The City Council has authorized a study to determine whether Live Oak Avenue meets redevelopment law requirements of being a blighted area and whether to include businesses along Live Oak in the central city redevelopment district.
The City of Arcadia wants to assist in the redevelopment of South Arcadia businesses around Live Oak and Las Tunas. The city will hold a hearing July 3 for the environmental impact report on a plan that has been proposed. The area in question covers 75 acres.
The Community Redevelopment Agency is still considering an 11-acre project around the former Foulger Ford property, now owned by car dealer Paul Rusnak.
Arcadia City Council rejected objections filed by Los Angeles County and declared a redevelopment district for South Arcadia. The district, which covers business properties along Las Tunas and Live Oak, will be operated as a non-contiguous part of the Arcadia downtown redevelopment district. The City Council declared the area does suffer from both economic and physical blight, and hope to spend $12 million to upgrade the district.
Arcadia slowly steers Rusnak Mercedes Benz dealership expansion back on track. Because of a December 2011 California Supreme Court decision to eliminate redevelopment agencies, the expansion has been stalled. Arcadia is now working on a long-range property management plan for the expansion--a plan that is now required for state approval before former redevelopment agency property may be sold. The plan includes properties at 121-159 North Santa Anita Avenue.
In a joint venture, the Monrovia and Arcadia redevelopment agencies have created a new logo which reads "Huntington Crossing" and it will top the sign where the 210 Freeway crosses Fifth Avenue.
The four-acre Foulger Ford site and the 5.73-acre Santa Anita Inn were discussed by the Arcadia City Council as properties that are not living up to their economic potential.
City of Arcadia lost its lawsuit against the county to establish a redevelopment area in South Arcadia. The county determined the area did not fit legal definition of a blighted area.
The city welcomes construction of two office buildings at 225 and 255 Santa Clara Street. The buildings will be occupied by the law firm of Hart, Mieras, Morris and Peale, LLP, and Los Angeles District Church of the Nazarene.