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1:=w <br />From: <br />Peg Cavanaugh <br />Sent: <br />Th�uirsday, March 3,1, 2011'3:30 PM <br />To: <br />Bryan Lloyd <br />Subject: <br />pawn shop permiit <br />Follow Up Flag: <br />Fol�l�ow uip <br />Flag Status: <br />Compl�eted <br />Dear Mr Lloyd, <br />I have recently learned from my reel hbor, Dr. Katherine Park, that the <br />planning commission is again considering a permit for a pawn s,hop. I <br />live just outside the circle of notification, on Eldridge Avenue. <br />I am strongly opposed to a pawn shop at this location. Studies, show <br />that the presence of fringe financial institutions, are an indicator <br />of neighborhood decline and lead to disinvestment in both residential <br />and bus,ines,s, properties,. Other studies, clearly link predatory lending <br />with violent crime, and broad community costs,., even for those who are <br />not customers,. <br />If time permits,, I would like to briefly share these findings, with the <br />commis,s,ion on the 6th of April. <br />Thank you for not forwarding my interest in this issue to Yellow Dog <br />Holdings,, as happened in 2008. <br />Sincerely, <br />Margaret Cavanaugh <br />Attachment E <br />Page 51 of 56 <br />