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Regular City Council Meeting AND Board of Adjustments and Appeals Monday,July 16,2012 Page 38 Mr. Matzek reiterated that Wal-Mart was not seeking any TIF subsidy, and believed in being responsible to provide any improvements for their impact to the City's infrastructure now and into the future as they were projected. Essentially, Mr. Matzek stated that Wal-Mart believed they fit well into compliance, and their goals had always been to do so. Mr. Matzek thanked the public, the Commission, and staff for their time at tonight's meeting. At the request of Member Pust, Mr. Matzek introduced Mike Simms to address the two (2) mile radius comment. Mike Simms, President of Mid-America Real Estate,Wal-Mart Broker for MN Mr. Simms advised that existing stores tracked every customer using their store; noting that the Saint Anthony Wal-Mart store was currently seeing customer demand from the Roseville community. Mr. Simms cited data gleaned from the International Council of Shopping Centers a global trade association, an industry standard that outlined the definition and square footage of various retail designations and the trade area they pulled from. Regional center develop- ments are over 800,000 sq. ft in buildings and are located on 60 — 100 acres and draw from a radius of 5 to 25 miles. Community Center developments range in size from 125,000 to 400,000 sq. ft. in building size over 10-40 acres and draw from a radius of 3 to 6 miles. A neighborhood center development ranges from 30,000 to 125,000 sq. ft. in building size and are located on 3-5 acres and draw from a radius of 1 to 3 miles. Mr. Simms noted that were seven (7) regional malls in the metropolitan area. Mr. Simms further noted that Wal-Mart has twenty-five (25) stores in the metropolitan area, and that Target had fifty (50) stores in that same area. Mr. Simms opined that both Wal-Mart and Target had departed from a regional draw to a major shopping designation when they got into the grocery component. As a refer- ence point, Mr. Simms noted that shopping areas such as that in Maple Grove, MN was con- sidered a Community Center. Mr. Simms advised that the lessons had been learned over the years, and the last regional mall had been built at Eden Prairie Center over thirty-five (35) years ago. At the request of Member Pust, Mr. Simms reviewed important distinctions of stores within specific trade areas, and their proximity to each other. Mr. Simms also responded to Member Pust regarding the compatible uses generated by Wal-Mart and examples of those mid-box ten- ants based on available space (e.g. T.J. Max, Homegoods, Michaels, Office Max), as well as restaurants and additional service retailers that benefit from similar customers. As far as res- taurant uses, Mr. Simms advised that the marketplace was seeing limited full-service, sit-down restaurant growth, but the consumer was gravitating to "quick service" providers, such as Pen- era Breads, as an example. Community Development Analysis Community Development Director Patrick Trudgeon