Appendix F- Economic Impact Assessment · MCU23/0078

                                                                                                           iii




      c. Centres would be experiencing large increases in sales in the next four years
         leading up to the development, so that once the impacts occur the resulting
         sales performance is still well above current levels. Moreover, retail market
         growth thereafter would erode the one-off impacts.

18. Overall, the conclusion to be drawn is that the proposed additional retail floorspace
    will generate some competitive effect, but that this will occur within a larger market
    at the time, and the effects would not lead to any diminution in the role or offer
    available at competing centres.

Economic outcomes

19. The development will generate significant positive economic outcomes during
    construction stages and the ongoing operation of new business activity. These
    positive economic benefits can be summarised as follows:

      a. An estimated 380 new direct jobs over an 18-month period, plus significant
         indirect employment in the wider economy, during the construction phase.
      b. An estimated 525 new ongoing employment positions, equivalent to nearly 400
         full-time-equivalent (FTE) jobs, and with significant indirect FTE jobs (estimated
         at around 600 or so) generated in the wider economy.
      c. A wide range of consumer benefits including additional choice and convenience,
         greater price competition, a wider retail offer, improved amenity for residents,
         workers and visitors, new diverse and affordable housing opportunities, and the
         creation of local employment opportunities.
      d. Community benefits generated by reduced travel and lower emissions as people
         are not required to travel to access shopping opportunities.
      e. Benefits for businesses (existing and new) with the provision of new offices and
         co-working spaces within an amenity-rich environment.

      f.    Benefits to Noosa’s tourism and events economy from the provision of new
            entertainment and visitor-oriented uses.
      g. Catalysing development within the NBC so that it is able to fulfil its role as a
         vibrant business and employment centre, consistent with policy aims contained
         in Noosa Plan 2020.
20. Against these positive outcomes, the analysis presented in this report shows that the
    competitive trading effect on other centres would not adversely affect the role and
    performance of those centres, and other potential disbenefits would be minor. The
    project would therefore deliver a significant net economic benefit to the community.




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