Jump to content
Main menu
Main menu
move to sidebar
hide
Navigation
Main page
Recent changes
Random page
Help about MediaWiki
Special pages
Niidae Wiki
Search
Search
Appearance
Create account
Log in
Personal tools
Create account
Log in
Pages for logged out editors
learn more
Contributions
Talk
Editing
Burbank, California
(section)
Page
Discussion
English
Read
Edit
View history
Tools
Tools
move to sidebar
hide
Actions
Read
Edit
View history
General
What links here
Related changes
Page information
Appearance
move to sidebar
hide
Warning:
You are not logged in. Your IP address will be publicly visible if you make any edits. If you
log in
or
create an account
, your edits will be attributed to your username, along with other benefits.
Anti-spam check. Do
not
fill this in!
==Economy== [[File:Folded Wings Shrine portal (cropped).jpg|thumb|right|The [[California Churrigueresque]] style [[Portal of the Folded Wings Shrine to Aviation]].]] [[File:Burbank media district along SR 134 2015-01-11.jpg|thumb|right|Office space in the Burbank media district along California State Route 134]] The second-largest office space market in the San Fernando Valley is located in Burbank. Much of the space is utilized by the entertainment industry, which has among the highest office lease rates in the region.<ref>{{cite web|url=http://www.csun.edu/sfverc/2010EconomicSummitReport.pdf |title=Archived copy |access-date=March 5, 2011 |url-status=dead |archive-url=https://web.archive.org/web/20110606071808/http://www.csun.edu/sfverc/2010EconomicSummitReport.pdf |archive-date=June 6, 2011 }}</ref> In 2017, two entities owned about 70% of Burbank's office Cities and Census Designated Places by Individual Countyspace.<ref>{{cite news | url = https://www.latimes.com/business/la-fi-blackstone-burbank-20170921-story.html | title = Wall Street equity fund buys control of $1.7-billion Burbank Media District portfolio | first = Roger | last = Vincent | date = September 21, 2017 | work =[[Los Angeles Times]] }}</ref> About 150,000 people work in Burbank each day, or more than live in the city. As of 2016, only 25% of the city's employed residents worked in Burbank.<ref>{{cite web|title=Profile of the City of Burbank|url=http://www.scag.ca.gov/Documents/Burbank.pdf|page=21|access-date=January 22, 2015|archive-url=https://web.archive.org/web/20150122202328/http://www.scag.ca.gov/Documents/Burbank.pdf|archive-date=January 22, 2015|url-status=live}}</ref> According to the U.S. Census Bureau, in 2012 there were 17,587 companies within the city of Burbank and with combined payroll totaling in excess of $13.4 billion.<ref>{{cite web|title=U.S. Census website|url=https://www.census.gov|access-date=January 15, 2018}}</ref> Nearby [[Hollywood, Los Angeles|Hollywood]] is a symbol of the entertainment industry and much of the production occurs in Burbank. Many companies have headquarters or facilities in Burbank, including [[Warner Bros.|Warner Bros. Entertainment]], [[Warner Music Group]], [[Legendary Pictures]], [[the Walt Disney Company]], [[American Broadcasting Company|ABC]], [[The CW]], [[Cartoon Network Studios]] with the West Coast headquarters of [[Cartoon Network]], [[Nickelodeon Animation Studio]], New Wave Entertainment, [[Insomniac Games]] and [[West Coast Customs]]. Many ancillary companies from [[Arri]] cameras, to Cinelease, Entertainment Partners, JL Fisher, and Matthews Studio Equipment also maintain a presence in Burbank. Xytech Systems Corporation, a business software and services provider to the entertainment industry, is headquartered in Burbank. Local [[IATSE]] union offices for the Stagehands Local 33, [[Grip (job)|Grips]] Local 80, Make-up and Hairstylist Local 706, Set Painters Local 729 and Animation Guild Local 839 also make their home in Burbank with [[Teamsters]] Local 399, [[IBEW]] Local 40 and many other IATSE locals nearby. Burbank's economy felt stress as a result of the recession. From 2007 to 2016, the city had more than 1,200 home foreclosures, with about three-fourths of them happening from 2007 to 2011.