Using Demographics to Answer Valuation Questions

Shenehon Company recently completed a study to determine whether a city’s decision to allow municipal vs private liquor affects the type of retail establishments willing to locate in a given city. In this unique analysis, the appraisal team correlated national retailer’s site location parameters with the presence/absence of municipal liquor. Shenehon Company’s analysis, lead by Scot Torkelson, CBA, presented an in-depth study of the site-location parameters used by retail giants typically found in metropolitan areas similar to Lakeville, MN.

Links to articles describing the study follow:
Pioneer Press – Lakeville study: Lose municipal liquor sales, pay more in property taxes
Thisweek Newspapers – Update: Study results suggest Lakeville keep its municipal liquor
iStockAnalyst – Lakeville study shows municipal liquor is a winner
Lazy Lighting – Lakeville Liquor Study: Close Stores, Raise Taxes