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Opus Bank drops bid for downtown Pleasanton location

Original post made on Mar 28, 2012

Opus Bank representatives said this week that they are no longer pursuing a lease for the Past Time Pool building on Main Street in Pleasanton, ending for the time being concerns that an eighth bank would open in the downtown business district.

Read the full story here Web Link posted Tuesday, March 27, 2012, 4:19 PM

Comments (10)

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Posted by Chemist
a resident of Downtown
on Mar 28, 2012 at 9:36 am

So, for quite a while, the city's governing geniuses REQUIRED banks to open their first Pleasanton location downtown. Now they want to "review" applications, and decide, in their infinite wisdom, whether it is a good idea to allow a bank to locate downtown. Why do we keep electing bozos to our city government? Not too surprising that Opus is looking elsewhere. Pretty soon, anyone wanting to come to Pleasanton will look elsewhere. We have cost Walmart thousands of dollars while the Planning Commission and the Council review, review and review. And now, AFTER a bank decides to renovate an eyesore corner in downtown, the Council is scrambling to rewrite the rule book. We've had toy stores, antique stores, etc. try and fail downtown. What's wrong with banks? Banks pay taxes, and the City certainly needs that to fund their unfunded liabilities and keep Jennifer's travel budget in order. Mr. Thorne is the only one who seems to want to THINK about things. That's what a mayor should do.

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Posted by Victor Azuza
a resident of Amberwood/Wood Meadows
on Mar 28, 2012 at 9:53 am

Calling our elected officials "bozos" is highly disrespectful. If you don't have something nice to say maybe you shouldn't say anything at all!

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Posted by Anne Messenger
a resident of Downtown
on Mar 28, 2012 at 10:02 am

I agre with the PDA. We need more retail and restaurants (but not Itlaian). We have too many banks downtown already.

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Posted by LAS
a resident of Valley Trails
on Mar 28, 2012 at 10:13 am

To Chemist: You are right on the money!

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Posted by P*town Truth Tellers
a resident of Another Pleasanton neighborhood
on Mar 28, 2012 at 10:44 am

We need the infinite wisdom of elected officials to dictate what businesses can be built, and where. Businesses need to be constantly intimidated into submission, and chased out of town (or not allowed to start up) when deemed inappapropriate by city officials - the free market should have nothing at all to do with it. Businesses must meet the minutia of criterium and jump through as many hoops possible so they know who's in charge in Pleasanton. Businesses must be union, they must be green, they must pay a high wage, they cannot use plastic bags, etc.

One would think that having a downtown strategy and letting the free market decide would yield a downtown as nice as downtown Palo Alto, or San Mateo with a movie theater - or one of the fake downtowns such as Emeryville or Santana Row. But Pleasanton simply cannot do that - we need elected officials to guide us so that we can continue to have the downtown that they, and not the free market determines that we need.

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Posted by Oh no
a resident of Vintage Hills Elementary School
on Mar 28, 2012 at 10:58 am

Government designed-downtowns! Oh the horror.

I can see it now. No shopping bags, but a 'living'wage for all, a unionized downtown work force, high density yellow/blue box industrial buildings, blocks of coffee shops and of course, a number of hawk feed/supply stores (for the falcons the mayor keeps trapped and tethered in her backyard shed.

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Posted by Victor Azuza
a resident of Amberwood/Wood Meadows
on Mar 28, 2012 at 11:05 am

Free markets over democratic elections. Now that's something I can agree on!!!!!!!

Democracy is way overrated. The Chinese don't have it and look at all the progress there making. If we had a lauzye faire king who respected free markets, then we wouldn't have to suffer with democratically elected officials mucking things up. Mooselinni might have actually known what he was doing!

Who needs unions and high wages? Who needs recycled bags? Who needs green when brown is just fine? Democracy seems kind of useless to me when we can't even have a movie theatre in this town.

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Posted by Calling this the work of "bozos"
a resident of Another Pleasanton neighborhood
on Mar 28, 2012 at 11:08 am

is disrespectful to bozos everywhere!

At least this was not about whether we should invade Iran, while we are there!

And NO I do not think a plastic ban ordinance is fair, or makes sense, either.

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Posted by Informed Resident
a resident of Mohr Park
on Mar 29, 2012 at 6:28 pm

Pleasanton Downtown Association - be careful what you wish for! In asking the City to conduct a "review process" for banks, you may open the door to over regulation. Should the City also consider limiting the number and types of food or retail establishments Downtown - how many Italian restaurants, how many clothing stores, how many home product stores, etc...? After they decide "how many," then they will they get to decide "who?" IE We like Bank X but we don't like Bank Z...

If the PDA is serious about having the City place greater restrictions on private property Downtown - parcels that have already been zoned for commercial purposes - then let's require the PDA to foot the litigation when property owners take our City to court in this matter.

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Posted by Informed Resident
a resident of Mohr Park
on Mar 29, 2012 at 6:38 pm

How many folks do we have on our City Council, our Planning Commission, and our City Staff that have actual retail business experience? What experience have these good folks had in "taking a risk with their own money" to purchase commercial property, build a business, develop & pay for a marketing & advertising plan, select employees, - oh yes - go through the City's expensive land use & permitting process, etc...

If our leaders don't have such experience, perhaps they will spend money to hire more consultants - who also have never risked their own money to actually develop property...

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