Quote:
Originally Posted by ScreamingViking
For retail, it's not just about the number of people in the market area, but what they're able to spend.
An increase in local residents (and employees) with larger disposable incomes would attract more higher-end stores in Jackson Square.
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Agreed. One day EcDev will be sufficiently impressed with downtown to update their
Downtown Hamilton Profile, which illustrates that dichotomy:
• 64% of Downtown residents aged 15 and over have incomes below $20,000 per year
• One quarter of Downtown workers earn $60,000+
That data is now 13 years old. Maybe something to flag.
In any event, creating a downtown filled with high-paying jobs and workers inclined to live within walking distance of those jobs instead of in the suburbs would help a lot.