The Fiscal Impact of Regional Malls on Central Business Districts in Small Cities

摘要

The report is a case study of retail shopping malls in three cities. The impact of the malls on the Central Business District is analyzed in terms of sales tax revenue, the market values of commercial properties, assessment rates and rental values both before and after the opening of a mall. No analysis is undertaken of net fiscal effects at the regional level, nor are second-order effects studied. In most cases, the establishment of a regional shopping mall has an immediate, measurable and longterm negative impact on the Central Business District. Sales tax revenues, property values, assessment and rental rates were all adversely affected.