November 24, 1996 |
Car dealer Norman Gray was a fearless gambler. In business and after hours, he showed a knack for seeing where the play was going and wagering accordingly. He built Magic Ford in Valencia into the nation's fifth-largest Ford dealership, lavishing the profits on friends and charities. But he also, by many accounts, spent a fortune at racetracks and in Las Vegas.
April 15, 1993 |
The La Verne redevelopment agency is considering lending as much as $500,000 to Person Ford to keep the dealership, the city's biggest sales tax producer, from leaving town. Last week, owner Warren Person asked the City Council, sitting as the redevelopment agency, for a loan of $500,000 in exchange for his commitment to stay in the city for at least five more years.
October 22, 1992 |
In an effort to prop up this city's beleaguered auto mall, the City Council has approved as much as $430,000 in loans and grants to two car dealerships. Acting as the city redevelopment agency on Tuesday, the council approved an $80,000 loan to Paul E. Hobbs' Jeep/Eagle dealership to ease its financial crunch.