Editing Arcadia, California (section)

==Economy==
Arcadia's economy is driven by wholesale trade, retail trade, manufacturing, health care and social assistance, arts, entertainment, and recreation. Revenue from the [[Santa Anita Racetrack]] has long supported capital improvements for the City of Arcadia, resulting in the city having very little bonded indebtedness.

The [[Westfield Santa Anita]] mall (formerly the Santa Anita Fashion Park) is a major shopping center in the city.  In 2005, the Westfield Santa Anita completed its first phase of expansion, featuring a new food court, numerous smaller retailers, various full-service eateries in an area known as Restaurant Square, and a 16-screen [[AMC Theatres]] megaplex. In 2008, expansion of the mall continued as the Promenade outdoor structure was completed, with new high-end retailers.

In 2004, citing success from regional shopping malls such as [[The Grove at Farmers Market|The Grove]] and [[Americana at Brand|The Americana]], [[Caruso Affiliated]] and [[Granite Real Estate|Magna Entertainment]] (the owners of the Santa Anita Park racetrack) proposed to build a second large shopping mall adjacent to Westfield Santa Anita on the grounds of the Santa Anita Park south parking lot, which would have made Arcadia the largest retail shopping district in Los Angeles County. The controversial project, known as "The Shops at Santa Anita", originally included signature retail, restaurants, condominium projects, a decorative water display, and a horse-drawn trolley.<ref>{{Cite web|last=jwilliams|date=May 14, 2008|title=Caruso's Next Phase of Mall Domination: Shops at Santa Anita|url=https://la.curbed.com/2008/5/14/10570688/carusos-next-ph|access-date=June 11, 2020|website=Curbed LA|language=en}}</ref> Arcadia City Council unanimously approved the project in 2007 after much heated debate between some residents in the community and corporate interests, which included ballot initiatives such as free parking for Arcadia residents, prevention of retail signage installations, and downsizing the project by the removal of condominiums from the project.<ref>{{Cite web|last=jwilliams|date=October 30, 2006|title=The Grove Shops at Santa Anita Limps Forward|url=https://la.curbed.com/2006/10/30/10600868/the-grove-shops|access-date=June 11, 2020|website=Curbed LA|language=en}}</ref><ref>{{Cite web|last=jwilliams|date=April 18, 2007|title=The Grove Far East Edition (at Santa Anita) Approved|url=https://la.curbed.com/2007/4/18/10594658/the-grove-far-e|access-date=June 11, 2020|website=Curbed LA|language=en}}</ref> Magna Entertainment filed for [[Chapter 11, Title 11, United States Code|Chapter 11 bankruptcy]] during the [[Great Recession]] in 2009 and dissolved the partnership with Caruso Affiliated, with Caruso Affiliated a filing a $21 million bankruptcy claim in 2010 to cover damages Caruso Affiliated incurred as a result of the inability to complete the project. The plan to build "The Shops at Santa Anita" was ultimately terminated on May 20, 2011.<ref>{{Cite news|title=Caruso Ditches Plan for Race Track Mall at Santa Anita |work= Los Angeles Business Journal|url=https://labusinessjournal.com/news/2011/may/20/santa-anita-out-running/|access-date=June 11, 2020|date=May 20, 2011}}</ref>

===Top employers===
According to the city's 2020 Comprehensive Annual Financial Report,<ref>{{Cite web|date=June 30, 2019|title=City of Arcadia Financial Report for the year ending in June 30, 2020|url=https://www.arcadiaca.gov/Discover%20Arcadia/city%20budget/cafr/CAFR2020.pdf|url-status=live|access-date=July 14, 2021|website=City of Arcadia|archive-url=https://web.archive.org/web/20210714152951/https://www.arcadiaca.gov/Discover%20Arcadia/city%20budget/cafr/CAFR2020.pdf |archive-date=July 14, 2021 }}</ref>  the top private employers in the city are:

{| class="wikitable"
|-
! #
! Employer
! # of Employees
|-
| 1
|[[Macy's West]]
|443
|-
| 2
|[[Nordstrom Inc.]]
|417
|-
| 3
|[[FedEx|FedEx Ground Package System, Inc.]]
|389
|-
| 4
|[[Optum]]
|205
|-
| 5
|[[J. C. Penney|J C Penney Corp, Inc.]]
|204
|-
| 6
|[[The Cheesecake Factory|The Cheesecake Factory Restaurants, Inc.]]
|180
|-
| 7
|[[Dave & Buster's]]
|165
|-
| 8
|[[Din Tai Fung]]
|135
|-
|-
| 9
|[[Vons]]
|128
|-
| 9
|[[99 Ranch Market]]
|128
|-
|}