That actually brings me into my discussion that I would like to share with you, which is a question that a lot of people have asked the last two days, which is, how big is your embedded or your development pipeline?Our pipeline for the next two years is very clears. Its $600 million is our pro rata share of our development pipeline and it’s comprised of three projects. One is a new outlet center that we are building in Rosemont which is right near the O’Hare Airport, Chicago, Fashion Outlets of Chicago. It is our share of the project once our final investment is in we will be about $200 million. We do have a construction loan that will help to fund that over $140 million.
Macerich's CEO Presents At Citi Global Property CEO Conference (Transcript)
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