Not only are they unable to supply the water to outlying Urban Growth Area parcels but they aren't even allowing the predevelopment meetings to take place.
My suggestion of over retailed is predicated only on the sheer population and current demographics of the City itself. Obviously businesses can help cities grow, but without the population many retailers won't be looking to relocate in this vicinity. Yes it is a chicken or the egg scenario, however the City is not ready for what it started without guidance from some of the larger developers, business owners, and local population.
...and what demographics are you referring to? Do you live in Lacey? Own a home? Do you know the current pop of Lacey? What do you believe is the worst possible outcome of Lacey if more big business moves in? ...the best?
The demographics that I am referring to are household incomes, not necessarily population as much as the income levels as well as employment (although it is getting much better). The median income for a household in the city is $43,848, and the median income for a family is $50,923, I'm sure these stats need to be updated, but if you compare the growth here to say......South Hill in Puyallup and compare population and income, they are drastically different.
No I do not live in Lacey, yes I own a home in Lacey, The current population is around 40,000 as it was around 31,000 as of the last census. The best possible scenario is that the City is able to fulfill their promises and permits with all the land owners inside and just outside the Urban Growth Boundary, and the developers are able to pull together a regional shopping center as planned.
The worst case scenario is that the City realizes the amount of power they have in permitting and development and turn into the City of Olympia and many other jurisdictions who overanalyze their data. Currently the City of Lacey is much easier to deal with than any of the other jurisdictions in this county....for now.
I just wonder if the demographers figure only the Lacey/Olympia residential pool into their calculations. I think Lacey is unique due to it's close location to Ft. Lewis. On the military installation there are 20,000 soldiers without localized retail access (other than the PX). The 7000 residents of Dupont also don't have any large retailers in town and are likely to shop in Lacey. I would bet that most businesses don't operate under the motto "build it and they will come". They base their expansions on carefully crafted market and demographic studies. I remember a few years ago, after there was already a Starbucks, a Subway sandwich shop and your pre-requisite Teriyaki place in Dupont, people wondered what businesses could possibly fill the remaining retail spaces in town. Soon there was a second Starbucks, a second Subway and another Teriyaki restaurant, and they're all thriving.
Sandy
Great point Sandy.....I think if one is to take the time to understand commercial activity and the demographic studies that these retailers do you would be amazed to see that they are already comparing Hawks Prairie to South Hill in Puyallup.
Very early stages but imagine what this could be if a similar boom occured here. Not only was Cabela's expected to bring 4,000,000 people per year which would provide the need for more retail, but also an insurgence of 35,000 new troops is also expected.
Starbucks is a good example of a company that will outposition their competition on almost every block to make certain they have the market cornered.
Sandy's glass is half-full and backed up w/historical proof...ouch half-empty guy! (Sandy) Obviously you're married b/c of obvious cognitive ablilities. Do you have sisters...kidding. Have a great day! You too Ryan...just not as good as Sandy's.
T