Development

LAS VEGAS—The 2023 edition of the colossal ICSC Las Vegas convention is gearing up and GlobeSt.com chats with a few expert sources on their expectations and predictions for the show.

Governments will likely increase performance-based incentives that ensure payouts won't occur until after metrics are met.

No indication when work will resume on 80-acre, transit-oriented project.

Project will involve redevelopment or 26 acres encompassing Westminster Mall.

So far construction starts have yet to be impacted by tightening financial conditions.

But a recession could change that, if United Airlines' experience is any indicator.

This is partly driven by Amazon's decreased spend on microfulfillment.

It is not sure what it plans to do with the acreage, but preliminary conversations have focused on a health and wellness hub.