A grass roots committee has been formed by a group of Arcadia citizens who are in favor of Proposition M. The Arcadians for Sensible Development are urging a "yes" vote.
The campaign over a controversial ballot measure to restrict development at Santa Anita Park race track is heating up, with two community groups coming out against the initiative and a new group being formed to support it. Measure M requires a majority vote of approval from Arcadia residents for any change in land use requested by Santa Anita.
Santa Anita REAlty Enterprises has poured more than $78,000 into the campaign to defeat Measure M, the Nov. 5 ballot measure to give voters veto power over the development of an entertainment complex near the company's race track.
Nearly 24% of voters - about 5,566 of 24,207 registered - turned out Tuesday to decide on a school bond measure. Officials are disappointed with the low voter turnout.
In an unusual move, the normally apolitical Arcadia PTA Council has endorsed Measure A on the April 14 ballot, pushing voter approval for a 2% utility tax increase.
The Arcadia City Council, school board and Chamber of Commerce have settled on a plan to consolidate city and school elections. City Attorney Michael Miller is coming up with legal wording for a measure to be placed on the next school board ballot, April 1987.
Arcadia will not be voting on whether to have combined school board/city council elections next April. On a 3-2 vote, the City Council turned down the idea.
The fate of Santa Anita Park remained up in the air following a sudden management shake up at its corporate parent, Meditrust Cos. Meditrust Chairman and CEO Abraham Gosman resigned Tuesday.
The Santa Anita Companies are disposing of non-core real estate assets as part of a long-term program which they say will improve cash flow and net income.
The Santa Anita Cos., Monday reaffirmed its commitment to the previously announced strategic alliance with Colony Capital and its affiliates, saying that a rival bid by Newport Beach based Koll Arcadia Investors was "incomplete."
Newport Beach real estate developer Don Koll and Leon Black of New York-based Apollo Real Estate Advisors have made an unsolicited offer to invest approximately $180 million in Arcadia-based Santa Anita Cos.
The Santa Anita Companies and Meditrust, the nation's largest health-care real estate investment trust, have completed a $383 million deal to merge the two companies.