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impact of retail could be reduced or eliminated by building traditional neighborhoods that include a mix

of homes and small stores. This configuration would enable people to walk or take shorter car trips for

basic errands, rather than traveling longer distances to access large-scale shopping centers (Tab 4).

A study of land uses, conducted in Barnstable, Massachusetts, completed by Tischler and

Associates, Inc., in 2002, came to similar conclusions (Tab 4). Eight nonresidential uses were examined

including: business park, office, shopping center, big box retail, specialty retail, hotel, restaurant, and

fast food restaurant. “The nonresidential results were discussed in terms of per 1,000 square feet. The

specialty retail type generates the best fiscal results among the nonresidential types at $326 per 1,000

square feet annually. The next best annual results are generated by the business park at $112 per 1,000

square feet. The office development generates a positive $66 per 1,000 square feet annually. Hotels

generate the smallest annual surplus at $35 per room. The shopping centers generate an annual deficit

of minus $314 per 1,000 square feet. The big box retail prototype generates an annual deficit of minus

$486 per 1,000 square feet. The worst nonresidential fiscal results are generated by the restaurant and

fast food developments, with annual net deficits of minus $1,100 and minus $5,168 per square feet,


D. Regional Shopping Centers vs. Neighborhood/Community Shopping Centers

Given the fact that it takes a certain amount of sales per square foot to be economically viable,

the retail industry classifies shopping centers and stores by size. With respect to shopping center size,

CZAC gathered information from national studies4 that indicate that “regional” shopping centers


“Fiscal Impact Analysis of Residential and Nonresidential Land Use Prototypes” - July 2002 by Tischler &



The sources included the following publications/sources: ERSI, Essentials of Real Estate Investment, Page | 7

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