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HomeMy WebLinkAboutEver Vail Sales Tax Model 101810 DRAFT Sales Tax and Sales Erosion Analysis EverVail Fiscal Impact Analysis October 18, 2010 Economic & Planning Systems 1 of 19 October 18, 2010 DRAFT Table A Table of Contents Ever Vail Sales Tax Model Table Description Expenditures and Sales Tax Calculation Table 1 Retail Development Program Table 2 Project Visitor/Resident Expenditure Potential Table 3 Spending Pattern Assumptions Table 4 Ever Vail Visitor/Resident Spending in Project Table 5 Ever Vail Visitor/Resident Spending Outside Project Table 6 Net New Retail Sales Estimate for Sales Tax Calculation -Town Wide Table 7 Total Retail Spending and Sales Tax Sales Flows and Potential Erosion Table 8 Ever Vail Retail Sales by Source Table 9 Potential Sales Erosion or Sales Transfers as a Percentage of Existing Vail Retail Sales Table 10 Net Sales Flows to and From Ever Vail Appendix Tables Table A1 Estimated Day Visitors Spending Table A2 Project Resident Total Income Table A3 Permanent Resident Retail Expenditure Potential Table A4 Vail Village Retail Sales Table A5 Lionshead Retail Sales Table A6 West Vail, Cascade, and Other Areas Sales H:\20812 Ever Vail Fiscal Analysis\Models\[20812-EV Sales Tax Model 10-18-2010.xls]TOC Economic & Planning Systems 2 of 19 October 18, 2010 DRAFT Table 1 Retail Development Program Description Phase I Phase II Phase I Phase II Square Feet Restaurant 22,103 0 22,103 22,103 Retail 16,999 0 16,999 16,999 Convenience Goods 14,156 0 14,156 14,156 Total 53,258 0 53,258 53,258 Source: Vail Resorts Development Corp., Economic & Planning Systems H:\20812 Ever Vail Fiscal Analysis\Models\[20812-EV Sales Tax Model 10-18-2010.xls]1-P rogram By Phase Cumulative Economic & Planning Systems 3 of 19 October 18, 2010 DRAFT Table 2 Project Visitor/Resident Expenditure Potential Description Retail Conv. F&B Total Retail Conv. F&B Total Retail Conv. F&B Total Phase I Hotel 33,510 $60 $10 $100 $170 $2,011,000 $335,000 $3,351,000 $5,697,000 $2,011,000 $335,000 $3,351,000 $5,697,000 Branded Residences in Rental Pool 21,070 60 30 75 165 1,264,000 632,000 1,580,000 3,477,000 1,264,000 632,000 1,580,000 3,477,000 Condos in Rental Pool 22,200 60 30 40 130 1,332,000 666,000 888,000 2,886,000 1,332,000 666,000 888,000 2,886,000 Second Home Condos 15,000 30 30 20 80 450,000 450,000 300,000 1,200,000 450,000 450,000 300,000 1,200,000 Residents [1] ---------------289,000 189,000 85,000 563,000 289,000 189,000 85,000 563,000 Parking Day Visitors [1] ---------------555,000 273,400 410,100 1,238,500 555,000 273,400 410,100 1,238,500 Totals 91,780 $5,901,000 $2,545,400 $6,614,100 $15,061,500 $5,901,000 $2,545,400 $6,614,100 $15,061,500 Phase II Hotel 0 $60 $10 $100 $170 $0 $0 $0 $0 $2,011,000 $335,000 $3,351,000 $5,697,000 Branded Residences in Rental Pool 0 60 30 75 165 0 0 0 0 1,264,000 632,000 1,580,000 3,477,000 Condos in Rental Pool 20,940 60 30 40 130 1,256,000 628,000 838,000 2,722,000 2,588,000 1,294,000 1,726,000 5,608,000 Second Home Condos 0 30 30 20 80 0 0 0 0 450,000 450,000 300,000 1,200,000 Residents [1] ---------------377,000 247,000 111,000 735,000 666,000 436,000 196,000 1,298,000 Parking Day Visitors [1] ---------------555,000 273,400 410,100 1,238,500 1,110,000 546,800 820,200 2,477,000 Totals 