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months before Kohl's made application in late 2003 to utilize the space, thereby investing in and revitalizing an older shopping center. Additional examples include the conversion of Sclzoebers Athletic Club on O~~~ens Drive to Super Franks Fun Adventure; the purchase and renovation of the former State Farm building (on Owens Drive) by the Dahlin Group; and the caret retailer that moved from its location on Owens Drive (to the Home Depot shopping center) whose buildi»g was acquired by the Mercedes dealership. While each situation is unique based on location and economic factors, and thus timing of new tenants vas°ies, vacant space along the 1-580 and I-680 corridors has not ~°emained on the market for protracted lengths of time. • Consider the differing impacts if one of the Home Depot stores becomes a smaller home improvement store such as Yardbirds. PRC cannot conclude definitely that a Yap°dbirds store would work at this location due to the smaller net sales that it i~~ould generate relative to a Home Depot store. Home Depot, which is now Yardbirds parent company, has indicated that it would not build a Yardbirds at this location since they do not regard it as being financially feasible. See Pacific Retail Consultants report for more details. • Would the new store be a contractor Home Depot or a regular Home Depot? What are the differences and what would be the differing impacts? Response by Home Depot.• "The new store would be a regular Home Depot just like the Johnson Drive store (although the Johnson Road store is not a current prototype). Since the Johnson Road store is close to the fi°eeway, it is anticipated that it ~~~ould receive more contractor business than the new store. The new store will be a regular Home Depot format but will likely be more of a "consumer "store. " • What is the net number of new full time employees for Home Depot? State lcey assumptions. What is the number for the entire center? How many of the employees will come from the existing stores or existing local businesses vs. how many will be net additions to the job base? What percentage of net new jobs will be filled by Pleasanton residents Response by Home Depot: Home Depot expects to have between 200 and 250 employees at the proposed store during the first year of operation; however, it expects this number to decrease to about 122 after the first year, although the number would increase again seasonally, such as during the Holidays. Home Depot's economic consultant (Kosnzont Companies) estimates that the project as a ~~hole ~~~ill generate 632 construction-related jobs (one year period), and 474 total jobs (301 ,full-time and 173 part-time) with development of the proposed center as a whole.