2005/06/15 Council Agenda Packet

- As a result, twice as many houses were substantially lower prices than would Area's market performance been typical in question. placed on the market at be expected had the Study for the period of time - The great majority of appraisers (75%) who responded to a na- tional survey of certified real estate appraisers felt that an adult bookstore located within one block would have a negative effect on the value of both residential (8010) and commercial (72%) properties. 5010 of these respondents foresaw an immedi- ate depreciation in excess of 1010. At a distance of three blocks, the great majority of respon- dents (71%) felt that the impact of an adult bookstore fell off sharply so that the impact was negligible on both residential (64%) and commercial (7710). At the same time, it appears that the residual effect of such a use was greater for residential than for commercial properties. - In answer to a survey question regarding the impact of an adult bookstore on property values generally, 50% felt that there would be a substantial -to -moderate negative impact, 30% saw little or no impact, and 2010 saw the effect as being dependent on factors such as the predominent values (property and social) existing in the neighborhood, the development standards impos- ed on the use, and the ability of an existing commercial none to buffer the impact from other uses. While the statistics assembled and analyzed in this study should not be construed as proving that adult businesses cause the negative im- pacts illuminated herein, an obvious variable in each instance of com- parison is their presence. Crime rates - particularly those that are sex-related - show substantial deviation from normal rates for this population. Analyses of real estate listings and sales show a nega- tively abnormal performance of the real estate market in areas where adult entertainment is offered.In this latter case, the best profes- sional judgement available indicates overwhelmingly that adult enter- tainment businesses - even a relatively passive use such as an adult bookstore - have a serious negative effect on their immediate envi- rons. Consequently, it would seem reasonable and prudent that the City ex- ercise its zoning power to regulate the location of adult entertain- mentbusinesses so that they operate in areas of the community that, while accessable to their patrons, are yet located in districts that are least likely to injure the general welfare cf residents. EVER00004