More From ICSC
A reminder that Bisnow is in Las Vegas, offering up live coverage of ICSC RECon. With 1,500 atyesterday'sseated luncheon as the backdrop, we snapped ICSC presidentMichael Kerchevaland outgoing chairmanBrad Hutensky(CEO of Hutensky Capital Partners of Hartford, Conn., a fund that invests in underperforming retail through loans, purchases, and JVs). Check out this Friday's National issue for our chat with new ICSC chairmanDavid LaRue,CEO of Forest City Enterprises.
The Great Recession has less effect on retail store growth than you'd expect. Instead, Buxton CEO Tom Buxton says retailers learned their lessons--and those municipalities with favorable tax and business climates will see new store growth. "If you're a retailer, you're not going to a place where you have inventory tax. Is it because the economy is bad or is it because the government is bad?" Tom quips. "Where it's easy to do business, you're seeing cities do great."