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<br /> New Rules Project -Retail -The Hometown Advantage -Big Box and Wal-Mart Econom... Page 8 of 11 <br /> Wal-Mart and 3oclal Capital - by Stephan J. Goetz and And <br /> Rupasingha, American Journal of AgdalWrel Economics, Dec. <br /> 2006. <br /> The presence of a Wal-Mart store reduces a <br /> community's level of nutlet capital, Mis study found. <br /> The study examined communitles that had or <br /> gained Wal-Mart stores in the 1g90s and conbolled <br /> far other vadabbs known to aged nodal capital <br /> atodca in a community, such as educational <br /> etlainment.'BOM the initial number of (\Nal-Mart] <br /> stores and each store addetl per 10,000 persons <br /> during the tlewde reduced the overall social capital <br /> meawre; Gce~ and Rupesingha found. <br /> Commurdtles that gained a Wal-Mart had (ewer <br /> non-proM groups ant soda) capital-generetlng <br /> assodadons (such as churches, political <br /> organtzefiona, and business groups) per capita then <br /> those that dd not. WaMiarl's presence also <br /> depressed cMC paNdpetlon end b essodated with <br /> bwer voter axnoul b Me 2000 presidential ebdfon. <br /> Goetz and Rupeskpha hypothesize that the drop in <br /> aodal tepnal b owned to the disappearance of <br /> local businesses end Me decline of the downkw+n <br /> following Wa4Marra artival. <br /> 7. CITY Cf)8T8 - <br /> Theca studies canpere the munkipal tax bertefib of big-box <br /> development wtlh the cost of proNding Meae stores with dly <br /> services, such as road maintenance, pdice end flra--findMg that <br /> dtles do not ahvays come out ahead. In additlon tb ((face studies. <br /> see Wal-Mart's Impact on Pollee Coab <br /> Understanding Ne Fiscal Impacts of Land Use In Ohb - by <br /> Randall Gross, Development Economies, August 2004 <br /> Thb report reviews and summarhes the findkrgs of <br /> fiscal impad studies concluded in eight central <br /> Ohio commurdtles between 1997 and 2003. In <br /> seven of the eight communilbs, reten devebpmeM <br /> aea0ad a drain on munir9pal budgets (l.e., @ <br /> required more b publb services, such as toed <br /> m~nanee and poke, Man 6 generated b tax <br /> revenue). On average, reran buildings Produced a <br /> net annual bas of 50.44 per square fooL'The <br /> concept tlret growth b always good for a canmursty <br /> does not seem to rnrrebte with the findings from <br /> - V1rteUS fiscal analyses Conducted 6xouphaa <br /> Central Ohb,' the report Concludes. h Ceunons <br /> - dtlea trot to De taken in by Ma prombe of lsgh fax <br /> revenue tiom s new development without also <br /> conakfedrg the additional coats of Prevldln9 <br /> services. UrYike ratan, once and mdusidal <br /> development as well as some types of residential, <br /> produced a net tax benellL <br /> Flaeal Impact Analysis of Residentbl and NonrgMsnWl Land <br /> Use Prototypes - by Tbdder b Assodatss, July 2002. <br /> Big boz rated. shoDPb9 Canters. ant fast-food <br /> restaurants cost taxpeyere m Bemstabb, <br /> Maasadwaetls, more Man they produce b <br /> revenue, aaordkg to fhb anarysb. The sWdy <br /> compares Ere tsx revenue generated by dtlferant <br /> lords of residential and commercial development <br /> with tlra actual cost of prov(dkg pubnc services for <br /> each bntl use. The study fountl Mat Dig box retai <br /> generates a net annual deficit of 5468 per 1,OD0 <br /> square feel Shopping Cenlere likewise produce an <br /> annual drain of 5314 per 1,000 square feet By far <br /> Me most costly are feat-food restaurenb, which <br /> have a rtM annual Coat of 55.166 Per 1,000 square <br /> feet. In contrast, the swdy found that spadany <br /> ratan, a cabgary that btdudes sma6-scab Mein <br /> Street businesses, has a positlve ImPad on pubic <br /> revemte (I.s., n generates more tax reverxte (turn n <br /> ousts to service). Spsdany rebN produras a net <br /> http://www.newrules.org/retaiUeconimpact.html 9/5/2007 <br /> <br />