Simi Valley and Local Businesses

Ted Mackel published one of the most interesting articles I’ve read related to the City of Simi Valley and how they work with local businesses.  As a local business owner, I definitely found his take interesting.  His first point grabbed me immediately…

The Future of Simi Valley Retail is under attack and round one will prove to be tough reality for Simi Valley as the Thousand Oaks Mall will again take shoppers away from local businesses.

It’s an excellent point.  Rumor has it, the Oaks Mall began its redesign phase in direct response to the potential threat to its business resulting in new area malls, namely Simi Valley Town Center.

The opening of the Simi Mall was a well celebrated event in our town, promising an influx of new sales tax dollars to Simi Valley’s general fund.  Of course, small business owners, like Bruce Witkin (former candidate for Simi Valley mayor) were disenchanted by the idea of a mall that takes shoppers from the smaller strip malls and plants them in the Town Center mall, despite the increase tax revenue to the city.  You see, this particular example of increased tax revenue represents a potential loss to small business owners who aren’t in the mall, including restaurants.  Remember Hudson’s Grill?  Who’d have ever expected that restaurant to close?  But they did, and the reason they cited was the loss in foot traffic resulting from the new mall.

Ted goes on to discuss not only the Oaks Mall redesign, but also the Topanga Mall’s planned enhancements as well…

Something this exciting and this large will definitely draw shoppers out of Simi Valley and no matter how much our Chamber of Commerce and our City Council fight to convince Simi Valley residents to “Shop Simi Valley First”,  these two modern and behemoth projects (TO & Westfield) that bookend our town cannot be willed away.  This is like trying to hide and elephant under the living room carpet.

Give the article a read by clicking here.  It’s not a message of doom, but rather a few suggestions from someone with a few generations of real estate development under his belt.

http://www.homebuysblog.com/

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