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City Foods’ is a ‘value proposition’ It is an opportunity in supporting the community... •Provide goods and services into an area lacking them •Keeps capital inside the community •Create a “Downtown Anchor” •Would increase downtown livability and enhance local property values •Consider the VALUE of having……. •A full-service grocery in downtown •A business with ~ 2+ million dollars retail sales annually •30 employees working downtown (with benefits) •A ‘Downtown Destination’ anchor and magnet •One less empty storefront •Year-round point of sale for locally grown produce • Local money kept more local! ======================================== THINGS WE ALREADY KNOW: •West Lafayette supported a food co-op for 25 years: 1970 – 1995 •Lafayette shares demographics with towns supporting successful food co-ops •Co-ops have greatest support in college communities •Co-ops provide local social and economic benefits unavailable elsewhere ================================================== WHY DOWNTOWN? •Downtown is a cultural center, the core of the city •Trolley and proximity to bus station •Proximity to University •Food desert – downtown really needs more food shopping for its population base
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