Thursday, July 21, 2011

Borders and Local Government

Borders Books announced they are liquidating all of their stores due to inability to find a buyer after a sale deal fell apart.

In Pico Rivera, the city used a $1.6 Million federal grant to lure the retailer to the Towne Center. When the store closed their doors in March, the City of Pico Rivera was left with a $33,000 a month rent subsidy under terms of the 15-year agreement.

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Hello, my name is Jessica