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Reso 2001-021 RDA 2001-003
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Reso 2001-021 RDA 2001-003
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Resolution
Document Date (6)
2/5/2001
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for new retail and service uses in the downtown. New and younger families with <br />higher discretionary incomes are key to downtown's marketing efforts. <br />As the Downtown transitions from an older population to one of young <br />families, it is worth noting some of the reasons why people are choosing to <br />locate in San Leandro. A telephone survey conducted in 1996 cited two <br />primary reasons: the ambiance/atmosphere, and the convenient location. <br />Surveyed buyers indicated that quiet, peaceful and well maintained neigh- <br />borhoods combined with San Leandro's central location and easy access to <br />BART enticed many of these buyers to invest in the community (Source: <br />Economic Development Advisory Committee survey with San Leandro <br />Home Buyers. 1996.) <br />Families located within neighborhoods around the Downtown will be <br />enticed to remain by recruiting more entertainment and retail opportunities <br />close to their homes. As new homeowners become established within the <br />community, their disposable income tends to increase, and are therefore <br />viewed more positively by prospective retail and entertainment vendors. <br />Creating a Downtown retail environment that is attractive to first-time home <br />buyers is a key strategy in maintaining economic growth in the community. <br />Sales Tax Analysis <br />tax data for the Downtown was collected and analyzed for an eight <br />year period, beginning in July of 1990 through June of 1998. In fiscal year <br />1998, the City received over $13.7 million of sales tax revenues Citywide; <br />Downtown's total sales tax revenues comprised 3.2%, or $444,540 of the <br />City's total sales revenues. The table shows major category trends in <br />Downtown's sales tax over an eight year period. <br />The grocery and retail need generated by the local population is not be- <br />ing met. A market analysis prepared by Keyser Marston Associates indi- <br />cated that significant customer "leakage" is occurring from Downtown gro- <br />cery stores, restaurants and specialty retail establishments to neighboring <br />communities. Downtown San Leandro could recapture their customer base, <br />but a combination of aggressive marketing and significant property owner <br />reinvestment in buildings are necessary. A key area of Downtown, Wash- <br />,~» <br />ington Plaza, and particularly the existing Safeway store, is planned to be <br />upgraded, which could result in a modernized physical plant and a more <br />efficient parking and circulation plan. Based on the market analysis, Down- <br />town San Leandro can easily sustain an enlarged Safeway in addition to the <br />existing Lucky's grocery store. <br />Sales Tax Trends <br />San Leandro Downtown Plan & Urban Design Guidelines October 2000 page 19 <br />
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