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Industry Getting Back on Track

NEW YORK CITY-The meeting next week with Treasury Secretary Timothey Geithner will depict a slow recovery.

By Debra Hazel | Updated on December 08, 2009

NEW YORK CITY-ICSC’s meeting next week with Treasury Secretary Timothy Geitner will describe an industry that is improving but still faces uncertainties, said association and industry executives at the 2009 New York National Conference and Deal Making, being held through tomorrow at the New York Hilton & Towers/New York Sheraton & Towers.

The industry meeting with Geithner, scheduled for Dec. 15, will discuss an industry that executives have noted is in a far different and better place than a year ago–but still requires encouragement regarding financing, ICSC President Michael P. Kercheval noted in an industry update.

“Twelve months, 18 months ago when we were talking, there was a lot of doom and gloom,” Kercheval said. “The capital markets were really a catastrophic situation. But things have really turned around.”

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