The Crossville city council agreed to
hire a retail consultant firm to help the city recruit retail and
restaurant businesses to the community.
The council spent several hours hearing
from three different companies that provide the services during a
work session held on May 26.
The
three firms that spoke to the council included Retail Strategies,
R360 and Buxton. All three companies pitched their services to the
city with the idea that they could help increase sales tax
collections by recruiting large retail stores and restaurant chains.
A
three year contract with one of the firms would total around
$100,000. All the firms do detailed market analysis, and study the
so-called market leakage or dollars spent by residents that go to
other locations in order to see if a Crossville location would be
feasible based on the local spending. Harris asked that the item be
placed on the council's agenda and started her discussion saying that
a decision was needed in order “to get this ball rolling.”
The
firm called r360 is located in Birmingham Alabama and according to
council member Pamala Harris had the more flexible contract for the
city. The council had placed funds in the 2016-17 budget for hiring
a retail consultant and Harris moved to choose r360 as the firm to
work with the city. Harris' motion received a second from councilman
Jesse Kerley. After a brief discussion, the motion was amended to
add that the city would begin negotiations with the firm.
The
motion was approved unanimously.
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