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Newsletter - April 2017
The Greater Philadelphia Region's Gardens Cultivate Over $200M in Economic Impact

Photo by Carol Deguiseppi
Greater Philadelphia Gardens (GPG) released a new report based on an analysis done by ESI  that demon strates the substantial enhancements in regional tourism and recreation stimulated  by public gardens, attracting an estimated 2.5 million visitors annually, and providing substant ial support to the local economy. The Philadelphia region has long been regarded as "America's Garden Capital" having more than 30 public gardens within a 30-mile radius. Thes e cherished p laces have supported more than 1,500 jobs--totaling $79 million in earnings, and generate $3.6 million per year in business, sales, and income tax revenue.  
GPG announced the results of the study during a press conference at Pennsylvania Horticultural Society's (PHS) annual Flower Show on Wednesday, March 15. 

To read the complete analysis, click here and for the media coverage, click here
Previous Highlights
Stephen Mullin Spoke at ICSC University of Shopping Center s' Panel

ESI President and Principal, 
  Stephen P. Mullin  spoke at the  ICSC University  of Shopping Centers  Panel Discussion on The New Administration and the Industry on Tues day, March 7, 2017. Mr. Mullin joined the panel moderated by  John- David Franklin , Senior Vi ce President of Leasing Madison Marquette, with the following speakers:  G. Lamont Blackstone , Principal at G.L. Blackstone & Associates,  Gary R appaport , ICSC Past Chairman Chief Executive Officer, and  Todd H. Rollins , Senior Director of Northeast Investments T H Real Estate.  The format of the event was a series of questions targeting their backgrounds. 

Click here to read the full recap. 
Lee Huang Presented at the IDA College Town Summit 

ESI Senior Vice President, L ee Huang , spoke on the "Universities as downtown partners: Managing complex relationships" panel for the IDA College Town Summit on March 29, in Tempe, Arizona. The su mmit drew about 100 professionals representing downtown organizations, universities, local governments, and economic development agencies. The panel included Ken Stapleton , fro m Ken Stapleton & Associates and Randy Ruttenberg , f rom Fairmount Properties . Lee co-presented with Ken and Randy on what happens when things go wrong in town/gown relations. They had a stimulating discussion that was organized around case studies of common problems and possible solutions. 
#SaveTheArts at PAFA 

Stephen P. Mullin spoke on the economic impact of cultural organizations at the Greater Philadelphia's Cultural Alliance's Community Briefing and Press Conference on Federal Arts Funding on April 6 at the Pennsylvania Academy of Fine Arts (PAFA). At the event, Mr. Mullin said, "The arts must be considered part of large social impact, it's not concentrated in a small area." 
Richard Voith's Presentation at Lambda Alpha International (LAI) 

ESI President and Principal Richard Voith was invited to speak on the state and future of the economy under the Trum p Administration at Lambda Alpha International's Philadelphia Chapter meeting on April 6. Dr. Voith's  blog post   shares with us the fundamental takeaways as well as the presentation in its entirety.  
News from the Lab

ESI affiliate Roubini ThoughtLab held a successful webinar with Wealth and Asset Management 2021 research sponsor Cisco.
  • Disruption ahead: 48% of investors might switch providers as the industry grows by $50 trillion USD by 2021;
  • Digital technology will play a big factor in market leadership.
Learn more about the Wealth 2021 research findings:  Roubini ThoughtLab.
Upcoming Events in April

PenTrans' Annual Legislative Breakfast on April 19 discussing state and national transportation funding. Register here

Philadelphia University's SDMBA Design & Dine on April 21 feat. ESI President,  Stephen Mullin. More information here .

APA National Planning Conference on May 6-9 feat. CDA project-lead and ESI Senior Advisor Sidney Wong. Register here
Proud to Sponsor

Congratulations to PACDC on their 25th anniversary 
Discussion with folks from Philadelphia City Planning Commission and City Council
These meetings address wider international, national, and regional issues
Celebrate the achievement in historic preservation

In the News
Stephen P. Mullin joined the board of the Philadelphia Real Estate Council (PREC). Mr. Mullin also met with the State Department Delegation from Argentina and was a judge for the 2017 Villanova Real Estate Challenge. He was also quoted in  this Philly.com article, speaking on behalf of Elfreth's Alley and its history. 

Lee Huang recently joined the board of the Preservation Alliance. He also wrote the article, "How Neighborhoods Could Lose If Trump Succeeds in Rolling Back Bank Reforms," for Next City

Richard Voith was quoted in this article for Philly.com discussing SEPTA and improving travel times.

ESI is pleased to announce that Lily Ho has joined the firm as our newest Research Analyst. Ms. Ho specializes in data visualization, cartographic design, and spatial analysis. 

Lily Ho 
Prior to ESI, she worked as a Project Associate at American Communities Trust (ACT), a Baltimore based non-profit that works with partners to create inclusive economic development projects. At ACT, she managed its Baltimore Food Business Microloan Fund, and provided research assistance on the social and economic impacts of New Market Tax Credit funded projects.

Check out our blog posts from March
Econsult Solutions Advisory Board 
  • Catherine Timko is attending the ICSC RECon 2017 on behalf of her long-term client Invest Atlanta. For ULI Annual Trends Conference's, she is preparing an image gallery that transcends 2 decades of development in the market revealing trends and clusters of development. Ms. Timko successfully secured her client two recent awards for Best Real Estate Deals in Washington Metro - the Acquisition of the Fannie Mae Headquarters and the Isabella Eatery - a 41,000 square foot concept at Tysons Corner Mall. 
  • Greg Byrnes worked on and supported an initiative to create a public-private Bioscience Authority for New Mexico. Creating this authority will be a major step for the bioscience sector in New Mexico and it can be an engine for job creation and help diversity the state's over reliance on oil and gas drilling as well as tourism. 
  • Terry Gillen started a new position as the Director of the Pay for Success program at LISC, in New York. She will divide her time between both the Philly LISC office, and their New York-based headquarters. 
Industry News                            Client Spotlight
  • The City of Philadelphia prepares for the NFL Draft