Appendix F- Economic Impact Assessment · MCU23/0078

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               Other

               Other identifiable benefits resulting from the proposed development include:
               •    Less need for shopping trips to more distant shopping facilities, including those
                    located beyond the catchment (such as Maroochydore), leading to positive
                    externality benefits arising from a reduction in travel and an associated reduction in
                    vehicle emissions.
               •    Similar externality benefits such as vehicle emission reductions would be created
                    through the provision of a wider array of local employment opportunities across a
                    wide range of professional and scientific industry sectors.
               •    A widening of the retail offer for both residents and tourists, with the inclusion of a
                    new shopping facility that may help to stimulate an increase in retail shopping by
                    tourist visitors.
               •    The introduction of a range of uses that are in accordance with the policy aspirations
                    for the NBC, including the co-location of office and residential uses that will help to
                    generate a day time and night time population to support the proposed
                    entertainment, shopping and dining uses.

               In summary, the proposed uses to be developed within the NBC would generate a range
               of important measurable and non-measurable positive outcomes for Noosa Shire and for
               the wider region.
7.3 Economic   Economic disbenefits would be a relevant factor if the proposed development would lead
disbenefits    to significant trading effects such that the proposed development would need to ‘make
               good’ these competitive impacts.
               However, as shown by the analysis presented in section 5.5 and in Chapter 6, the
               proposed development responds to an existing and growing need for additional retail
               floorspace, is therefore supportable in market terms, and would not lead to any
               significant adverse impacts on other existing centres.

               Economic disbenefits would also be generated if the development were to lead to other
               adverse impacts, such as increased road congestion that may affect acceptable
               performance on the surrounding road network. However, the traffic analysis undertaken
               for the proposed development by SLR Consulting demonstrates that traffic performance
               on surrounding streets and proposed access roads would be within acceptable
               performance thresholds following the development.

               Overall, any minor disbenefits are significantly outweighed by the positive economic
               outcomes presented in section 7.2.




               Noosa Village Mixed Use Development – Economic Impact Statement for Development Application   Deep End Services