Retail investment survey

 

Campaign to Fight Retail Redlining:
Seeking More Stores and Restaurants

by David Mekarski, AICP,
Village Administrator


The Village of Olympia Fields has received two Federal Earmarks from
Congress sponsored by Congressman Jesse Jackson Jr. and Senator Richard Durbin, totaling close to a quartermillion dollars. The project, designed as a retail investment strategy will explore the process of Retail Redlining which limits the diverse communities of the Chicago Southland from achieving our true economic potential.

I have defined Retail Redlining as “Continuation and perpetuation of the
process of unconscious racism which predominates retail location decisions. This social dysfunction is one of the most pervasive and insidious forms of racism which still exists in America today. National retailers tend not to move beyond the demographics of race to examine the hard locational criteria a community can yield, because the individual making the decision for a retail site location infers his/her bias’s, perceptions and/or connotation of a ‘black community’; rather than
examining the true demographics of that community, which can clearly
demonstrate that the retailer can make a profit equal to or greater than a
homogeneous Caucasian community.”


Simply put, national retailers often examine the percentage of
African Americans that live in a given community and assume that the
community is poor, uneducated and has a high crime rate; and therefore a poor candidate for retail investment. In other words they all too often only examine the “cover, not the contents".

As residents and business leaders of the diverse communities within the
Chicago Southland, we recognized that this is entirely false! Olympia Fields average household income is 2 ½ times that of the county or state. Eighty percent of our residents have a college degree or higher, and our home values are two to three time higher than the average home values for the county and state. Population, rooftops and traffic counts are all beyond the margins that would normally attract “Class A national retailers”.

To break the glass ceiling on the process of Retail Redlining, Olympia
Fields is leading a four community effort, composed of ourselves and the
Villages of Matteson, Park Forest and Richton Park. A Steering Committee has been established leading a professional consulting team, in concert with researchers from UIC to develop innovative tools to market our four communities to new retail investment. The Steering Committee is composed of elected representatives and key stakeholders of our communities, owners and managers of area retail centers and members of the retail brokerage community.

In order to successfully accomplish our project scope, the Village needs your help telling store and restaurant developers how to better serve your shopping and dining desires. The Villages of Matteson, Olympia Fields, Park Forest and Richton Park have joined together to study retail investment patterns that affect what stores and restaurants are locally available. Click here to complete the survey form. Your survey answers will reveal important information that, when combined with the answers of
others, could lead to new shopping and dining opportunities. Do not
miss this chance for your voice to be heard.

The Retail Investment Patterns Study will extend over two years and give you an opportunity for your voice to be heard. Please take this first step
and respond to the survey. This project goes beyond the confinement of our four villages. We are embarking on a national demonstration project which could assist other upwardly mobile diverse communities across the United States achieve economic sustainability. In the end, it’s not just about shopping convenience.

Retail location defines a community’s economic welfare delivering property and sales tax revenues, jobs and investment. If we fail to reverse this trend, the diverse communities across the United States will not archive their equitable share of dollars that can fund better schools, parks, police, fire, roads, and other amenities that define both. 

 

 
Contact us at volfields1@olympia-fields.com