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Old Posted Feb 27, 2007, 3:16 AM
dragonsky dragonsky is offline
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Monday, February 26, 2007
Placentia to review downtown redevelopment
By SUSHMA SUBRAMANIAN
The Orange County Register

PLACENTIA – City officials are looking into adding more area to the redevelopment project after an initial plan projected more housing developments and less retail space than expected.

The city originally embarked on the redevelopment project, now 100 acres centered along railroad tracks downtown, because the bedroom community was not drawing the sales tax income it needed to maintain certain city services in the long run.

The current plan would produce just slightly more income, but it would still fall far short of the profits that city officials had anticipated.

A council study session on adding land to the redevelopment area will be at 7 p.m. Tuesday in the Council Chambers at City Hall, 401 E. Chapman Ave.

Council members asked staffers to look into adding to the current project part of the Chapman corridor, home to the Bargain Basket complex, and part of Orangethorpe and Placentia avenues, between Orangethorpe and the Orange (57) Freeway.

David Bergman, a financial expert with Moule & Polyzoides, the design firm that drew up the specific plan, highlighted those areas as prime locations for big-box stores.

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