By Natalie Dolce
LAS VEGAS—While many industry insiders like to take a backseat in politics, according to Ben Terry, VP of Coreland Cos., there has never been a more critical time for the industry.
GlobeSt.com caught up with Terry in preparation for the upcoming ICSC RECon show May 19-22 in Las Vegas and he said that the retail industry needs to be proactive in the 2020 election. “The Split-Roll Property Tax is on the November 2020 ballot, and curiously titled the California Schools and Local Communities Funding Act,” he said. “If it passes, all commercial property tax will be reassessed, and the negative impact will most dramatically affect small businesses and local economies.” Read more (subscription needed).