PA315 Economic Development Case Study
haixin hu
PA315Antil-mallHaixinHu.pptxRiverside, California anti-mall retail project
Haixin Hu
February 6, 2019
PA 315
Professor Sharon Pierce
Main Content
Introduction
Identify the role government played
The economic impact to the community
Conclusion
Introduction
Riverside, California
which has sat vacant since 2007
Lot Size：Approximately 42,253 square feet
Total Building Area: 10,000 square feet
Historically a motel
https://riversideca.gov/successoragency/pdf/City%20Properties/Former%20Farm%20House%20Motel.pdf
similar to The Lab in Costa Mesa
Apparel
Drink & food
Hair Salon
Music & Art
Open on MON – THURS & SUN 10AM – 9PM, FRI & SAT 10AM – 10PM
IDENTIFY THE ROLE GOVERNMENT PLAYED
Identify the role government played
Promoter of business
According to Inlandempire.us，“The Riverside City Council voted unanimously tonight (8/14) to sell the 0.97-acre property at 1393 University Avenue to a local firm, Bailey California Properties LLC, for $210,000. ”
Provider of infrastructure
Service provider
THE economic impact to the community
total investment estimated at $4.5 million could generate more than $550,000 in sales taxes each year and another $6,300 in property taxes
reate 30 construction jobs and 97 full- and part-time jobs.
Economic Impact
Spark private investment and job growth across Riverside
Thousands of would-be customers are living and studying not even a half-mile away at UCR
Increase employment rate nearby
CONCLUSION
This is a very meaningful project
Providing a diverse venue for the local area
There is potential for success as it is close to the UCR. It will attract many local students.
The government officials at riverside are also very optimistic about this project, so it has been approved by the government to a certain extent.
Thank you!
Resources
https://riversideca.gov/successoragency/pdf/City%20Properties/Former%20Farm%20House%20Motel.pdf
https://riversideca.gov/press/vacant-university-avenue-motel-slated-revamp-shoppingdining-spot
https://inlandempire.us/riverside-farm-house-motel-near-ucr-could-be-transformed-into-an-anti-mall/
