E Retail Market Study - McComb Group
MEMORAMDUM
TO: Todd Gerhardt, City Manager
FROM: Kate Aanenson, Community Development Director
DATE: November 17, 2005
SUBJ: Retail Market Analysis Proposal
As the City continues to develop, there is additional pressure to make land use
changes. This issue was recently examined in the Town and County project.
With the update of the comprehensive plan and construction of Highway 212, I
think it is important the City re-examine the city’s commercial and industrial land
use. The McComb Group, Ltd. specializes in market studies for public and
private uses. They have been used by developers in Chanhassen and are highly
recommended.
Attached are their proposal and a summary of the study that they conducted for
Prior Lake. On Thursday, November 17, this proposal was presented to the
Executive Board of the Chamber of Commerce. They were enthusiastic about
the project and will likely be participating in the funding.
This item was not budgeted in 2005. Staff can provide funding source
alternatives.
At the work session I will be prepared to discuss the study in greater detail and
answer any questions the Council may have.
g:\plan\ka\marketing study\worksession cc 11-28-05.doc