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<br />Case # 5 <br /> <br />ICSC CHIGAGO UPDATE AND FUTUREICSC PARTICIPATION <br /> <br />By: Sean M. Sullivan, Economic Development Coordinator <br /> <br />Background: <br /> <br />The EDA authorized registration for the Economic Development Coordinator to attend lCSC <br />Dealmaking in Chicago. The purpose of the trip was two-fold. Staff c1J.ose to drive in order to <br />take some time to look at another transit based development that highlighted commuter rail in a <br />Chicago suburb. Staff will go ~ver some pictures and have some information avail~ble from <br />"The Glen" located in the Village of Glenview. Th~ conference itself was very condensed and a <br />lot of productive meetings were hel~ with developers,"brokers and individual retailers. A <br />sUllliJ1ary of the meetings is attached for your review. The general attitude in the retail world has <br />improved since lCSC in Las Vegas and there is optimism about when the next year has in store <br />for this market. Cottage Grove had a strong presence in this show with its individual booth and a <br />contingent of four to work the floor and market their Community. The cost of this type of "set- <br />up" is estimated to run between $1,000-2,000 according to Skip Greeby, an lCSC Board . <br />. member. The EDA should consider the level of participation in these type of events to illaximize <br />its efficiencies. <br /> <br />. The lCSC conference in Las Vegas is the largest retail trade show in the United StateS. <br />Developers, Retailer, Broker and Land owners are all present to try to build relationships and to <br />get some deals done. The EDA authorized the City Administrator and Economic Development <br />Coordinator to attend the conference for 2009. The Rainsey City Council also authorized <br />sending three of its members (two. of which are EDA members) to the conference to add to the <br />Ramsey contingent. City Staff and Officials met with over 100 developers, retailers, brokers and <br />site . selectors to help build relationships. At the :December .1, 2009 Meeting, the BRA authorized . <br />registration for the City Administrator and Economic Development Coordinator to attend lCSe <br />Las Vegas for 2010 for a cost of$360.per person. This took advantage of an early bird <br />registration and saved $65 per person. Staff is asking the EDA to consider funding the Economic <br />Development Coordinator and the City Administrator for this conference. <br /> <br />An organized plan of attack should be implemented for the next year to be as efficient as. <br />possible. The EDA should consider the level of participation in this process and recoinmend <br />what course of action it feels would be the most productive. Items to consider are outlined <br />below. <br /> <br />. Number and identity of persons participating I each event on behalf of the EDA <br />~ lCSC RECON <br />. lCSC Deal Making <br />. lCSe Membership <br />. City of Ramsey Booth(s). <br /> <br />23 <br />