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Potential North Chatham Wal-Mart
CCEC Bulletin - July 6 , 2005

On this page: 

What We Know and Don't Know  


Q&A about Wal-Mart    


Impact on Chatham-Chart     


Bibliography  







Impact on Chatham-Chart     

 

Type of Impact

Positives

Negatives

Net Effects

Employment

1.  New jobs created by Wal-Mart (some of which will go to local residents)

1.  Job losses at local competing losses (some of which are occupied by local residents)

1.  Probably positive

Direct Economic

1.  Wages of new Wal-Mart employees

2.  Lower prices for consumers

1.  Lost earnings associated with job losses in competing  businesses

1.  Probably  positive

2.  Definitely positive

Indirect Economic

1.  Spillovers to some local businesses (e.g. more “drive-by” shoppers)

2.  Increased local retail activity associated with earnings of Wal-Mart employees

1.  Lost spillover business at nearby malls (e.g., Cole Park)

2.  Lost local retail activity associated with job losses at competing businesses

3.  Loss of business for local firms servicing competing businesses (e.g., insurance, accountants, etc.)

1. Very likely negative

 

2. Probably positive

 

3.  Definitely negative

Fiscal

1.  Increased sales tax revenues

 

2.  Increased property tax revenues

1.  Lost sales tax revenues from competing businesses

2.  Increased demand for county waste management, police services

1.  Very likely positive

 

2.   ???

Quality of Life

1.   Easier access to some consumer items not currently sold in North Chatham County

1.  Increased traffic

2.  Less than pleasing appearance of 60-acre malls

3.  Possible increase in crime

???

Nearby Property Values

 

 

???