21 ATTACHMENT 05 - Laserfiche WebLink

Year 1 (2007/08FY) 3'ear 3 (2009/IOFY Year S (2011/I2FY $93.9M $104.3M $112.8M . 52% . 52% . 53 The General Fund Budget with the revenues and expenditures,for the Johnson Drive store and the proposed Stanley Blvd. store would be as follo~~~s: Year 1 (2007/OSFY) Year 3 (2009/lOFY) Year S (2011/12FY) $95.9M $104.675M $113.175M .~2% .83% .83% The General Fund Budget without the revenues and expenditures for the Johnson Drive store N~ould be as follows: Year 1 (2007/OSFY Year 3 (2009/IOFY Year S (2011/12FY $95.4M $103.7M $112.2M -. 52% -. 52 % -. 53 • How long has it taken closed freeway stores to re-open? List over past 10 years. Due to its diversity of business, Pleasanton co~ztinues to be a stable economic market. Over the past ten years, only a few large stores located along I-580 and 1-680 freeways were vacated by the existing tenant resulting in the building remaining empty for a period of time. Most recently, in March of this year, ConzptlSA closed its California locations, including the Pleasanton store. In September, after 6 months of vacancy, the City received an application for building improvements that will accommodate a new tenant for the space. The Galaxy Theater, located in the Rosewood Pavilion shopping center, closed in 2002. During this time, several inquiries ~~~ere made for use of the space although none of these matured into an application with the City; likely this was due to a desire to retain its use as a theater but an in ability to make such a project.financially feasible. The space remained vacant until early 2005 ~~~hen the Planning Department received an application for demotion and replacement of the structure to accommodate a Broyhill Furniture store retail furniture store. Broyhill subsequently decided not to occupy the space (due to a change in marketing direction). New Pla~z Excel (the property owneJ) then began ~~~orking with another furniture retailer that after many months also determined not to occupy the space due to company co~zst~°aints. Wlzerei~z the building has been vacant and leasable for a little more than a year, during this time staff has continued to work with Ne~~~ Plan Excel to, find a suitable user for the space. Recently, in September, an application was submitted to the City for building inzprovenzents that will accommodate a new retail tenant for the space. In early 2003, Linens N' Things closed its store in Metro 580 Plaza as pai°t of a company decision to close multiple stores. The building remained vacant, for several