D - Economic Impact Assessment Addendum by Location IQ (6.08.19)

        million, or 9.0%; which is within the normal competitive range of economic impact assessments. Further,
        total trade area large format retail spending is projected to grow from $396.0 million currently to $510.3
        million by 2031 (refer Table 2.6 in the EIA report). This growth in large format retail spending within the
        total trade area will ameliorate any impacts on existing retailers.

   vii. Each of the precincts detailed in Table 5 are likely to benefit in the future from population growth within
        the region. As detailed above, there is a low provision of large format retail and non-retail showroom
        floorspace throughout the total trade area currently, which will increase over time. The proposed Noosa
        Marketplace development would assist in addressing this undersupply.

   viii. Overall, the proposed Noosa Marketplace development will not impact on the viability or continued
        operation of any retail facility. The viability of individual businesses in not a matter of consideration in
        the planning scheme. The proposed development will provide an easily accessible, differentiated offer
        to existing facilities to service the residents of the growing total trade area.

   ix. The proposed development would also serve to strengthen Noosa as a retail and showroom destination
        and would not impact on the role served by major facilities such as Noosa Civic or Sunshine Plaza at
        Maroochydore, which contain a large non-food component including apparel and discount department
        store shopping.

   x.   Therefore, whilst maintaining centre hierarchies is of interest, it is clear that the development of Noosa
        Marketplace within the Noosa Business Centre does not threaten this. In fact, the attributes of the site
        are not easily replicated.



Needs Analysis for Food Catering Facilities


  Supply and Demand

  i.     Competitive facilities of most relevance to the proposed standalone food catering facility at Noosa
         Marketplace are provided within the immediate region (i.e. the primary sector).

  ii.    Food catering facilities situated within the Noosa region are provided in a number of locations
         including:

               Within designated shopping centres;

               Within retail strips and precincts along major roads (including Hastings Parade in Noosa Heads
                and the retail strip at Noosa Junction);

               Freestanding sites.




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