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POLITICALLY CORRECT DEVELOPMENT TO BE DISCUSSED AT NORTHERN CALIFORNIA IDEA EXCHANGE IN SAN FRANCISCO, JAN. 16-17

 POLITICALLY CORRECT DEVELOPMENT TO BE DISCUSSED
 AT NORTHERN CALIFORNIA IDEA EXCHANGE IN SAN FRANCISCO, JAN. 16-17
 NEW YORK, Dec. 23 /PRNewswire/ -- "The Politically Correct Project: Is It Economic or Political Fantasy?" will be the major topic at the International Council of Shopping Centers (ICSC) Northern California Idea Exchange and Western States Regional Deal Making & Trade Exposition at the Hyatt Regency San Francisco, Jan. 16-17.
 There, over 1,000 members of the shopping center industry will take part in concurrent sessions on financing and management as well as the general session on the political constraints of developing shopping centers in urban and suburban settings.
 The luncheon speaker will be Daniel Walters, journalist, from Sacramento who will discuss California politics and legislation affecting shopping center development in the future.
 In addition to the sessions there will be a "deal making" session where retailers and developers have the opportunity to discuss future projects and expansion plans. The trade exposition features companies that provide goods and services to the shopping center industry.
 Michael Collier, SGPA Planning & Architecture, serves as Northern California Idea Exchange chairperson of the day.
 Advance registration fees are $125 ($155 on site) for members, $190 advance ($220 on site) for non-members, which includes continental breakfast and luncheon on Jan. 16. Further information can be obtained by contacting the Information Center at ICSC, 212-421-8181, ext. 382.
 ICSC reports that the 4,608 shopping centers in California continue to support the state's economy. During 1990, shopping centers accounted for 54 percent of all non-automotive retailing in California.
 Shopping centers in California employed 1,093,400 workers in 1990 and generated $3.39 billion in state sales tax revenue.
 Due largely to the restriction of credit by federal bank regulators, new shopping center construction starts in California were down 28 percent in 1990 from the previous year. Construction contract value also dropped from $917 million in 1989 to $784 million in 1990. Construction employment declined from 15,300 to 12,900 in the same period.
 As the non-profit trade association of the shopping center industry, ICSC serves its 25,000 members in 42 countries by assisting in the development of their businesses through professional education, conferences and conventions, publications, research and legislative action. ICSC grants two certificates of professional accreditation -- the CSM (certified shopping center manager) and CMD (certified marketing director).
 -0- 12/23/91
 /CONTACT: Keith J. Foxe of International Council of Shopping Centers, 212-421-8181, ext. 344/ CO: International Council of Shopping Centers ST: California IN: REA SU:


JT -- NY038 -- 4919 12/23/91 15:24 EST
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Date:Dec 23, 1991
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