Industry gives way to retail at heart of city's economy. (Spotlight on Pico Rivera).(Pico Rivera Towne Center )(Brief Article)(Statistical Data Included)

Los Angeles Business Journal | May 13, 2002| | Copyright

PICO Rivera will be taking a new turn this fall.

When the 629,000-square-foot $55-million Pico Rivera Towne Center opens, no longer will the city's residents need to drive to nearby Whittier or Downey to do their shopping. The open-air mall, along with two adjacent industrial developments, will boost the city's revenue base by $9 million in property and sales taxes, as well as business license fees, and generate up to 7,000 permanent jobs.

All three developments are located at the 200-acre former Northrop Grumman Corp. site on Washington Boulevard, the focal ...

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