Laserfiche WebLink
4.Written Comments on the Draft EIR and Responses to Comments <br /> other nearby stores,there is little motivation for Downtown shoppers to change existing behavior. <br /> Finally, Downtown Pleasanton is relatively distant from the project site, at 4.3 miles, and <br /> anecdotal information suggests that the opening of the San Francisco Premiums Outlets in <br /> Livermore, located even closer to Downtown Pleasanton than the project site(3.9 miles versus <br /> 4.3 miles),did not result in negative economic impacts on Downtown Pleasanton retailers. <br /> Regarding the anticipated development of a hotel within the area of the EDZ,the analysis finds <br /> that, based on projected demand for hotel rooms and existing and projected occupancy rates, the <br /> addition of a hotel at the proposed EDZ area is not anticipated to result in substantial negative <br /> economic impacts on the existing hotel base. <br /> Urban Decay <br /> The urban decay portion of the Economic Impact Analysis estimates the extent to which <br /> development which would occur within the EDZ area under full buildout,along with other <br /> cumulative retail or hotel projects, would contribute to urban decay resulting from potential store <br /> closures of existing business. In summary, the analysis determined that physical deterioration in <br /> existing retail centers and area hotels would not likely result from the combined effect of full <br /> buildout of the EDZ and other cumulative retail or hotel developments. <br /> As noted above, food and beverage sales would represent the largest category of sales diversion <br /> from existing market area retail stores to the EDZ. The analysis determined that the estimated <br /> volume of diverted food and beverage store sales is sufficient to support approximately <br /> 36,000 square feet of food store space. While this level of impact could suggest the potential for <br /> one existing grocery store in the market area to be at risk of closure,the analysis finds that such <br /> an outcome is unlikely because the effects would tend to be widely distributed among existing <br /> area retailers, rather than concentrated on a single store or even a small number of stores. <br /> Moreover, the lack of variety and the bulk orientation of goods available at club retail stores <br /> makes some shoppers unlikely to change purchasing habits. The analysis concludes that, even <br /> should some retail vacancy ensue, the resulting vacancy rate increment would be nominal and <br /> well within the range indicative of a healthy retail market. <br /> The study also concluded that, based on prevailing market conditions, retail locations that may <br /> experience prolonged vacancy would be well-maintained and would not devolve into urban decay <br /> or physical deterioration. Based on these results,the analysis concluded that the EDZ and <br /> identified cumulative projects would not cause or contribute to urban decay related to retail uses. <br /> As noted above,the analysis finds that the hotel anticipated to be developed within the EDZ is not <br /> likely to result in negative impacts on the existing hotel base such that hotel closures would <br /> occur. Therefore,the hotel portion of the proposed EDZ also would not cause or contribute to <br /> urban decay. <br /> Johnson Drive Economic Development Zone 4-4 ESA/140421 <br /> Supplemental EIR Response to Comments March 2016 <br />