Protecting Historic Buildings From Chain Drugstores

Date: 1 Oct 2001 | posted in: Retail | 0 Facebooktwitterredditmail

Several years ago the major drugstore chains—CVS, Walgreens, Rite Aid, and Eckerd—lost interest in strip malls and began to focus their expansion plans on prominent downtown intersections. As Walgreens CEO Daniel Jorndt told the New York Times, the chain’s preferred location these days is "the corner of Main and Main." Often, of course, these intersections are occupied by some of the community’s oldest and most significant buildings. … Read More

Brooklyn Neighborhood Defeats Ikea

Date: 1 Aug 2001 | posted in: Retail | 0 Facebooktwitterredditmail

In June, the Swedish furniture chain Ikea dropped its proposal to build a 300,000 square foot store on 9-acre site in Brooklyn. The defeat is Ikea’s second in the New York region this year. In February, organized opposition from small business owners and residents forced Ikea to back out of plans to open a store in New Rochelle. The Brooklyn site is located near Gowanus Canal in a predominantly residential neighborhood. Once the location of a coal transfer station, the land is currently owned by the US Postal Service.… Read More

Midway Home Depot Dismantles Concept of Quality of Life

Date: 5 Jun 2001 | posted in: Retail | 0 Facebooktwitterredditmail

Home Depot wants to build one of its giant stores with a multiacre parking lot on the corner of Lexington Parkway and University Avenue. The St. Paul City Council has authorized city officials to negotiate a financing package with the Atlanta-based corporation that could include as much as $5 million in tax increment financing (TIF), a form of public subsidy. Once a formal plan is submitted, the City Council will vote on whether to approve the development. Supporterscontend Home Depot will generate new jobs and tax revenue. But numerous studies have found that these giant chain retailers destroy about as many jobs and as much tax revenue as they create. This is because retail spending in a given market is a relatively fixed pie. Adding a massive amount of new retail in one location — in this case an estimated $40 million in annual sales — will invariably cause revenue to decline at established local businesses.Many of these businesses will be forced to downsize or close. The resulting job and tax losses will substantially offset the gains created by Home Depot. … Read More

Home Depot Backs Out Of Downtown Portland

Date: 1 May 2001 | posted in: Retail | 0 Facebooktwitterredditmail

Having saturated rural and suburban markets, big box retailers are making an aggressive push into central cities. In many communities, however, they are facing strong neighborhood opposition. Last year, Home Depot, which has 1,100 outlets worldwide, announced its intention to open a store in the Hollywood neighborhood of Portland, Oregon. The corporation proposed a 4-block, multistory building that would combine a 100,000 square foot store with offices, apartments, small shops, and two levels of above-ground parking.… Read More

Pittsburgh Redevelopment Plan Dropped

Date: 1 Jan 2001 | posted in: Retail | 0 Facebooktwitterredditmail

Small business owners and neighborhood activists were elated in November when Pittsburgh Mayor Tom Murphy decided to drop his controversial downtown redevelopment plan. The $522 million project involved demolishing 60 historic buildings and condemning 120 mostly locally owned businesses. In their place, Murphy sought to build a massive retail complex, anchored by a Nordstrom department store and several dozen national chains. … Read More

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