Advertisement
YOU ARE HERE: Glendale HomeCollectionsSubsidy
IN THE NEWS

Subsidy

FEATURED ARTICLES
NEWS
February 14, 2003
Tim Willert The Brand Boulevard toy store Zany Brainy has closed its doors, but it might have to leave one of its pricey gifts behind. The educational toy retailer closed its Glendale store last month. Now, Glendale Development Services Director Jeanne Armstrong is saying the company might have forfeited a portion of the city's rent subsidy. "They may not have met the conditions of their agreement for the last quarter or couple of months," Armstrong said Thursday.
BUSINESS
By Ryan Vaillancourt | April 12, 2007
GLENDALE — The Alex Regional Theater Board announced on Tuesday that December 2006 marked the theater's most profitable month in its history, but officials say the venue still has a way to go to reach financial self-sufficiency. For the first time, the city-owned theater generated more than $100,000 in revenue through rentals and ticket sales over a one-month period, said Barry McComb, executive director of the theater. McComb presented the board's second-quarter results — from Oct. 1 through Dec. 31— to the City Council, acting as the Redevelopment Agency, on Tuesday.
NEWS
December 7, 2007
The City Council, acting as the Redevelopment Agency, approved in concept the creation of a new Glendale Arts Alliance to operate the Alex Theatre and other cultural offerings in the city. Alex executive director Barry McComb said the new group would replace the current Alex Regional Theatre Board, a city commission. The issue came before the GRA because the city owns the Alex and the redevelopment agency provides an annual subsidy to assist with operations. McComb said the board is looking for an agreement to continue the subsidy, which he said amounts to about $600,000 a year, for the remaining eight years the agency will operate.
NEWS
March 21, 2002
Karen S. Kim DOWNTOWN -- It's been almost 10 years since the Glendale Redevelopment Agency purchased The Alex Theatre on Brand Boulevard, rescuing the then movie house from closing its doors to the public. On Tuesday, the agency saved the theater from closing its doors again, agreeing to cover The Alex's $200,000 budget shortfall for fiscal year 2001-02. Theater officials said they're hoping to eventually wean The Alex off its dependence on the Redevelopment Agency, its parent and owner.
NEWS
May 15, 2008
The Redevelopment Agency on Tuesday unanimously approved a plan to restructure the Alex Regional Theatre Board as Glendale Arts, a new nonprofit umbrella group that, in addition to bringing the historic venue to self-sufficiency, will be charged with promoting arts citywide. As a nonprofit, Glendale Arts will be in a better position to capture funding grants. As an umbrella organization representing the interests of other artisans, it can more easily attract corporate sponsors and private money, city officials said.
NEWS
February 11, 2011
Stop the California High Speed Rail project. This is a colossal waste of billions of dollars. No public transportation system in America has ever operated without a government subsidy. California will be subsidizing this operation forever. Just look at Amtrak. This a perfect example of how we got into this economic mess, not paying attention to the future ongoing costs of a project. How will we pay for this subsidy? It will never be able to compete with the airlines on routes like L.A. to Sacramento, or if it does, then it will wind up putting the airlines out of business.
FEATURES
By By Herbert Molano | January 9, 2006
Will the last true Republican please turn off the lights when leaving Glendale? Should I say California? The recent spate of letters to the News-Press regarding General Growth, the investment company that owns the Galleria, versus Caruso Affiliated Holdings, owner of the Americana at Brand lifestyle center, choke the living logic out of the true meaning of business competition, let alone sound fiscal government policy. Caruso Affiliated holdings receives taxpayer subsidies worth at least $77 million to compete against the Galleria, and supporters of Rick Caruso accuse the Galleria of anti-competitive practices.
NEWS
February 15, 2005
Josh Kleinbaum The Glendale Housing Authority is expected to approve a $5.8-million subsidy today for an affordable-housing project that would provide apartments for low- to moderate-income families and inject housing into an industrial area. The project site, 1855 S. Brand Blvd., is part of the San Fernando Corridor, an industrial area rezoned by the city in August to allow housing. The proposed four-story building, which includes 16 two-bedroom apartments and 49 three-bedroom apartments, is one of the first residential projects in the area.
NEWS
By Ryan Vaillancourt | May 8, 2007
GLENDALE — In anticipation of a state audit next year, the department that oversees before- and after-school programs in the Glendale Unified School District is proposing a 12% program fee increase to comply with a state law. The state reimburses the cost of certain before- and after-school programs for students who qualify for state assistance. Students who do not qualify for state assistance are required to pay a fee equal to or higher than the state reimbursement rate.
ARTICLES BY DATE
NEWS
By Brittany Levine, brittany.levine@latimes.com | July 18, 2013
Two planned affordable housing projects that will give priority to military veterans have received millions more in state and federal subsidies. On Tuesday, the City Council, in its dual role as the Housing Authority, approved giving Veterans Village and Cypress Senior Living about $1.8 million, and a state commission recently doled out $1.5 million for the projects. Veterans will be given priority in applying for the new 44-unit Veterans Village at 327-331 W. Salem St. and the 18-unit Cypress Senior Living, a rehabilitation project at 311 E. Cypress St. The city's extra funding - $1.28 million for Veterans Village and $531,000 for Cypress Senior Living - came after the city discovered additional federal money that had to be used or risk being returned to Washington, D.C. In addition to the federal loans, Veterans Village and Cypress Senior Living also netted $1.2 million and $300,000, respectively, from a state commission charged with doling out federal tax credits.
