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NEWS
By Megan O’Neil | November 14, 2008
Despite a dismal report from the U.S. Census Bureau indicating dropping sales numbers and flagging consumer confidence nationwide, members of the greater Crescenta-Cañada business community remain confident about the local economy. The report, released Oct. 15, showed national retail sales in September were down 1.2% from the month before, and were down 1.4% from September 2007. The numbers for October won’t be released until today, but analysts are predicting sales will continue to drop even as the holiday season approaches.
LOCAL
By Thomas J. Rochefort | October 8, 2009
I am writing this letter in response to Christopher Cadelago’s article, “Comedian sues store owner,” that ran Sept. 22. As a representative of Lounge22, I wanted to address a few of the points raised in the article. First, the author stated that multiple attempts were made to reach Lounge22 Chief Executive Armen Gharabegian. We have no record of any contact from Cadelago or any representative of him or anyone from your paper. In our opinion, Cadelago’s story falls far short by neglecting to include Lounge22’s perspective.
NEWS
May 10, 2001
"It's just a minor downsizing, unless you're one of the people being downsized. Then it's a major catastrophe." -- Steve Hulett, union representative for cartoonists and graphic artists, about last month's layoff of 4,000 workers by Walt Disney Co. Steve Hulett is right. With a work force of 120,000 employees worldwide, a layoff of 4,000 -- 3.3% -- is a relatively minor blip on Disney's corporate radar. But that minor blip includes what is believed to be at least 100 animators, graphic artists and support personnel who work and live in the Glendale/Burbank/foothill area, and for them it really is a catastrophe.
BUSINESS
By Zain Shauk | May 17, 2010
The arrival of Conan O’Brien’s new late-night show at Warner Bros. studios in Burbank will bring a surge of jobs and economic activity to the area, industry observers said. The show, which is set to air four nights a week on TBS starting in November, will add to other late-night programs filmed in Burbank, including “The Jay Leno Show” on NBC and “Lopez Tonight,” which will run after O’Brien’s show on TBS. O’Brien will shoot his nightly show at Studio 15 on the Warner Bros.
BUSINESS
By Zain Shauk | November 14, 2009
DOWNTOWN — The Los Angeles County Economic Development Corporation announced its award for the region’s most business-friendly city Thursday — and it wasn’t Glendale or Burbank. The cities, which have both been finalists for the distinction in the past, did not apply for the award this year, even as they maneuver to appear more inviting for businesses looking to relocate or expand. Long Beach was named the most business-friendly city with a population of more than 60,000, and Santa Fe Springs took the honor in the small-city category, the corporation announced.
BUSINESS
By Zain Shauk | November 13, 2009
DOWNTOWN — The Los Angeles County Economic Development Corporation announced its award for the region’s most business-friendly city Thursday — and it wasn’t Glendale or Burbank. The cities, which have both been finalists for the distinction in the past, did not apply for the award this year, even as they maneuver to appear more inviting for businesses looking to relocate or expand. Long Beach was named the most business-friendly city with a population of more than 60,000 and Santa Fe Springs took the honor in the small city category, the corporation announced.
BUSINESS
By Jeremy Oberstein | December 10, 2008
GLENDALE — Some of the region’s largest companies are planning to either cancel or scale back holiday parties this year, in yet another example that a national recession continues to have local implications. Officials with Yahoo Inc. and NBC Universal — which collectively employ more than 3,000 workers in Burbank — have said they will spend less on holiday parties this year, and Warner Bros., which does not traditionally host corporate holiday parties, has no plans to do so this year, officials said.
NEWS
May 27, 2002
Marshall Allen LA CANADA FLINTRIDGE -- Some guys play golf, some factor economic regression. Economist Brett Reed has an unusual hobby -- he's compiled the largest known database of La Canada Flintridge home sales to determine factors effecting home value. "I'm quirky," Reed admits. "But there are a lot of quirky people around here." Economics may be Reed's hobby but it's also his profession -- he's no weekend-warrior economist wannabe.
NEWS
By Gary Cornell | July 14, 2007
Some positive measures were reported in the last article on Chevy Chase Reservoir ("City seeks ways to save links," July 5) in the city trying to eliminate the loss of hole 4. I sincerely hope that this positive trend will continue in the negotiations, so that the showdown on this matter on Tuesday will be a matter of formality and not one of a shoot out. Many of the concerned homeowners of Chevy Chase who attended the council meeting of...
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NEWS
By Brittany Levine, brittany.levine@latimes.com | September 8, 2013
Glendale ranks near the bottom in several categories of fiscal health compared to its fellow Los Angeles County cities, according to a recent grand jury report, an analysis city officials protested as flawed. The categories, discussed in a 120-page report released by the Los Angeles County Grand Jury on June 28, include the percentage of revenue left after cities pay the bills, the ratio of assets to liabilities, and other financial indicators for fiscal years 2010-11 and 2011-12.
