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Fletcher reviews retail-recruitment plan, seeks retail-rehab grant opportunities
Summary
Council heard a presentation from consulting firm Retail Strategies showing a wide trade area and retail ‘gaps’ (notably grocery and fuel), and staff said consultants will begin outreach to brokers and property owners while staff pursues a possible retail-rehabilitation grant for the Plaza shopping center.
Fletcher Town Council on Tuesday reviewed a retail-recruitment presentation and discussed a potential retail-rehabilitation grant aimed at attracting and supporting new businesses in town.
Town Manager (name not specified in transcript) summarized the Retail Strategies analysis and said the consultants used mobile data and demographic mapping to define a customized trade area that stretches into neighboring communities. The manager said the trade-area analysis estimates total market supply at about $1.7 billion and that the consultants identified a gap — which the presentation described as “over $100 million higher” and which the presenter characterized as “just almost $115 million”…
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