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MCU14/0106 & OPW15/0001 Appendix B - Retail Needs Response
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The derived uplift of $149.6 million noted in the Information Request is the uplift relative to current turnover in 2014 (i.e. $147 million). The difference of $30 million is due to the growth forecast over the period 2014-2018, population growth (1.7% p.a.) and real spending growth (1.6% p.a). In other words, the centre would be expected to experience natural growth over the pre-development period and this is captured in the ‘do nothing’ forecast. 3 URBIS 20 neact anatysis NOOSA RESPONSE REPORT - RETAIL ECONOMICS JUNE 2015 V2
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