Bruce Low, general manager of Arcadia Datsun, isn't particularly happy with the city. Reason stems from an about-face by the City Council last winter when it decided in favor of retail commercial developments that would bring sales tax revenue to the city.
Within 18 months, Arcadia Nissan, the last of the city's 3 auto dealerships, will pack up and leave town. The departure of the 3 auto dealerships will result in a loss to the city of $450,000 a year in sales tax (about 2% of the yearly city budget).
Arcadia Suzuki, the third best selling Suzuki dealership in the U.S. will move from 415 East Huntington Drive to 1414 Buena Vista in Duarte. The move will cost Arcadia $80,000 in tax revenues.
Bob Low has decided to sell his Huntington Drive property, present site of his Arcadia Datsun agency. Asking price is $5.9 million. The sales package will include plans already drawn up for a 7-story office complex. Low is negotiating with both Arcadia and Monrovia for a new location for the auto agency.