Negotiations Resume For Rusnak Mercedes-Benz Expansion

Arcadia city officials resumed negotiations with Rusnak-Arcadia Mercedes Benz over a decade old expansion plan, a plan that stalled following the end of redevelopment agencies, according to a story in the San Gabriel Valley Tribune.

 Arcadia is the first city to have a long-range property management plan to be approved by the state, allowing Rusnak to purchase four commercial properties from the former Redevelopment Agency for its expansion project.

City officials say continuing negotiations involve the sale of two acres for $2.8 million, which officials say will guarantee the city $800,000 in sales tax over the next 10 years. 

The properties Rusnak plans to buy are bounded by Santa Clara Street to the north, Morlan Place to the south and Santa Anita Avenue to the east.

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