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NEWS
By Daniel Siegal, daniel.siegal@latimes.com | July 31, 2013
Glendale City Council is looking to push the local economy forward with a new agency that will assume some, but not all, of the objectives of the city's defunct redevelopment agency. At a joint meeting of the City Council and the Successor Agency on Tuesday, the Council voted unanimously to have city staff prepare the documents necessary to form an economic development corporation and bring them back to the Council for consideration. Phil Lanzafame, the city's director of economic development, said that compared to prior redevelopment efforts, the new corporation would be less focused on subsidizing or assisting with construction or other physical development.
NEWS
By Brittany Levine, brittany.levine@latimes.com | May 16, 2013
By 2017, property-tax revenue totaling roughly $700,000 from 20 new downtown developments is anticipated, a sum that at least one council member scoffed at this week as being lower than expected. Once the 20 projects start generating property tax revenues, Glendale could make an average $35,000 per development, which Councilman Ara Najarian on Tuesday called paltry. “I am surprised when I look at the list of those projects,” Najarian said. “Those are just drops in the bucket.” Glendale officials expect budget gaps into the millions over the next five years, and this year is no different.
NEWS
By Brittany Levine | April 25, 2013
While Glendale officials want to create a new economic development department to replace the defunct redevelopment agency, there's no money to operate it. But that appears to be a temporary hurdle. The City Council took the first step this week to refinance several redevelopment bonds issued in 2002, 2003 and 2010 to save about $875,000 a year in debt service through 2021. The city would get to keep about half of that money once it becomes available, according to new rules set by state officials after they dissolved nearly 400 redevelopment agencies throughout California - including Glendale's - last year.
NEWS
By Brittany Levine, brittany.levine@latimes.com | February 17, 2013
As Glendale emerges from a difficult period of economic struggle as a leaner, stronger organization, officials warn there is still more to do to combat ongoing structural imbalances. Although Glendale is likely to end the fiscal year with a $300,000 surplus after closing a $15.4-million budget gap, officials will have to start strategizing next year about unfunded post-employment benefits that could drag down the city's finances in the future. “We have very few abilities to balance [retiree healthcare costs]
NEWS
January 2, 2013
Calling a deal approved by the House on Tuesday to avert the so-called fiscal cliff “far from perfect,” Rep. Adam Schiff (D-Burbank) said in a statement after the vote that the legislation at least prevents what surely would have been a “body blow” to the economy. The House voted Tuesday to roll back income tax increases on the vast majority of Americans, finalizing a deal on the so-called fiscal cliff after weeks of gridlock. The L.A. Times reported that the approval, in a session that stretched late into the New Year's holiday, came after hours of closed-door debate among Republicans, with conservatives threatening to derail a bill that had overwhelmingly passed the Senate in the early hours of the morning.
NEWS
By Mark Kellam, mark.kellam@latimes.com | December 27, 2012
After almost 25 years in Montrose, Rocky Cola Café will serve its final burgers on Sunday - an end wrought by stiffer competition from restaurants that have opened during the past two decades and a too slow recovery from the recession. Don't expect the building to be vacant for long, though. Rocky Cola representatives are in talks with four prospective restaurant owners to take over the lease, though none appear interested in keeping the name, said Lucy DiMino, the general manager who has worked at the establishment since its early days.
NEWS
September 18, 2012
Anyone looking for justification to promote term limits would only need to read Councilman Dave Weaver remarks covered in the Glendale News-Press (“Council speakers not rooted in reality”, Sept. 8). He depicts the weekly public questions and assertions at the council meetings as freewheeling attacks on council members. Imagine that! Weaver, now on his fourth term, can no longer stand the heat that members of the public, like myself, bring to the council to hold them accountable for decisions they've made that have cost the city, its taxpayers, ratepayers and stakeholders dearly in treasure and quality of life.
NEWS
By Brittany Levine, brittany.levine@latimes.com | April 6, 2012
As the result of an action Tuesday, Glendale now has the legal framework to establish an economic development organization. But it won't be able to issue bonds or condemn property - attributes commonly associated with redevelopment agencies. Bonding and imminent domain powers could still return if the state legislature creates a new program to replace now-defunct local redevelopment agencies, which were axed by a state mandate. On Tuesday, with Mayor Laura Friedman absent, the City Council approved giving the city the ability to jump start economic activity using a variety of other tools, such as purchasing property and offering grants to businesses, that were once tied to its powerful redevelopment agency.
NEWS
By Brittany Levine, brittany.levine@latimes.com | March 30, 2012
Redevelopment may be dead in Glendale, but economic development is not. On Tuesday, the City Council introduced an ordinance that would establish a new legal framework for economic development in Glendale in a post-Redevelopment Agency world. In February, a state mandate redirecting millions in incremental property taxes from city coffers to the state's forced the closure of local redevelopment agencies across California. With that tool now gone, nowhere in the city's legal code is there a mechanism to spur economic development.
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