Biz Notes

November 17,2015-

City Of Visalia Weighs Offer To Build Downtown Hotel

The City of Visalia is weighing an offer to build a new Downtown hotel adjacent the convention center from a Selma businessman Dwight Nelson,a well known developer and contractor who also owns the Selma Auto Mall. Without acknowledging the offer Visalia Mayor Steve Nelsen says the city is in no hurry.”If anyone wants to come in with a market-based offer we will listen, but we are not going to give away the store.”  The negotiations are behind closed doors.Mr Dwight Nelson did not return calls for comment. Nelson was the only known party to respond to city RFP.

Poll: Spending Expected To Be Up

The big package shippers UPS and FedEx are both predicting a busier holiday season with UPS expecting the seasons deliveries to be up 10% and FedEX predicting a 12.4 10% rise.
Meanwhile Gallup’s November update of Americans’ 2015 holiday spending intentions finds U.S. adults planning to spend $830 on Christmas gifts this year, on average. That is up sharply from the $720 recorded a year ago, and is significantly higher.

Don Sharp Sells Office Building To Evans Property Management

Local businessman Don Sharp has sold his 5771sf office building at 303 N West St in Downtown Visalia to Ed and Bruce Evans who will relocate Evans Property Management to the location.

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