20,940 $2,188,000 $1,148,400 $1,359,100 $4,695,500 $8,089,000 $3,693,800 $7,973,200 $19,757,000 [1] See Tables 6 through 8 for further detail. Source: Economic & Planning Systems H:\20812 Ever Vail Fiscal Analysis\Models\[20812-EV Sales Tax Model 10-18-2010.xls]2-Expend Pot Visitor $/Pers./Day Expenditure Potential by Phase Days Cumulative Expenditure Potential Economic & Planning Systems 4 of 19 October 18, 2010 DRAFT Table 3 Spending Pattern Assumptions Phase Retail Conv. F&B Retail Conv. F&B Retail Conv. F&B Retail Conv. F&B Phase I Hotel 25% 75% 35% 65% 25% 55% 10% 0% 10% 100% 100% 100% Branded Residences in Rental Pool 25% 75% 35% 65% 25% 55% 10% 0% 10% 100% 100% 100% Condos in Rental Pool 25% 65% 35% 65% 35% 55% 10% 0% 10% 100% 100% 100% Second Home Condos 25% 50% 35% 65% 40% 55% 10% 10% 10% 100% 100% 100% Residents 15% 35% 35% 75% 50% 55% 10% 15% 10% 100% 100% 100% Parking Day Visitors 50% 100% 35% 50% 0% 65% 0% 0% 0% 100% 100% 100% Phase II Hotel 25% 75% 35% 65% 25% 55% 10% 0% 10% 100% 100% 100% Branded Residences in Rental Pool 25% 75% 35% 65% 25% 55% 10% 0% 10% 100% 100% 100% Condos in Rental Pool 25% 65% 35% 65% 35% 55% 10% 0% 10% 100% 100% 100% Second Home Condos 25% 50% 35% 65% 40% 55% 10% 10% 10% 100% 100% 100% Residents 15% 35% 35% 75% 50% 55% 10% 15% 10% 100% 100% 100% Parking Day Visitors 50% 100% 35% 50% 0% 65% 0% 0% 0% 100% 100% 100% Source: Economic & Planning Systems H:\20812 Ever Vail Fiscal Analysis\Models\[20812-EV Sales Tax Model 10-18-2010.xls]3-Capture Rates % Spent in Ever Vail % Spent Elsewhere in Vail Leakage % Total Economic & Planning Systems 5 of 19 October 18, 2010 DRAFT Table 4 Ever Vail Visitor/Resident Spending in Project Description Retail Conv. F&B Retail Conv. F&B Total Retail Conv. F&B Retail Conv. F&B Total Phase I Hotel 25% 75% 35% $503,000 $251,000 $1,173,000 $1,927,000 25% 75% 35% $503,000 $251,000 $1,173,000 $1,927,000 Branded Residences in Rental Pool 25% 75% 35% 316,000 474,000 553,000 1,343,000 25% 75% 35% 316,000 474,000 553,000 1,343,000 Condos in Rental Pool 25% 65% 35% 333,000 433,000 311,000 1,077,000 25% 65% 35% 333,000 433,000 311,000 1,077,000 Second Home Condos 25% 50% 35% 113,000 225,000 105,000 443,000 25% 50% 35% 113,000 225,000 105,000 443,000 Residents 15% 35% 35% 43,000 66,000 30,000 139,000 15% 35% 35% 43,000 66,000 30,000 139,000 Parking Day Visitors 50% 100% 35% 278,000 273,000 144,000 695,000 50% 100% 35% 278,000 273,000 144,000 695,000 Totals $1,586,000 $1,722,000 $2,316,000 $5,624,000 $1,586,000 $1,722,000 $2,316,000 $5,624,000 Phase II Hotel 25% 75% 35% $0 $0 $0 $0 25% 75% 35% $503,000 $251,000 $1,173,000 $1,927,000 Branded Residences in Rental Pool 25% 75% 35% 0 0 0 0 25% 75% 35% 316,000 474,000 553,000 1,343,000 Condos in Rental Pool 25% 65% 35% 314,000 408,000 293,000 1,015,000 25% 65% 35% 647,000 841,000 604,000 2,092,000 Second Home Condos 25% 50% 35% 0 0 0 0 25% 50% 35% 113,000 225,000 105,000 443,000 Residents 15% 35% 35% 57,000 86,000 39,000 182,000 15% 35% 35% 100,000 153,000 69,000 322,000 Parking Day Visitors 50% 100% 35% 278,000 273,000 144,000 695,000 50% 100% 35% 555,000 547,000 287,000 1,389,000 Totals $649,000 $767,000 $476,000 $1,892,000 $2,234,000 $2,491,000 $2,791,000 $7,516,000 Source: Economic & Planning Systems H:\20812 Ever Vail Fiscal Analysis\Models\[20812 -EV Sales Tax Model 