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THE BOTTOM LINE / Bill Ritter

August 12, 1986|Bill Ritter

Going for a Little Class?

Bach records stacked behind Bachman Turner Overdrive? Mozart albums displayed next to Motley Crue?

If the combinations make Beethoven roll over, then tell Tchaikovsky the news: Tower Records may open a classical music store here.

Company officials are now trying to find a facility within a block of their Sports Arena outlet. Sacramento-based Tower, with more than 90 record and video stores around the country, has a handful of classical music stores near existing outlets in New York, Los Angeles and Berkeley.

More than 13% of Tower's sales in San Diego fall into the classical category, according to assistant manager Maria Meiners.

Turning the Tables on McCue

Harry McCue, the cigar-smoking, down-home U.S. magistrate whose image as a wag belies his hard-nose captaining of out-of-court settlement talks, draws center stage next month as local lawyers honor him for 15 years on the bench.

McCue, who will be hosted by the federal court committee of the San Diego County Bar Assn., has taken charge in the Oak, Nucorp and J. David & Co. settlement conferences with disgruntled and litigious investors.

Price Was Right

Price Co., which last week appeared to have drawn the short straw in the two-company race to develop a 19-acre shopping center in Alhambra, wound up the victor, as city officials chose economics over aesthetics.

Costco, a competitor to Price Co.'s string of Price Club discount retail warehouses, was edged out, even though an outside consultant favored its aesthetic approach.

Price Co., city officials determined, will generate nearly $6 million for Alhambra's coffers over the next 25 years, about $1.7 million more than Costco's development.

Lots of Talk, No Action

Nobody seems to be making the first move, but if problems on Crown Bancorp's newly elected board of directors of four management incumbents and three shareholder dissidents are to be solved, then lawsuits between the dissidents and the company will have to be dropped, sources insist.

As of late Monday, there was only lots of talk about settling the cases out of court; nothing official has yet been filed.

Meanwhile, dissident shareholder Ed Schmidt, whose proxies were judged invalid by a three-member elections inspection panel, vows he'll file suit soon, seeking to overturn the committee's decision.

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