9. Appendix F - Economic Impact Assessment

xv. However, it is unlikely that the development would impact surrounding facilities to the degree outlined
    above given it would likely comprise new traders to the locality (as outlined in Section 3.1) and as such,
    would not provide a direct replication of any existing tenant or facility within the immediate region.
    Further, a proportion of sales generated by the centre would come from the retention of escaped
    expenditure of total trade area residents.

xvi. Consequently, any impact on surrounding facilities would be below 6.5% and minimal. Further, growth
    in population and large format retail spending within the total trade area will ameliorate any impacts on
    existing retailers.




    Noosa Marketplace, Queensland
    Economic Impact Assessment                                                                           63
    May 2019