Plans to lease college property put on hold
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Amy R. Spurgeon
COSTA MESA -- The Coast Community College District Board of Trustees
shelved its plans Wednesday to present a counter offer to a North
Carolina-based hardware chain’s proposal to lease the district’s 14-acre
site near Adams Avenue and Harbor Boulevard, district officials said.
Board president Jerry Patterson said the absence of trustee Walter Howald
prompted the board to take no action. Instead, the board will hold a
special meeting within the next two weeks to address the issue.
Lowe’s Home Improvement Center is the nation’s second-largest hardware
chain. It is in the midst of an aggressive expansion plan, in which it
hopes to open 90 to 95 new stores this year, according to its broker,
Voit Commercial Brokerage.
Voit officials confirmed they notified the district in February of its
client’s desire to lease the property. District officials decided last
year to lease the Adams Avenue site, appraised at $8.1 million, to
increase district revenue.
The district oversees three college campuses and one public broadcasting
television station.
District officials said moving its headquarters of more than 30 years to
make room for Lowe’s is a possibility. However, costs associated with
such a move have not been discussed, Patterson said.
In a two-page letter to the district last February, Voit Associate Vice
President Robert Pettis stated Lowe’s was seeking retail outlet sites in
Orange County.
He wrote, “as a site enhancement, discussions have been held with the
adjacent property owner to the west, Connell Chevrolet, seeking to
acquire land access to Harbor Boulevard. This will improve traffic
circulation and create Harbor Boulevard identification. Lowe’s is
enthusiastic about this opportunity and is eager to pursue negotiations
expeditiously.”
But Connell Chevrolet General Manager Paul Doddridge said he hasn’t
agreed to any deal with the district or Lowe’s.
“I have no intentions of making access to that property,” Doddridge said.
“As of right now, I have turned everything down. But things change day to
day.”
The letter stated Voit was also in discussion with the city of Costa
Mesa’s Planning and Redevelopment Department and that the project may
require a General Plan amendment, rezoning and an environmental impact
report.
Tina Bruning, president of the district’s teachers union, has been
closely watching the district’s leasing plans.
She said she supports leasing the property, but with a few conditions.
Bruning said the board should solicit proposals from other interested
entities to encourage competition and get the best possible financial
return for the district.
Also, Bruning said the district should find a tenant that would be
compatible with nearby residential areas, adding that she is requesting
that revenue from any land-lease agreement be used to protect employee
benefits.
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