10-18-2010.xls]4-EV Capture Expenditures Spending In Ever Vail by Phase Cumulative Spending In Ever Vail Percent Expenditures Percent Economic & Planning Systems 6 of 19 October 18, 2010 DRAFT Table 5 Ever Vail Visitor/Resident Spending Outside Project Description Retail Conv. F&B Retail Conv. F&B Total Retail Conv. F&B Retail Conv. F&B Total Phase I Hotel 65% 25% 55% $1,307,000 $84,000 $1,843,000 $3,234,000 65% 25% 55% $1,307,000 $84,000 $1,843,000 $3,234,000 Branded Residences in Rental Pool 65% 25% 55% 822,000 158,000 869,000 1,849,000 65% 25% 55% 822,000 158,000 869,000 1,849,000 Condos in Rental Pool 65% 35% 55% 866,000 233,000 488,000 1,587,000 65% 35% 55% 866,000 233,000 488,000 1,587,000 Second Home Condos 65% 40% 55% 293,000 180,000 165,000 638,000 65% 40% 55% 293,000 180,000 165,000 638,000 Residents [1] 75% 50% 55% 217,000 95,000 47,000 359,000 75% 50% 55% 217,000 95,000 47,000 359,000 Parking Day Visitors [1] 50% 0% 65% 278,000 0 267,000 545,000 50% 0% 65% 278,000 0 267,000 545,000 Totals $3,783,000 $750,000 $3,679,000 $8,212,000 $3,783,000 $750,000 $3,679,000 $8,212,000 Phase II Hotel 65% 25% 55% $0 $0 $0 $0 65% 25% 55% $1,307,000 $84,000 $1,843,000 $3,234,000 Branded Residences in Rental Pool 65% 25% 55% 0 0 0 0 65% 25% 55% 822,000 158,000 869,000 1,849,000 Condos in Rental Pool 65% 35% 55% 0 0 0 0 65% 35% 55% 1,682,000 453,000 949,000 3,084,000 Second Home Condos 65% 40% 55% 816,000 251,000 461,000 1,528,000 65% 40% 55% 293,000 180,000 165,000 638,000 Residents [1] 75% 50% 55% 0 0 0 0 75% 50% 55% 500,000 218,000 108,000 826,000 Parking Day Visitors [1] 50% 0% 65% 189,000 0 72,000 261,000 50% 0% 65% 555,000 0 533,000 1,088,000 Totals $1,005,000 $251,000 $533,000 $1,789,000 $5,159,000 $1,093,000 $4,467,000 $10,719,000 [1] See Appendix Tables for further detail. Source: Economic & Planning Systems H:\20812 Ever Vail Fiscal Analysis\Models\[20812-EV Sales Tax Model 10-18-2010.xls]5-Spent Elsewhere Spent in Vail, Outside Project -by Phase Spent in Vail, Outside Project -Cumulative Percent Expenditures Percent Expenditures Economic & Planning Systems 7 of 19 October 18, 2010 DRAFT Table 6 Net New Retail Sales Estimate for Sales Tax Calculation -Town Wide By Phase Phase I Restaurant $2,316,000 $3,679,000 $379,000 $6,374,000 Retail $1,586,000 $3,783,000 $708,000 $6,077,000 Grocer/Conv. $1,722,000 $750,000 $366,000 $2,838,000 Total $5,624,000 $8,212,000 $1,453,000 $15,289,000 Phase II Restaurant $476,000 $533,000 $48,000 $1,057,000 Retail $649,000 $1,005,000 $65,000 $1,719,000 Grocer/Conv. $767,000 $251,000 $77,000 $1,095,000 Total $1,892,000 $1,789,000 $190,000 $3,871,000 Cumulative Phase I Restaurant $2,316,000 $3,679,000 $379,000 $6,374,000 Retail $1,586,000 $3,783,000 $708,000 $6,077,000 Grocer/Conv. $1,722,000 $750,000 $366,000 $2,838,000 Total $5,624,000 $8,212,000 $1,453,000 $15,289,000 Phase II Restaurant $2,791,000 $4,467,000 $426,000 $7,684,000 Retail $2,234,000 $5,159,000 $772,000 $8,165,000 Grocer/Conv. $2,491,000 $1,093,000 $443,000 $4,027,000 Total $7,516,000 $10,719,000 $1,641,000 $19,876,000 Source: Economic & Planning Systems H:\20812 Ever Vail Fiscal Analysis\Models\[20812-EV Sales Tax Model 10-18-2010.xls]6-Total Sales Ever Vail Visitor/Resident, and Day Visitor Spending On-Site Ever Vail Visitor, Parking, and Resident Spending, Other Vail Locations 