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Retail report warns of sales‑tax risk; city urged to reposition Promenade and expand experiential offerings
Summary
City economic development staff presented a Temecula retail overview showing strong sales-per-capita and low vacancy but large leakage in online and certain retail categories; the report recommends tenant‑mix refinement, experience-driven retail and targeted reinvestment in the Promenade and Old Town.
City economic development staff presented findings from a Temecula retail overview (Beacon Economics/HDL) that identified strengths and risks in the city’s retail sector and outlined strategies to protect sales-tax revenue.
Mary Cervantes said Temecula generated roughly $47.4 million in point-of-sale tax revenue in 2024 and has about 8.3 million square feet of retail…
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