Laserfiche WebLink
6 <br />2011 Buxton CommunitylD3 <br />The City of Ramsey had consulted with Buxton in 2011 to develop and analyze Ramsey's <br />Consumer Market. Ramsey had pre -selected two existing retail nodes, the COR and Highway <br />47/167th Ave, as areas hopeful for retail development and revitalization. Buxton develops their <br />retail consumer market for analysis by determining a twelve minute drive time radius around the <br />specified site (see Figure 1 and Figure 2). The demographics, as well as spending excess and <br />leakages are then determined from this drivetime-based market. Retail development and <br />consumer spending does not abide by city limits or political jurisdictions, rather spending ability <br />and proximity to consumers. <br />The purpose of Buxton's site assessments was to provide Ramsey with a "Customer Profile" <br />highlighting the types of consumers residing within Ramsey's determined market area. <br />Ultimately the assessment was able to indicate which store types or categories were existing <br />and successful in the market area, and which were missing, and losing sales to locations <br />outside the trade area. This assessment of existing assets compared to leakages is common, <br />Ramsey, Minnesota: Trade Area <br />mopping cme� <br />r <br />Qiz iti.s onw nne - <br />* s, <br />Figure 1: Hwy 47 & 167th Ave NW Retail Trade Area <br />Ramsey, Minnesota: Trade Area <br />Figure 2: The COR Retail Trade Area <br />3 Buxton CommunitylD Retail Site Assessment, City of Ramsey, completed July 21st, 2011 <br />http://156.142.212.178:8080/docs/2016/CCReg/20160913_6217/6635_Buxton2011. pdf <br />