Photo of front cover of Vosburgh Oil Corporation promotional brochure for an oil drilling operation which was entered into with high hopes. Oil was not found. (see Vertical file for copy of entire brochure in Arcadia-Business and industry.)
An extensive survey by a Los Angeles based real estate consulting firm rated the cost of doing business in a number of California cities, including Arcadia.
Mayor Bob Margett, in a speech to the Chamber of Commerce, suggested that the city start checking up on businesses operating out of homes within the city.
The Arcadia Business Association has requested a moratorium on beauty and nail shop in the downtown business district. There are reportedly 16 salons downtown and another 8 more on First Avenue south of California.
Downtown Arcadia business owners establish a Community Benefit District, mandating they each pay an annual assessment on their property taxes to fund marketing programs and activities in hopes of bringing more people to the area. It is called a Property-Based Business Improvement Model. It is a private-sector initiative that bills local businesses by the same criteria used in Old Pasadena--according to their frontage, lot size and scope of any buildings on a given property. 60% of downtown Arcadia owners chose the plan, the result of a three year effort.
The changing face of Arcadia--commercial brokerage firm NAI submits proposal for downtown districts. The City of Arcadia hired NAI to assess the city's five business districts and make recommendations to improve them and bring in appropriate, compatible businesses. See hard copy in VF Business and Industry.
City Council candidates running in the April 14th election give their views on how Arcadia can encourage growth and attract new businesses to the city.
Pamela Mosher and her daughter Amanda established Sugar Glider Studios in Arcadia in an effort to create a youthful comedy series spotlighting struggling musicians.
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.
Singpoli, an Arcadia-based investment and development firm, bought a 1.6 acre property at Lake Avenue and Union Street in Pasadena and plans to build a $60 million mixed use project, including a 165-room hotel and condo complex with 60 units. See also Arcadia Weekly, p. 11, May 11, 2017.