August 24, 2008
On "Given a sporting chance: Sport Chalet's founder is seeing his dream come true" (Aug. 20): My family moved to La Canada Flintridge last year. Despite the inflated housing costs, we saw the area as a great place to raise our small children, with good schools, low crime and a sense that one lived in a real small-town community. Unfortunately, deep pockets of the likes of Sport Chalet founder Norbert Olberz and his developer buddies -- and an absolute lack of foresight by City Hall -- have pretty much destroyed this small-town feeling and are replacing it with the overdeveloped ugliness that comprises most of Los Angeles County.
March 21, 1985 |
Members of an advisory committee who will study commercial development on Foothill Boulevard, particularly the proposed expansion of the two Sport Chalet sporting goods stores, were named this week by the La Canada Flintridge City Council. Called the Mayor's Advisory Committee on Foothill Boulevard, the 20-member group represents a cross section of the city's residents and includes civic activists, business leaders, preservationists and developers, officials said.
July 26, 2009 |
The gig: Chief executive and chairman of sporting goods chain Sport Chalet Inc. Founded 50 years ago, the La Canada Flintridge company today operates 55 stores in four states, with most locations in California. For fiscal 2009, Sport Chalet posted sales of $372.7 million, a 7.4% drop from a year earlier, and a net loss of $52.2 million. Education: Bachelor's and MBA degrees from the University of Kansas.
August 20, 2008 |
Decades have passed since Sport Chalet Inc. founder Norbert Olberz, 83, began pressing to develop a shopping plaza in the heart of La Canada Flintridge. Sometimes he wondered if it would ever happen. "I just hope I don't die first," he said eight years ago. He didn't. On Thursday, the tenacious German immigrant will celebrate the opening of a 45,000-square-foot Sport Chalet that is the centerpiece of the La Canada Flintridge Town Center development. The $60-million project stretches over about 11 acres at the northeast corner of Angeles Crest Highway and Foothill Boulevard, and ultimately will be home to 15 stores and restaurants.
January 24, 1985 |
With three years left to serve in his term, Mayor Thomas Curtis announced Monday that he will resign from the La Canada Flintridge City Council in April. The announcement, made at a City Council meeting, caught council members, city staff and the small audience by surprise. "Does someone see my teeth on the floor? I think I just dropped them," Councilwoman Barbara Pieper said after hearing Curtis' decision. "I'm speechless," Councilman J. Bixby Smith said.
June 29, 2005 |
Talk about a succession plan. Sporting goods retailer Sport Chalet Inc. proposed Tuesday a recapitalization plan that would shift most of founder Norbert Olberz's 65% stake to the company's top two officers -- for free. Based on Tuesday's closing price, the value of the shares given to Chairman and Chief Executive Craig Levra and Chief Financial Officer Howard Kaminsky would be more than $60 million. "It was my idea. Nobody talked me into it," Olberz said.