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Article: International Council of Shopping Centers testifies on credit crunch to Senate Banking Committee. (Irvin B. Maizlish)
- Article from:
- PR Newswire
- Article date:
- June 21, 1990
CopyrightCOPYRIGHT 1990 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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INTERNATIONAL COUNCIL OF SHOPPING CENTERS TESTIFIES ON CREDIT CRUNCH
TO SENATE BANKING COMMITTEE
WASHINGTON, June 21 /PRNewswire/ -- Shopping center construction is being slowed by an unnecessary "credit crunch," the Senate Banking Committee was told today, and its impact will be felt in jobs and retail sales by year's end.
Irvin B. Maizlish, president of the 29,000-member International Council of Shopping Centers (ICSC), testified that a "crisis mentality" is causing lenders to create a nationwide "credit crunch" already being felt by shopping center developers which could escalate into a major cause of serious economic ...