10% Inflow Sales Total Net New Sales Economic & Planning Systems 8 of 19 October 18, 2010 DRAFT Table 7 Total Retail Spending and Sales Tax Store Type Phase I Phase II Total By Phase Net New Sales Restaurant $6,374,000 $1,057,000 $7,431,000 Retail $6,077,000 $1,719,000 $7,796,000 Grocer/Conv. $2,838,000 $1,095,000 $3,933,000 Total $15,289,000 $3,871,000 $19,160,000 4.0% Town Sales Tax General Fund (60%) $367,000 $93,000 $460,000 Capital Fund (40%) $245,000 $62,000 $307,000 1.0% County Sales Tax Sales Tax $153,000 $39,000 $192,000 15% to Town $23,000 $6,000 $29,000 Cumulative Net New Sales Restaurant $6,374,000 $7,684,000 Retail $6,077,000 $8,165,000 Grocer/Conv. $2,838,000 $4,027,000 Total $15,289,000 $19,876,000 4.0% Town Sales Tax General Fund (60%) $367,000 $477,000 Capital Fund (40%) $245,000 $318,000 1.0% County Sales Tax Sales Tax $153,000 $199,000 15% to Town $23,000 $30,000 Source: Economic & Planning Systems H:\20812 Ever Vail Fiscal Analysis\Models\[20812-EV Sales Tax Model 10-18-2010.xls]7-Sales Tax Economic & Planning Systems 9 of 19 October 18, 2010 DRAFT Table 8 Ever Vail Retail Sales by Source Project Visitors/Inflow Residents, and Vail Village Lionshead West Vail from Total Description Parking Spending Erosion [1] Erosion [1] Erosion [1] Outside Vail [2] Sales By Phase Phase I Restaurant $2,316,000 $723,000 $749,000 $0 $379,000 $4,167,000 Retail $1,586,000 $2,685,000 $2,804,000 $0 $708,000 $7,783,000 Convenience Goods/Market $1,722,000 $0 $0 $1,938,000 $366,000 $4,026,000 Total $5,624,000 $3,408,000 $3,553,000 $1,938,000 $1,453,000 $15,976,000 Phase II Restaurant $476,000 $0 $0 $0 $48,000 $524,000 Retail $649,000 $0 $0 $0 $65,000 $714,000 Convenience Goods/Market $767,000 $0 $0 $0 $77,000 $844,000 Total $1,892,000 $0 $0 $0 $190,000 $2,082,000 Cumulative Phase I Restaurant $2,316,000 $723,000 $749,000 $0 $379,000 $4,167,000 Retail $1,586,000 $2,685,000 $2,804,000 $0 $708,000 $7,783,000 Convenience Goods/Market $1,722,000 $0 $0 $1,938,000 $366,000 $4,026,000 Total $5,624,000 $3,408,000 $3,553,000 $1,938,000 $1,453,000 $15,976,000 Phase II Restaurant $2,791,000 $723,000 $749,000 $0 $426,000 $4,689,000 Retail $2,234,000 $2,685,000 $2,804,000 $0 $772,000 $8,495,000 Convenience Goods/Market $2,491,000 $0 $0 $1,938,000 $443,000 $4,872,000 Total $7,516,000 $3,408,000 $3,553,000 $1,938,000 $1,641,000 $18,056,000 Percent of Ever Vail Sales Restaurant 60% 15% 16% 0% 9% 100% Retail 26% 32% 33% 0% 9% 100% Convenience Goods/Market 51% 0% 0% 40% 9% 100% Total 42% 19% 20% 11% 9% 100% [1] See Table 7 for erosion estimates. [2] Assumed to generate an additional 10% of sales. Source: Economic & Planning Systems H:\20812 Ever Vail Fiscal Analysis\Models\[20812-EV Sales Tax Model 10-18-2010.xls]8-Sales Flows Economic & Planning Systems 10 of 19 October 18, 2010 DRAFT Table 9 Potential Sales Erosion or Sales Transfers as a Percentage of Existing Vail Retail Sales Description % of Existing Sales $ % of Existing Sales $ % of Existing Sales $ Potential Erosion to Ever Vail A By Phase Phase I Restaurant 1.2% $723,000 25.0% $749,000 0.0% $0 $1,472,000 Retail 3.0% $2,685,000 10.0% $2,804,000 0.0% $0 $5,489,000 Convenience Goods 0.0% $0 0.0% $0 5.0% $1,938,000 $1,938,000 Total $3,408,000 $3,553,000 $1,938,000 $8,899,000 Phase II Restaurant 0.0% $0 0.0% $0 0.0% $0 $0 Retail 0.0% $0 