-September 8,2022-
Downtown Visalia will get two new tenants
Downtown Visalia will get two new tenants along Locust Street just off Main. At 114 S Locust a new entry Wine Buff will open. Nearby at 116 S Locust Que Concha will open an eatery. The company has had a food truck in the area. Leases were completed by Patrick Montreal of Mark Saito Company.
Green Power Motors reports loss
Greenpower Motor Company Inc.- a Canadian electric bus manufacturer. with a manufacturing plant in Porterville fabricates multiple models of high-floor and low-floor vehicles, including transit buses, school buses, shuttles, and a double deckers.The company just reported their first quarter financials with a loss-worse than estimated.The Q1 loss was $4.35 million.The company reported higher revenue than a year ago but net income was down 92%.NASDAQ reports their 52 week stock price is down 72%.The company now has manufacturing plant in West Virginia where they have proposed to add 900 jobs at the South Charleston WV facility.That would be a huge jumps from company reports they have 62 employees in all locations.
GreenPower had promised to build a full blown factory in Porterville in 2015 but has yet to pull the trigger. They lease two production facilities in town and have bought a 9-acre parcel ready for a factory. They do assemble electric vans in Porterville. But now it appears their emphasis on manufacturing has led elsewhere.
Tractor Supply applies for permit for new Visalia store
Hardware retailer Tractor Supply is preparing to build its first Visalia store to be located at Sedona and Dinuba Highway in north Visalia. The company has now filed for their building permit from the City of Visalia to construct a 21,645 sf store with a greenhouse attached in the Donahue Schreiber owned commercial center currently anchored by In-N-Out.
Regal Cinema declares bankruptcy
from CNN
Foothill Sun Gazette
The owner of Regal Cinemas is having a tough time — they filed for bankruptcy this week
The company operates all the movie theaters in Visalia and four in Fresno.In Visalia the chain had been planning a new theatre at the Sequoia Mall that may now be in jeopardy.Sequoia Mall developer Dave Paynter had been planning a new shopping center development the figured there would be a new multiplex as part of it.
British company Cineworld Group is the parent company.
Earlier this week, Cineworld said in a press release that, despite a “gradual recovery of demand” since last spring, admissions were below expectations.
The company blamed a limited roster of films for the lack of moviegoers, a situation it expects to continue until the end of November.
The chain, which owns more than 500 movie theaters across the US, is exploring how to reduce its debt obligations, which it warned would “likely result in very significant dilution of existing equity interests” for shareholders.
Cineworld has struggled to stay afloat during the pandemic, when it was forced to close its movie theaters worldwide. It suffered a $2.7 billion loss in 2020, and $566 million loss in 2021.
It is a similar story for other movie theaters. So far this year, revenues at the US box office are nearly 30% lower than before the pandemic, according to Comscore despite a big rebound, a media data company.
PG&E to replace overhead lines at Tulare Co demonstration forest to cut wildfire risk
PG&E plans to install a new remote solar micro-grid at the Whitaker’s Forest Research Station within Whitaker’s Forest. Whitaker’s Forest is an approximately 350-acre forest plot owned and managed by the University in Tulare County.
Once installed, the Project would provide existing residential structures on-site with a consistent and reliable source of electricity that would replace the need for the existing overhead electric distribution lines. PG&E will be responsible for installation, and for operation and maintenance, of the facility. The Project consists of a 12-panel solar array mounted on the roof of a new shipping container. Supporting infrastructure includes battery storage, a new driveway, and a new underground conduit between the solar array and the residential structures. The Project is part of PG&E’s Remote Grids Pilot Program, a program within PG&E’s Community Wildfire Safety Program.
Rally’s to join North Dinuba Blvd menu
Developers Mike Hamzy and Javier Gomez plan to construct a 1,088 square foot Rally’s fast food restaurant building with a double drive-thru lane in the Riverbend Village Shopping Center. The project site is zoned C-MU (Commercial Mixed Use). The site is at North Dinuba Boulevard and West Riggin Avenue. Rally’s joins a growing list of national fast food chains coming to the northern part of the city. Actually this Rally’s is the first in Visalia.
VF Corp will erect 3000 solar panels
VF Corp,an international clothing company, has a permit to erect 3160 solar panels at its big Visalia Industrial Park distribution facility.