Marketplace profits will leave town | PostIndependent.com
YOUR AD HERE »

Marketplace profits will leave town

Dear Editor,

Consider the economic effects of a big-box retailer. I see them as an efficient mechanism for extracting capital from a community and keeping it.

A local retailer will cycle investments and profits back into the community. Often the same dollar that you spend with your local retailer comes back to be spent in town again and again, being taxed each time.



Thus a community with $40 million to spend might show $70 million in gross sales. However, the big-box retailer leaves little capital with the community. Of its $92 million optimum gross, $2.5 million might stay as pay checks, $6.5 million as county and city taxes and $1 million for utilities and plowing the driveway. About 9 percent stays in the valley and the rest of Carbondale’s capital goes to China and the big box’s corporate headquarters.

Additional costs for Carbondale will include an extended period of highway construction and debt, the need for a larger police force, deterioration of air and water quality, traffic congestion and the loss of an opportunity to show the world an example of Conscious Community in America. Please, vote early and vote “no.”



John Hoffmann

Carbondale


Support Local Journalism

Support Local Journalism

Readers around Glenwood Springs and Garfield County make the Post Independent’s work possible. Your financial contribution supports our efforts to deliver quality, locally relevant journalism.

Now more than ever, your support is critical to help us keep our community informed about the evolving coronavirus pandemic and the impact it is having locally. Every contribution, however large or small, will make a difference.

Each donation will be used exclusively for the development and creation of increased news coverage.

 

Start a dialogue, stay on topic and be civil.
If you don't follow the rules, your comment may be deleted.

User Legend: iconModerator iconTrusted User


News

Jamestown Revival at Belly Up

Jamestown Revival released “Young Man” – its third pandemic-recorded album – in mid-January and is on a winter tour that that includes a four-date Colorado run with stops in Denver, Telluride and Fort Collins before culminating in a sold-out Belly Up Aspen show on Sunday, Jan. 30.



See more