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Show Investment Summary Chuck Akerlow developer, said Frank Orrico, President of the National Council of Shopping Centers in a recent article. In reviewing the future of shopping center investments, Mr. Orrico observed the following four key points: 1 . "Look for a pattern of less building on an "elaborate, scale" in an attempt to keep prices down to levels that consumers can afford. We will see economy in construction and in maintenance by most builders. One possible centers are still a end result will be a more Shopping investment for the institutional look in shopping prime M TERM 1 J vmv STATES. mortgage sources, the added risk burden imposed by government regulations, and new entreprenurial developer and legislation now proposed to instead see a greater market increase the income tax burfor refurbishing, reclaiming den on individuals as conand new management of exist- tracted to corporations dealing in development real estate, ing property. 3. There will be a less will bring institutional invesliberal approach in the morttors such as insurance comgage markets. The concern is panies, corporate pension about the professional ability funds, foreign investment and of the borrowers. Also, the certain industrial corporations likelihood of 100 percent finmore prominently into the for To ancing shopping center entrepreneurial rate. is projects wanning. accomplish this, these institu4. The combination of tions will either hire the "tighter lending policies of individual or form develop- 2. Look for a diminished in role the industry for the PRESIVOST IS.IlNtVl. oowm to A ciose. (5 ernes. 1 A BIS6R BUtP-O-R ARMS ioatiojs, MOr J POOR ex-- centers encour- the last has a beneficial impact on the retailers' thinking and planning regarding new stores. Says Orrico, "As an investment vehicle, shopping centers still are and will continue to be the most sought after, by all types of investors, due to the industry's historical record of unmatched success." WW0M fOSSUSeRS com 6" H 7 IV. I J VH 'SI nw&d ur n6 pouaes OF 1H6 M9aU- 6ER RfcMAik) KR RBSARPS5 AMP TH6 OF ROUS 1W5 COORLP. Rm m HWSE mie MORf m? shopping nationally have shown aging increases since half of 1975, This BUT VO FEAR. W 0URSS1BH V C0V6RT OPERATIONS RICH sales in FOR? OR HIS SUCCESSOR UlU, kPPOlW TO THIS OFFICE THE KISS10SR OF his m shrF ment joint ventures with him." Orrico observed that retail lUeXT tJAJOOAR Office fUVIV. fs rtP TUP OF centers. 7H K95iU66R. A Pragmatic Dogmatics An Interesting Registration by Kent Shearer Utah's May 10 deadline for registration of political candidates brought something of a surprise. Inu rest was surprisingly high. Whether it is reflective of a grass roots reversal of the apathy engendered by the Watergate trauma remains to be seen. But the statistics are impressive. Five GOP U.S. Senate candidates - at least three of whom are serious contenders - seek nomination to challenge the incumbent liberal Democrat, Frank E. Moss. Three others, independents or from minor parties, are in the fray. Against Gunn McKay in the First Congressional are three Republicans, including San Juan County Commissioner Cal Black who has the tools to score the greatest upset since Arizona State did in Nebraska in the most recent Sun Bowl. There is a minor party flag waver as well. Five Republicans itch to take on Second District freshman. Allan Howe: . a testimony perhaps to a GOP appraisal of Howe's relative vulnerability. For Governor - a "toss up" in that incumbent Democrat Calvin L. Rampton has decided to retire - there are three Republicans, five Democrats, and two from nuisance parties. At the legislative level the crop is equally bountiful. The GOP and the Democrats will contest for every legislative seat in Salt Lake d from 1974. There are County: a many aspirants, some against incumbents of either major party. It is ultimately trivial, but transitorily irresistible, to note that three Republicans vie to oppose Democratic State Representative Leon Reese in his Magna stronghold: the Savior incarnate could not be elected against Reese if He chose the GOP column. What docs it all signify? It cannot be attributed to a depression when the candidates run because they need the jobs. At the state legislative level, certainly, the pay is unattractive: janitors at the Capitol make more than do legislators. Overall, the economy is on the turn-aroun- upturn. No. toss of hats into the political ring. I suspect you will think me cynical. I don't like my answer, but I'll give it anyway. It is my conviction that people run for political office not because they crave power, but rather because - in modern day America - it is the only position from which they conveniently can share power. Government, since the New Deal revolution has become so almighty that ordinary citizens have become like so many ants in a pile. They, the federal and state bureaucrats, can - and do - bus your children, revoke your driver's license, subject you to taxation with precious little representation: the list is endless. So what does one do? Out of one runs for office. That way, you say to yourself, I can at least monitor what they did to me yesterday, are doing to me today, and plan to do to me tomorrow. The saddest part of all is this: Once one is elected, the tendency is to become part of the instead establishment; when one is the do-cof the do-cthe desire to do is near impossible to resist. self-defens- e, r, e, I think I know the reason for the mass |