Prepared for
International Council of Shopping Centers
By
REMI Consulting, Inc.
Using
REMI Policy Insight Three-Region EDFS-23 Model
January 9, 2006
306 Lincoln Ave., Amherst, MA 01002 Telephone: (413) 549-1169 Fax: (413) 549-1038 e-mail: info@remi.com © Copyright Regional Economic Models, Inc. 1999-2004. All rights reserved.
TABLE OF CONTENTS
TABLE OF CONTENTS .....................................................................................................2 1. Executive Summary ....................................................................................................3 Major Findings .................................................................................................................................4 2. Methodology & Assumptions ...................................................................................15 2-1 REMI Policy Insight................................................................................................................ 15 2-2 Assumptions............................................................................................................................ 18 2-3 Simulation Inputs ................................................................................................................... 18 3. Results ......................................................................................................................23 About REMI...................................................................................................................28 Appendix ......................................................................................................................29
2
1. Executive Summary
The International Council of Shopping Centers (ICSC) contracted Regional Economic Models, Inc. (REMI) to perform an economic assessment of shopping center developments in three regional