Utilizing economic theories of retail to revitalize inner-city neighborhood business districts : the case of Uphams Corner Main Street

Thesis (M.C.P.)--Massachusetts Institute of Technology, Dept. of Urban Studies and Planning, 1999.
Includes bibliographical references (leaves 113-118).
Community development corporations, as well as other stakeholder organizations in inner-city areas, are increasingly taking on the tasks of economic development in general and commercial revitalization in particular. In order to improve the effectiveness of these interventions, this thesis has two purposes: 1) to provide a rigorous, widely applicable framework for approaching the task of revitalizing inner-city neighborhood business districts, and 2) to provide an example of how this framework can be used by applying it to the Uphams Corner neighborhood in Dorchester, Massachusetts. Four economic theories of retail provide the backbone of this framework. Economists use these theories to explain the success of malls and to describe what attracts people to one shopping area over another. This thesis also uses the theories to explore the strategy of orienting commercial districts around particular niches or clusters of stores. While many have recommended niche-based strategies, they do not explicitly connect this to the economic dynamics of retail areas. Therefore, this thesis seeks to explain: 1) what creates the connection between stores in various types of niches, 2) how the nature of competition between stores differs across various types of niches, 3) how these theories can be used to develop concrete strategies for working with existing stores and recruiting new ones, and 4) which types of new stores will be the most successful and add the most to the health of the area. In the process of developing this framework, the thesis describes a number of doubts as to whether the economic theories of retail are applicable to inner city areas. If these doubts can not be overcome, it does not make sense to use the theories in these districts. The first doubt concerns whether or not commercial revitalization in general, and the economic theories in particular, can be used to achieve the goals of community economic development. The second is that improving factors such as pa
by Andy Waxman.
M.C.P.