Wells Fargo to city: Don't bank on marketplace Menlo Park, posted by Editor, The Almanac Online, on May 3, 2012 at 12:54 pm
Five years is a long time to put together a specific plan time enough to raise objections, rework the fine points and figure out compromises. But protests continue even as the downtown/El Camino Real specific plan nears completion.
Read the full story here Web Link posted Thursday, May 3, 2012, 11:40 AM
Posted by Menlo Parker, a resident of the Menlo Park: University Heights neighborhood, on May 3, 2012 at 12:54 pm
I don't know why Wells Fargo didn't speak up before, but I support the bank's position (and I have expressed my thoughts before). We have been hoping that the ill-begotten "paseo" would be dropped from the final plan. We still hope so. Closing Chestnut is a hare-brained scheme that does no one any good. Endangering our vibrant, successful, and beloved farmers' market by starting a new competing market is even sillier. Interfering with parking will just guarantee that I shop elsewhere and will harm Menlo Park's tax base.
The part of the plan I support is denser housing and mixed-use development along El Camino.
Posted by been there , a resident of the Menlo Park: Downtown neighborhood, on May 3, 2012 at 1:22 pm
I am very surprised that Wells Fargo is taking a political position. Is Jeffrey Rader authorized by upper managment to make this statement? If upper management did authorize Wells Fargo to take a political position, it will definately change my opinion of this bank for the worse.
Posted by Peter Carpenter, a resident of the Atherton: Lindenwood neighborhood, on May 3, 2012 at 8:00 pm Peter Carpenter is a member (registered user) of Almanac Online
Amazing - here we have a long time local business that serves the community and they express concerns about how the proposed plan will impact them and the above posters can only respond with angry, childish statements.
Posted by Hmmm, a resident of another community, on May 3, 2012 at 10:02 pm
I canNOT stand Wells Fargo. But, they raise a viable concern. I'm curious, as Susannah asked, if it's only now that they're coming forward, which the article also suggests. If that's the case, why now, why not sooner?
Sheesh, I can't stand it when a lousy bank raises a good point.
Posted by business exec, a resident of the Menlo Park: Central Menlo Park neighborhood, on May 4, 2012 at 9:32 am
The DETAILS of this plan have not been known for 5 years, so that's an exaggerated and false claim.
Where are concerns about a business's property rights? They need their parking area to operate their business and they own that parking. Many other businesses are concerned about parking, too, but they don't outright own the parking plaza area near them so don't have the same power Wells does.
The market place idea and its siting came from the consultants, not from the community. This is the time to iron out remaining issues, and this is a biggie. There has been talk for a long time about conducting a trial of the market place, paseo, parklets and there has been time to do so before the plan is up for approval. It's inexplicable why the Council and staff have dragged their feet.
I fully support Wells Fargo's position.
I'm very surprised Trader Joe's isn't speaking out about the loss of 35 parking spaces in the lot behind their store. Their business would be severely affected.