Save Our Community was founded in the movement to resist Wal-Mart's development in Rosemead, California. Now, it has become a general site for news, information, gossip, talk, and blogging about Rosemead. We also have stories about South San Gabriel, San Gabriel, Montebello, and occasionally about Pico Rivera, El Monte, South El Monte, Alhambra, Temple City, and other nearby communities. Your host is Todd. If you want a blog just sign up, get approved, and start writing. Good posts will be moved onto the home page.
Buy High, Sell Low
Nothing like buying past the peak of the real estate bubble, and selling it as the commercial real estate market is sinking.
Also, what's with the "hotel is losing us money"?
Isn't it more correct to say, simply, that the city is losing money? It handed management over to a company that's not fulfilling their end of the contract. The city is getting screwed over.
There ain't money to "recoup". Money's been lost, and it's not going to show up. They're just cutting their losses.
The fact that it was an ad-hoc brothel and drug store is usually a good sign that a motel is no longer viable.
Here's something else funny. The operators are HQd in Hacienda Heights.
I have a suggestion for them: medical marijuana farm.