This article looks at King Street, Charleston, South Carolina, the main street of a successful historic tourism city that in recent years has seen a steady transition in tenant mix from one dominated by local merchants, to one today that features such national chain merchants as Victoria’s Secret, Banana Republic, Gucci, and many others. The issue considered herein, based upon survey data collected from both local residents and tourists, is the effect of the city’s changing merchant mix. The findings offer insight that should be helpful to tourism and government officials in any city experiencing, or concerned about, a similar metamorphosis in their community. Helping to explain the community attitude toward change, a new model, the Cycle of Acceptance, is presented.