0.0% $0 0.0% $0 $0 Convenience Goods 0.0% $0 0.0% $0 0.0% $0 $0 Total $0 $0 $0 $0 Cumulative Phase I Restaurant 1.2% $723,000 25.0% $749,000 0.0% $0 $1,472,000 Retail 3.0% $2,685,000 10.0% $2,804,000 0.0% $0 $5,489,000 Convenience Goods 0.0% $0 0.0% $0 5.0% $1,938,000 $1,938,000 Total $3,408,000 $3,553,000 $1,938,000 $8,899,000 Phase II Restaurant 1.2% $723,000 25.0% $749,000 0.0% $0 $1,472,000 Retail 3.0% $2,685,000 10.0% $2,804,000 0.0% $0 $5,489,000 Convenience Goods 0.0% $0 0.0% $0 5.0% $1,938,000 $1,938,000 Total $3,408,000 $3,553,000 $1,938,000 $8,899,000 [1] Assumed to be 10% of required sales. Source: Economic & Planning Systems H:\20812 Ever Vail Fiscal Analysis\Models\[20812-EV Sales Tax Model 10-18-2010.xls]9-Erosion Vail Village Lionshead Village West Vail Economic & Planning Systems 11 of 19 October 18, 2010 DRAFT Table 10 Net Sales Flows to and From Ever Vail Description Total Erosion (From Table 7) Project Expenditures, Other Locations (From Table 5) Net Sales Flows (+) To or (-) From Existing Businesses A B = B -A By Phase Phase I Restaurant $1,472,000 $3,679,000 $2,207,000 Retail $5,489,000 $3,783,000 -$1,706,000 Convenience Goods $1,938,000 $750,000 -$1,188,000 Total $8,899,000 $8,212,000 -$687,000 Phase II Restaurant $0 $533,000 $533,000 Retail $0 $1,005,000 $1,005,000 Convenience Goods $0 $251,000 $251,000 Total $0 $1,789,000 $1,789,000 Cumulative Phase I Restaurant $1,472,000 $3,679,000 $2,207,000 Retail $5,489,000 $3,783,000 -$1,706,000 Convenience Goods $1,938,000 $750,000 -$1,188,000 Total $8,899,000 $8,212,000 -$687,000 Phase II Restaurant $1,472,000 $4,467,000 $2,995,000 Retail $5,489,000 $5,159,000 -$330,000 Convenience Goods $1,938,000 $1,093,000 -$845,000 Total $8,899,000 $10,719,000 $1,820,000 [1] Assumed to be 10% of required sales. Source: Economic & Planning Systems H:\20812 Ever Vail Fiscal Fiscal Analysis\Models\[20812-EV Sales Tax Model 10-18-2010.xls]10-Sales Transfers Economic & Planning Systems 12 of 19 October 18, 2010 DRAFT Appendix Tables EverVail Fiscal Impact Analysis August 16, 2010 Economic & Planning Systems 13 of 19 October 18, 2010 DRAFT Table A1 Estimated Day Visitors Spending Description Factor Phase I Phase II Public and Retail Parking Spaces 200 200 Avg. People per Vehicle 2.6 2.6 % Annual Utilization 45% 45% Ski Season Days 365 365 Parking/Day Visitor Days 85,410 85,410 Retail $/Day/Person $13 $13 F&B $/Day/Person $16 $16 Total [1] $29 $29 F&B Spending -Convenience Goods 40% $546,800 $546,800 F&B Spending -Bars/Restaurants 60% $820,200 $820,200 Total F&B Spending 100% $1,367,000 $1,367,000 Annual Retail Spending $1,110,000 $1,110,000 Annual Convenience Goods Spending $546,800 $546,800 Annual Bar/Restaurant Spending $820,200 $820,200 Total Annual Spending $2,477,000 $2,477,000 Net New Day Visitors Reduction Annual Retail Spending 50% $555,000 $555,000 Annual Convenience Goods Spending 50% $273,400 $273,400 Annual Bar/Restaurant Spending 50% $410,100 $410,100 Total Net New Spending $1,238,500 $1,238,500 Cumulative Spending $1,238,500 $2,477,000 [1] Town of Vail Parking Survey. F&B category is allocated below into retail food and beverage and eating Source: Town of Vail Parking Survey, 2009 (RRC Associates), Economic & Planning Systems H:\20812 Ever Vail Fiscal Analysis\Models\[20812-EV Sales Tax Model 10-18-2010.xls]A1-Day