05242017Wed
Last updateWed, 24 May 2017 1am

Downtown theater could be economic driver for Los Altos


nset Graph Data Source: Land Econ Group
A consultant study reported to the city that a downtown theater might serve as an effective driver of economic growth.

A consultant opened an old Pandora’s box at the March 14 Los Altos City Council meeting when he revived a proposal to build a performing arts theater in the downtown area.

Bill Lee, senior partner at Land Econ Group, the consultant responsible for the economic vitality strategy of the downtown visioning process, promoted the financial benefits of new construction.

Hardware store offers "cheep" deal


Town Crier File Photo
Chicks will be available for purchase at Los Altos Hardware by the end of March. The shop also plans to sell coop supplies to help owners prepare for a decade of eggs.

Baby birds will be sold in downtown Los Altos this spring – but not in a pet store. Just in time for Easter, Los Altos Hardware plans to sell chicks beginning March 31.

The First Street True Value store also will sell the necessary supplies, including a chick starter kit.

Business Briefs


Courtesy of WE Los Altos
Members of WE Los Altos met at Enchanté Boutique Hotel to celebrate International Women’s Day March 8 by sharing stories of their business careers.

Following is a roundup of comings and goings in Los Altos’ business community.

Women’s Day with WE

Dozens of businesswomen celebrated Women’s Day together at Enchanté Boutique Hotel March 8.

Vision of downtown's future focuses on its parking issues


Asher Kohn/Town Crier
Contractors for Los Altos’ downtown visioning process recommend adding long-term parking to enable customers to do multiple things, like eat at a cafe and go to the bank, in a single trip.

The first glimpse of Los Altos’ downtown visioning process rests in a 102-page report scheduled for release at Tuesday’s Los Altos City Council meeting, after the Town Crier’s press deadline.

Compiled by a team of consultants, the report outlines an engagement strategy to discuss future scenarios and argues that more growth is necessary to maintain the “village feel” of Los Altos.

Silicon Valley outlook is bright, claims housing market expert


Courtesy of SILVAR
Real estate analyst Carole Rodoni, right, pictured with Kathryn Tomaino, SILVAR’s Los Altos/Mountain View district chairwoman, paints a rosy picture for investing in real esate.

The housing outlook continues to look bright for Silicon Valley in 2017, even if the region is challenged by a tight housing supply and low affordability, according to Bay Area real estate analyst Carole Rodoni.

At a district realtor meeting in Los Altos last month, Rodoni told members of the Silicon Valley Association of Realtors that she expects the economy to continue to grow this year.

Do we have the lowest interest rates in the past 5,000 years?

Most everyone is probably aware that interest rates today in the U.S. are at historic lows.

To a large extent, this is due to the quantitative easing strategy that the U.S. Federal Reserve has followed since the depression of 2008. The Fed’s goal was to suppress interest rates to make borrowing easier to stimulate the economy after its biggest collapse since the Great Depression of the 1930s. Central banks in many other countries followed suit, and today the phenomenon is fairly widespread across much of the developed world.


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