MCU10/2083 Development Application part 2 - Attachment 4 - Economic Impact and Need Assessment

4.3.3       Amelioration of impacts

           Between 2010 and 2013, before the proposed centre completes its first year of
           trading, household retail expenditure available to all retailers should increase
           by about $2.6 million to $62.1 million (constant 2009 dollar values). Visitor
           spending should also increase by $1.0 million to $33.6 million over the same
           period culminating in a total increase of $3.6 million to $95.7 million.
           Between the proposed centre’s first and fifth years of trading (2013–2017),
           available retail spending by residents and visitors should increase by another
           $5.4 million to $101.0 million. This further increase in available spending
           should enable affected centres to recoup most of the impacts attributable to the
           Noosaville convenience retail centre within a year or two.
           In our opinion, levels of impact forecast are not sufficient to effect the viability
           of existing or future centres or retail areas in and near the defined trade area, or
           threaten their functional roles and levels of service they currently provide to the
           community.




Noosaville Convenience Centre EIA
10034 Rev 1
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