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Tim Gladhill <br />From: Tina Goodroad <Tina.Goodroad @bonestroo.com> <br />Sent: Thursday, September 22, 2011 2:56 PM <br />To: Tim Gladhill <br />Subject: FW: Ramsey retail study <br />Attachments: image001jpg <br />Here is the estimate. <br />Tina Goodroad <br />Associate <br />Direct 651 - 967 -4537 <br />Cell 651 - 253 -6509 <br />tina. goodroadftonestroo.com <br />Bore strop <br />Bonestroo has joined Stantec, a professional services consulting <br />firm recognized for its leadership in sustainability, depth and <br />diversity of talent, and technical expertise. <br />From: Jay Demma <br />Sent: Thursday, September 22, 2011 8:33 AM <br />To: Tina Goodroad <br />Subject: Ramsey retail study <br />Tina, <br />I looked through McComb's 2003 report and here's what I think needs to be done to update the research so that we can <br />confidently supply the charrette participants with a good sense of what is possible in the study area: <br />1) Redefine the Trade Area to account for the impact of Ramsey Town Center and changes /additions at other <br />competitive retail districts. <br />2) Reassess the demographic and employment situation within the redefined Trade Area taking into consideration <br />the 2010 Census as well as likely changes to forecasted growth given the impact of the Recession and changing <br />residential construction trends. Data to be collected and analyzed would include: <br />a. Population <br />b. Households <br />c. Household incomes <br />d. Number of jobs by wages <br />3) Recalculate purchasing power within the redefined Trade Area <br />4) Adjust market share percentages and Trade Area sales from the 2003 report (page 36) to reflect a redefined <br />Trade Area and changes in the competitive environment. <br />5) Recalculate sales potential and future development potential within the study area. <br />Estimated cost for the above tasks would be $7,500. The findings would be summarized in a brief memo with a map <br />showing the new Trade Area. If a detailed memo or report is desired this would be an additional $3,000. <br />Jay Demma <br />Direct 651 - 967 -4551 <br />jay.demma©bonestroo.com <br />1 <br />