Visit Spending Economic & Planning Systems 14 of 19 October 18, 2010 DRAFT Table A2 Project Resident Total Income Description Phase I Phase II Deed Restricted For-Sale Households 12 7 Household Income [1] $92,000 $92,000 Total Personal Income (TPI) $1,104,000 $644,000 Deed Restricted Rental Households [2] 8 26 Household Income $51,200 $51,200 Total Personal Income (TPI) $410,000 $1,331,000 Total Income $1,514,000 $1,975,000 [1] Claritas, 2009 [2] 80% of AMI, 2 person household Source: Claritas; Economic & Planning Systems H:\20812 Ever Vail Fiscal Analysis\Models\[20812-EV Sales Tax Model 10-18-2010.xls]A2-Resident TPI Economic & Planning Systems 15 of 19 October 18, 2010 DRAFT Table A3 Permanent Resident Retail Expenditure Potential % of Store Category TPI Phase I Phase II Total Personal Income $1,514,000 $1,975,000 Convenience Goods Supermarkets and Specialty Grocery Stores 6.2% $94,000 $123,000 Convenience Stores, Health, Beer, Wine & Liquor 6.3% $95,000 $124,000 Total Convenience Goods 12.5% $189,000 $247,000 Apparel and Sporting Goods 3.6% $55,000 $72,000 Other General Merchandise and Shoppers Goods 15.4% $234,000 $305,000 Food and Beverage 5.6% $85,000 $111,000 Total Retail Expenditures/Sales 37.2% $563,000 $735,000 [1] Estimated by comparing expenditures to actual store sales and sales tax data. Source: US Census of Retail Trade; Economic & Planning Systems H:\20812 Ever Vail Fiscal Analysis\Models\[20 812-EV Sales Tax Model 10-18-2010.xls]A3-Res Spending Expenditure Potential Economic & Planning Systems 16 of 19 October 18, 2010 DRAFT Table A4 Vail Village Retail Sales 2006 2007 2008 2009 Restaurants & Bars $64,069,000 $69,088,000 $67,237,000 $60,218,000 Apparel and Sporting Goods 67,723,000 70,024,000 62,743,000 53,115,000 Gifts, Galleries, Jewelry, and Other 52,426,000 55,285,000 45,420,000 36,369,000 Groceries, Beer/Wine/Liquor 3,904,000 3,461,000 3,083,000 2,998,000 Total $188,122,000 $197,858,000 $178,483,000 $152,700,000 Source: Town of Vail; Economic & Planning Systems H:\20812 Ever Vail Fiscal Analysis\Data\[20812-retail sales.xls]Vail Village Sum Economic & Planning Systems 17 of 19 October 18, 2010 DRAFT Table A5 Lionshead Retail Sales 2006 2007 2008 2009 Restaurants & Bars $2,045,000 $2,283,000 $3,619,000 $2,994,000 Apparel and Sporting Goods 17,625,000 18,529,000 24,725,000 24,053,000 Gifts, Galleries, Jewelry, and Other 7,092,000 6,949,000 5,481,000 3,984,000 Groceries, Beer/Wine/Liquor 717,000 896,000 1,750,000 1,758,000 Total $27,479,000 $28,657,000 $35,575,000 $32,789,000 Source: Town of Vail; Economic & Planning Systems H:\20812 Ever Vail Fiscal Analysis\Data\[20812-retail sales.xls]Vail Village Sum Economic & Planning Systems 18 of 19 October 18, 2010 DRAFT Table A6 West Vail, Cascade, and Other Areas Sales2006 2007 2008 2009 Restaurants & Bars $22,806,000 $21,622,000 $19,380,000 $16,243,000 Apparel and Sporting Goods 5,383,000 5,546,000 4,890,000 4,875,000 Gifts, Galleries, Jewelry, and Oth 14,130,000 16,357,000 16,325,000 11,923,000 Groceries, Beer/Wine/Liquor 39,369,000 41,052,000 42,202,000 38,766,000 Total $81,688,000 $84,577,000 $82,797,000 $71,807,000 Source: Town of Vail; Economic & Planning Systems H:\20812 Ever Vail Fiscal Analysis\Data\[20812-retail sales.xls]Vail Village Sum Economic & Planning Systems 19 of 19 October 18, 2010