Eas External Analysis

Regional Economic Models, Inc. Economic Impact of Shopping Center Developments Final Report
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: [phone] Fax: [phone] e-mail: [e-mail] © 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