Terrence and Diane Power: Big-box outsourcing not good for county | SummitDaily.com

Terrence and Diane Power: Big-box outsourcing not good for county

Terrence and Diane Power

We would like to share our thoughts about the Home Depot/Lowe’s project in Silverthorne. Our financial background as CPAs and mortgage lenders tells us that significant unintended consequences will follow the two big boxes coming to Summit County. Summit County has two main industries: tourism and real estate. These industries are supported by the local electrical, plumbing and carpentry trades; the flooring, lighting, window and door, cabinet, roofing, fixture, and furniture and appliance businesses; the wholesale and retail hardware, supplies, building materials stores, and landscapers and nurseries. All of these local businesses will suffer if the boxes come to town.

The big boxes outsource all of their accounting, banking, computer, telephone and copying, Internet, advertising, legal, signage, insurance, consulting, buying, architectural and design, vehicle purchase, finance, decor, engineering, printing, etc. from their home offices. Local businesses won’t get any of this work.

The big boxes end up eliminating dozens of middle-income occupations and professions from our community. The majority of the big box employees will not be able to afford to live in Summit County, not be eligible to get mortgages to buy homes here, not afford to shop here, and only add to the already transient population base. Real property values will fall even lower.

The Silverthorne Town Council has approved Home Depot and Lowe’s at every step. Are they truly qualified to make these decisions? Have they visualized what the community will look like with more professionals and local business people going out of business, and with lower-income, uneducated people replacing them? There are only 28,000 or so full-time residents in this county. Is this truly responsible government representing the local population, or just the ill-informed, selfish, and narrow interests of only a few? It takes a special breed to survive in the mountains. The last thing we want to see is another empty building standing in front of a mountain.

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