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CarusoWire: Americana Worth a Whole Lot

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Sales taxes at the Americana at Brand were not up to snuff last year, but property values beat the living daylights out of expectations, according to the Glendale News-Press: "The Americana’s assessed value in fiscal year 2011-12 was $479.9 million, more than double what had been projected, according to staff report presented to the [Glendale] Redevelopment Agency. The higher-than-expected valuation generated about $3.67 million in tax revenue for the agency." The city's RDA also banked another $95,000 from a shared revenue agreement with the Americana's parking structure. [GNP]

The Americana at Brand

889 Americana Way., Glendale, CA 91210