Multi-Housing News Online ran a story on a study by the
Denver Office of Economic Development on the city's emerging status as a shopping destination.
Excerpt:
The study's development was supervised by a 12-member, public/private Denver Retail Strategic Advisory Council. Formed a year ago the council will offer insights and advice in order to create a former strategic plan for retail development in Denver.
The identified weaknesses include Denver's lack of general-merchandise retailers, such as Costco and Super Target, meaning that 65 percent of what the residents of Denver spend at warehouse stores goes outside the city. Around 40 percent of their expenditures for home improvement, furniture, hobby, garden supplies and music and books also add to the troubling rate of "leakage" of sales tax revenue out of the city.
Sites which offer a number of opportunities for growth and retail development within the city have also been identified. These include the former University Hospital site at 9th and Colorado, the University Hills Plaza around the I-70 and Brighton interchange and Sun Valley.
Read the rest
here.
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