Major Retail Development — Economic Study. As may be required by the City, all development applications for Major Retail Development as defined herein, shall prepare an economic study in accord with the provisions of this subsection, and all other applicable laws, regulations, code, etc. The economic study shall be accompanied by supporting data, including, but not limited to, a market analysis determining the trade area of the proposed development, the present and future population within the trade area, and other economic indexes, including, but not limited to, data on effective buying power within the trade area; the projected number of jobs created by the development; the estimated wages; the estimated tax revenue including estimates of shifts from existing similar retailers; and the projected sales figures for the development.