Below is an Oro Valley news release we received today. You are welcome to comment.
Art
**************************************************************************************
For Immediate Release
Oro Valley Retail, Restaurant Sectors Report Strong Sales
Report shows steady increases over last two years
ORO VALLEY, AZ (Sept. 25, 2007) - The Town of Oro Valley announced sales tax collections from the retail sector have increased an average of nearly 5% over the past two fiscal years, and restaurants and bars have increased an average of 3.3%.
An analysis was conducted of operations in these two major sectors for fiscal years 2005/2006 and 2006/2007 to assess the impact of the opening of two major retail centers, Oracle Crossings and Steam Pump Village. Town Finance Director Stacey Lemos said the purpose of the analysis was to determine whether the new businesses that have opened are taking away sales from existing establishments, otherwise known as "cannibalization."
"Based on our findings, we're pleased to see that the existing retail and restaurant base continues to grow with new businesses entering the market," Lemos said. "This is good news for our community as it means they have more choices and variety for their shopping and dining experiences."
Oro Valley is now home to nearly 43,000 residents. David Andrews, Oro Valley's town manager, says the growing population is clearly a factor in the strong sales reported. "Obviously, you need a robust market base to support businesses. This analysis clearly demonstrates that we have a healthy community from an economic development standpoint."
Contact: Mary K. Davis
Communications Administrator
(520)229-4712
email: mdavis@orovalley.net
Tuesday, September 25, 2007
Developers Offer To Pay $40M To Fund New Interchange at I-10 And Tangerine
Did anyone happen to notice this front page story in today's Arizona Star?
Now, we must admit that is a real novel idea-----having developers pay for road improvements.
Not in Oro Valley. Here, not only do the developers get millions in tax giveaways, supposedly to pay for infrastructure, but then, at least in the case of Vestar, they don't even pay for main road improvements. The article also points out, having developers pay for these improvements isn't something that happened for the first time. In another developer-funded project,improvements to Arizona 287 as it crosses I-10 in Casa Grande, are being paid for and built by Westcor, which is developing a shopping center there. Yes, that's the same Westcor that paid for road improvements when they built their "unique, upscale" La Encantada Mall.
By the way, if you don't have the time to read the whole article, we thought you should at least read the quote from, Marana Town Manager Mike Reuwsaat, who said: "This will eventually bring all the Avra Valley traffic, as well as the Oro Valley traffic, through the area."
Now, why would anyone want to shop there, or anywhere else for that matter? After all, we're getting a Wal-Mart for our $23.2 million! What a shame!
Click here to read the article.
Now, we must admit that is a real novel idea-----having developers pay for road improvements.
Not in Oro Valley. Here, not only do the developers get millions in tax giveaways, supposedly to pay for infrastructure, but then, at least in the case of Vestar, they don't even pay for main road improvements. The article also points out, having developers pay for these improvements isn't something that happened for the first time. In another developer-funded project,improvements to Arizona 287 as it crosses I-10 in Casa Grande, are being paid for and built by Westcor, which is developing a shopping center there. Yes, that's the same Westcor that paid for road improvements when they built their "unique, upscale" La Encantada Mall.
By the way, if you don't have the time to read the whole article, we thought you should at least read the quote from, Marana Town Manager Mike Reuwsaat, who said: "This will eventually bring all the Avra Valley traffic, as well as the Oro Valley traffic, through the area."
Now, why would anyone want to shop there, or anywhere else for that matter? After all, we're getting a Wal-Mart for our $23.2 million! What a shame!
Click here to read the article.
Subscribe to:
Posts (Atom)