Re: 5/26 Tuscana, Quail Springs Ranch, Outlet Shoppes Update
I think at this point in the game, Tulsa and OKC are pretty equal. That's why we're getting similar retailers, NOW. But, you have to remember, Saks has been in Utica Square a long time.......and things were different back when they located there. OKC has moved up some in regards to per capita income, but in regards to Tulsa, as oil companies have left the former oil capital, I think what we've seen more is Tulsa go down in comparison to say 30-40 years ago......factoring in inflation of course. So, maybe Tulsa at one time was ahead of OKC in per capita income, but times have changed.
I think a lot of it has to due with population density too. You tend to see more upscale retailers in larger metro areas. We're just not there yet. And you're seeing it in faster growing cities like Austin and Albuqurque before you're seeing it here. Our growth rate just isn't as large as some of these other cities.
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