Advertisement
NEWS
By Brittany Levine, brittany.levine@latimes.com | July 13, 2013
Les Perkins is used to paying roughly $400 every two months to Glendale Water & Power, but his latest electricity bill was markedly different. He owed just $85. "I started giggling with glee," he said. Perkins runs a video-editing company out of his Rancho-Riverside home and the air conditioning and computer equipment can run up his electricity bills. But his green upgrade last September didn't cost him anything upfront because of a popular city subsidy and a leasing program offered by his installer.
NEWS
By Brittany Levine, brittany.levine@latimes.com | June 8, 2012
Officials at the Alex Theatre are reevaluating their long-term strategic plan for the historic venue, which has been relying heavily on its reserves as it copes with an uncertain future. The theater was shuttered for three months at the beginning of the year due to renovation work, severely impacting hurting revenues for Glendale Arts, the nonprofit that manages the venue. “In short, the third quarter of the fiscal year was challenging,” according to a letter to the City Council this week from James Wilke, chairman of the Glendale Arts Board of Directors, and Interim Chief Executive Elissa Glickman.
NEWS
By Brittany Levine, brittany.levine@latimes.com | March 28, 2012
Facing possible federal cuts to an affordable housing program known as Section 8, Glendale officials have approved a new policy that could be used to start terminating the program's rental subsidies. The policy, approved Tuesday by the City Council in its dual role as the Housing Authority, will only be put into action if funding shortfalls occur. For now, officials said, it's unlikely any rental terminations will be needed. But while the U.S. Department of Housing and Urban Development has increased Glendale's share of funding for 2012 by $1.1 million, or 8%, federal housing officials have warned Glendale to have a policy in place in preparation for future cutbacks.
NEWS
By Brittany Levine, brittany.levine@latimes.com | October 25, 2011
Facing a $1.1-million deficit for a federally funded affordable housing program, members of the Glendale Housing Authority on Tuesday voted unanimously to reduce the amount of subsidies given each month to clients, rather than dropping people altogether. The Housing Authority is set to receive about $12.5 million from the U.S. Department of Housing and Urban Development for about 1,500 Section 8 housing vouchers. But it typically costs $13.6 million to cover the subsidies, according to a city report.
NEWS
By Brittany Levine, brittany.levine@latimes.com | August 9, 2011
The Alex Theatre needs to stand on its own, city officials said Tuesday, but with the Redevelopment Agency giving it $415,000 a year, they are concerned the theater may buckle without the subsidy. Barry McComb, chief executive of Glendale Arts, the nonprofit that operates the theater, said the historic venue is on its way to self-sufficiency, but it can't afford vital capital improvement projects. With the deadline for help from the Redevelopment Agency looming in 2015, the City Council, in its role as the Redevelopment Agency on Tuesday, approved giving it $3.9 million - $2.8 million of it earmarked since 2007 - for new dressing and meeting rooms, a loading dock and a subterranean floor.
NEWS
By Melanie Hicken, melanie.hicken@latimes.com | June 17, 2011
Glendale could find itself off the Rose Parade route if the City Council goes through with ceasing its $130,000 commitment to build the annual float — ending the city’s status as the second-longest-running entrant. The potential funding cut comes against the backdrop of an $18-million budget gap at City Hall, making a six-figure subsidy for a float in the annual Tournament of Roses Parade in Pasadena a tougher sell. “It’s a great thing, and the community does take pride in it. But at this time, we are talking about cutting programs for children in the parks.
NEWS
By Bill Kisliuk, bill.kisliuk@latimes.com | March 7, 2011
State fire codes may throw a wrench into plans to use the outdoor forecourt at the Alex Theatre to host events and generate more revenue. Theater officials want to remodel the courtyard with glass doors where wrought-iron gates now stand, potted cypress trees paralleling the Doric columns and new paving as part of a plan to use the space to host events in addition to programs within the theater. But project planners ran into a host of obstacles, including word from building and fire inspectors that the courtyard always must be available as an exit corridor.
NEWS
February 11, 2011
Stop the California High Speed Rail project. This is a colossal waste of billions of dollars. No public transportation system in America has ever operated without a government subsidy. California will be subsidizing this operation forever. Just look at Amtrak. This a perfect example of how we got into this economic mess, not paying attention to the future ongoing costs of a project. How will we pay for this subsidy? It will never be able to compete with the airlines on routes like L.A. to Sacramento, or if it does, then it will wind up putting the airlines out of business.
BUSINESS
By Melanie Hicken | June 8, 2009
DOWNTOWN GLENDALE — Even with dwindling attendance, the Alex Theatre should finish the fiscal year without an operating deficit thanks to cost-cutting measures, according to the latest financial figures for the historic venue. The number of events and ticket sales have decreased this past year, especially for July, August and January — resulting in a 22% drop in rentals and an 18% drop in attendance through the third quarter of the fiscal year, according to a report to the Redevelopment Agency today.
Glendale News-Press Articles Glendale News-Press Articles
|