Arcadia's city government is not particularly concerned that Bruce Low, the owner of Arcadia Nissan, has broken off negotiations with the city to buy his Huntington Drive property.
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).
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.
Foulger Ford, which announced a move to Monrovia this January, will not be leaving Arcadia after all. Stan Foulger, owner of the dealership, did not wish to comment on the reason for his change of plans. Foulger has 7 years left on his lease.
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.
Arcadia Datsun is expanding its services to the Mountain Vista Plaza Shopping Center in Duarte (current site of the Big Sky Drive-In Theater). The general manager of Arcadia Datsun says his company's recent agreement with Duarte means his business will have somewhere to move if Arcadia decides to redevelop his property with a Target Store or some other project.
The Arcadia City Council approved a new showroom for a Suzuki automobile dealership on East Huntington Dr. The showroom will be an addition to the Arcadia Nissan/AMC Jeep/Renault dealership currently at that location.
Arcadia Datsun official says next move is up to city. Bruce Low, general manager of Arcadia Datsun, had been granted a conditional use permit for a seven or eight story office building in the redevelopment project area.
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.
Foulger Ford, the longtime Arcadia Ford dealership, is moving its Ford-Acura sales to Duarte's new auto show. The $4.5 million dealership will be located at the northwest corner of Buena Vista St. and Central Avenue.
Walter R. Hoefflin Jr., president and chief executive officer of the Methodist Hospital, has announced his retirement. Hoefflin has been with the organization for 32 years and was closely involved in the hospital's move to Arcadia.
If a tentative contract proposal is signed by the city of Arcadia, Group W Cable should provide cable TV services throughout the city within a year. With Falcon Cable planning to set up a system south of the Foothill Freeway, this would mean two cable services could be operating south of the freeway.
Arcadia Datsun now negotiating the terms of an agreement with Monrovia Redevelopment Agency to move down to 924 West Huntington in Monrovia from its current location in Arcadia.
Plans for a series of office buildings and a high-rise hotel in the Arcadia redevelopment area require general plan and zone changes. The first move is an environmental impact report for the area bounded by the 210 Freeway on the north, the railroad tracks on the south, Fifth Avenue on the east and Second Avenue on the west.
Judge John H. Saunders of Santa Anita Municipal Court chose the annual Christmas dinner of the Foothill Bar Association to announce his plans to retire in May of this year.
Arcadia Methodist Hospital plans salute of Beach Vasey on his retirement as Board member. Judge Vasey served on the Board of Directors of hospital for 46 years and as its chairman in 1975 and 1976.