Community. And its reasonable to think it is one of the things that makes San Francisco attractive to residence it has an Economic Impact we know for example people will pay more to live in a house in San Francisco than other city and people agree to have less wages in San Francisco than the bay area. We dont have the guidance there thats one of the reasons an approach that focuses on a case by case situation and considers the views of the residents in the may be is very important to so the basis of our report is theres 3 things to look at when regulating formula retail what are the relative prices between a proposed formula retail and the other prices consumers might face and what evidence if any the consumer pays more than in the economy and whats the view of the residents of the neighborhood in terms of how the formula retail effects their perception depending on the 3 outcomes you can find a situation in which approving a formula retail burglary be good for the economy or adverse.
Looked at it and didnt find any systematic thing we have no conclusion on that. And the issue about commercial rent that may be true that commercial rents are slithering lowered by not having formula retail we didnt think f that was clear because we dont know how much rent circulates in the city. If theres a lack of creates a vacancy in which it is making the neighborhood less attractive but if the rents are lower because theres no formula retail that didnt have an economic go impact that goes beyond the Property Owner so that leads us to the fifth issue again, were not able to get the numbers the question how formula retail focuses the neighborhood the formula retail amongst the population is not direct evidence but a sign that people care about this issue in the community. And its reasonable to think it is one of the things that makes San Francisco attractive to residence it has an Economic Impact we know for example people will pay more to live in a house in San Francisco than other
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