Lowe's out of proposed Grand Terrace center
10:00 PM PDT on Friday, April 28, 2006
By JULIE FARRENThe Press-Enterprise
The proposed Grand Terrace Town Center will not include Lowe's Home Improvement Warehouse, which city officials said would have generated a half-million dollars in revenue to fund a new library.
Developer Doug Jacobsen withdrew his request April 17 for the Redevelopment Agency's assistance in purchasing Jo Stringfield's 1.9-acre property on Barton Road. That land would have been used to build Lowe's.
"I'm prepared to build Plan B," Jacobsen said Friday. He said he is talking to other major retailers to replace Lowe's in the proposed development. He should know in 30 days of a possible replacement.
The original Town Center would have featured a new Stater Bros. market and Lowe's as its anchor stores.
Jacobsen plans to submit his backup proposal to the Planning Commission within 90 days.
City Manager Tom Schwab confirmed Friday that Jacobsen withdrew his request for Redevelopment Agency funding. He said the city is still talking with Stringfield about acquiring her property.
"We don't have anything officially to report," Schwab said. "There's still some negotiation there."
Jacobsen said he has tried to contact Stringfield about buying the property but she has not responded to his calls.
Her attorney, C. Robert Ferguson, has asked Jacobsen to leave Stringfield alone.
"That's what we've decided to do," Jacobsen said.
Schwab said Lowe's would have created additional revenue of $500,000 to help fund a library. But without the retailer, plans for a new library are on hold.
"We'll stay in our current library," Schwab said.
Reach Julie Farren at (909) 806-3066 or jfarren@PE.com
Online at: http://www.pe.com/localnews/sanbernardino/stories/
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has covered all the above points and counter points, in Prior Posts. It is time for Caution, and a Demand that Jo is restored to full property rights reversing the Feb 26, 2006 notice not to sell, rent or Move from her property. This Declaration, removed her property rights. Those writes should be restored in WRITING at a MINIMUM.