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<br /> New Rules Project -Retail -The Hometown Advantage -Big Box and Wal-Mart Econom... Page 9 of 11 <br /> annual rehxn of 5328 per 1,000 square feet Other <br /> commercat lend uses that are revenue winners <br /> induda business parks, of8cea, and holds. The two <br /> mein factors behlrM the higher costs for big box <br /> stores, shopping centers. and fast-food ounete. <br /> compared to specially retail shops, are higher road <br /> malntsnance costs (due to a much greater number <br /> of ear trips per 1,000 square feet) and greater <br /> demand for public safety seMces. <br /> Understanding the Tax Base Consequences of Local <br /> Economic Development Programs - by ftKG Associates, 2D01 <br /> The sty a ConcoM, Now Hampshire provides en <br /> example of what can happen when a community <br /> allows massive commercal growth while failing to <br /> protect its existing economic assets. Over the last <br /> 12 years, Concord added 2.8 million square feet of <br /> new commercial and Mdusaial development Yet <br /> tax revenue has aduany dedktad by 19 percent To <br /> make up for bat revenue, the town now has one of <br /> the highest property fax rotes let Me state. This <br /> study try RKO Associates, an independent <br /> economk consuttlnp flan, found that there were <br /> several lessons for the dedkrkrg tax base. one was <br /> Mat new ratan deveopment prknarny big box <br /> stores. had harmed IocU businesses. Property <br /> vakres, and srdxrequerdy tax revenue. M the older <br /> shoppirg areas had declined sharpy. Another <br /> fader was first the new development had eroded <br /> the value of residerrfiel property, probeby due In <br /> part to increased treflfc and noise. The end resuR <br /> was Mat the cnll atluefly experienced a dedinMg <br /> tax base dasPtte ant d the new growth. <br /> Impseb a Dsvebpmsnt on DuPage County Property Taxes - <br /> Prepared by DuPape County Development Department for Me <br /> County Regbnal Planning Commission. Illkrois, October 1991. <br /> This study demonstrated Mat Me eosb of <br /> eneourogkg new commerdal development- <br /> extending higtavays and uaWis, expanding <br /> munfdpal eervtees eke pdice and fire protection, <br /> and proWdkg deveopment fatencag and <br /> incentlvea--exceeded the new propaAy and sake <br /> tax revenues Me new development generated. Tha <br /> study rxmcludad'... Mere i6 a significant statlsfical <br /> reletlonahlp between new development (boM <br /> resWantlel ant rwnresWentlaq and Inaeesea In <br /> . Personal propertytaxes." - <br /> a srarE cows <br /> Because many otatetr employees do nd eam enough to make <br /> ends meet, stets are reporMg hqh coats assodaled wah <br /> providing Irealtltrare (MetlkeW) end other public assistance to big- <br /> box empbyees. <br /> N additlon W the fonowing shWks, see Oood Joba FIrmYs web <br /> page detankg states that have tllsdosed how much May are <br /> sDendln9 on provMmg Iteeflh irquronca for empoyes of VVaF <br /> Mart, Home Depot, Target, and other big-box retailers. <br /> Hidden Cost of WeMASrt Jobs - by UC Berketeys Irutibda for <br /> Industrial Ralatlons, August 2004 <br /> Celifomia taxpayers era spending 588 million a <br /> year providing taanhcare arxl oMer Public <br /> asfstance to iha scotch 44,000 Wal-Mart <br /> employes, axoMing to Mis study. The average <br /> Wa4Mart worker requires 5730 Mtaxp~yer-funded <br /> healthcare and St,?22 M oMer forms Of aeciatance. <br /> such s food stamps and subsidized housing. Even <br /> compared to oMer refatters, VVeFMM imps an <br /> speda9y large burden on taxpayers. WaFMart <br /> waken cam 3f ptucera lean than the average for <br /> workers a Mrye ratan compartis and regWre 38 <br /> http:!/www,newrules.org/retail/econimpact.html 9/5/2007 <br /> <br />