<ref name="auto"/> City officials prepared for cutbacks going into 2009. Burbank's City Manager, Mike Flad, estimated the city's 2009–10 fiscal budget would suffer a 5% shortfall. In fact, the city's budget woes continued well into 2017. At the beginning of the budget development process for fiscal 2016–17, the city's staff was projecting a recurring budget deficit of $1.3 million for the year.<ref>{{cite web|url=http://www.burbankca.gov/home/showdocument?id=36772|publisher=Burbank, CA|title=City Manager's Budget Message|access-date=January 7, 2017|archive-url=https://web.archive.org/web/20170301085644/http://burbankca.gov/home/showdocument?id=36772|archive-date=March 1, 2017|url-status=live}}</ref> That followed several years of across-the-board budget cuts by various city departments, according to budget documents. Even so, the city still managed to add some new positions and increase fire staffing. One of the increased costs Burbank and many other California cities are coping with is unfunded pension liability. The city manager's budget message in 2016–17 identified Burbank's aging infrastructure as one of the top priorities of city officials but also one of its biggest financial challenges. The city's 2017 budget documents indicated Burbank should be spending at least $5 million more annually to address the backlog of maintenance on infrastructure and update Burbank's facilities.<ref>{{cite web|url=http://www.burbankca.gov/home/showdocument?id=36765|publisher=Burbank, CA|access-date=January 7, 2017|title=Adopted Annual Budget 2016-2017|archive-url=https://web.archive.org/web/20170301083930/http://burbankca.gov/home/showdocument?id=36765|archive-date=March 1, 2017|url-status=live}}</ref> Regardless, the city forecasts it will post a deficit for at least the next five years, projecting about $9.4 million in red ink in fiscal year 2017–18 and a deficit of about $27.4 million by 2022–23.<ref>{{cite news | url = http://www.latimes.com/socal/burbank-leader/news/tn-blr-me-looking-ahead-20180102-story.html | title = Looking ahead at stories affecting the Media City: Systemic city budget shortfall still looming | first = Burbank Leader | last = staff | date = January 2, 2018 | work = [[Burbank Leader]] | access-date = January 8, 2018 | archive-url = https://web.archive.org/web/20180108054132/http://www.latimes.com/socal/burbank-leader/news/tn-blr-me-looking-ahead-20180102-story.html | archive-date = January 8, 2018 | url-status = live }}</ref> As of April 2012, unemployment in the Burbank area stood at 8.4%, or below the state's jobless rate of 10.9%, according to the California Employment Development Department.<ref>{{cite web |url=http://www.burbankleader.com/the818now/tn-818-0518-glendale-pasadena-see-big-drops-in-unemployment,0,2335070.story |title=Glendale, Pasadena see big drops in unemployment |publisher=Burbank Leader |date=May 18, 2012 |access-date=August 11, 2012 |archive-url=https://web.archive.org/web/20120527194043/http://www.burbankleader.com/the818now/tn-818-0518-glendale-pasadena-see-big-drops-in-unemployment,0,2335070.story |archive-date=May 27, 2012 |url-status=dead }}</ref> Back in January 2011, the unemployment rate in Burbank had reached 10.7%, according to EDD.<ref>{{cite web |last=Kisliuk |first=Bill |url=http://www.burbankleader.com/news/tn-gnp-0305-employment,0,993546.story |title=Local jobless figures rise |publisher=Burbank Leader |date=March 4, 2011 |access-date=December 19, 2011 |archive-url=https://web.archive.org/web/20111124225032/http://www.burbankleader.com/news/tn-gnp-0305-employment,0,993546.story |archive-date=November 24, 2011 |url-status=live }}</ref> By November 2017, though, the unemployment rate in Burbank was just 3.4%, below the 4.1% rate in Los Angeles County, according to EDD data.<ref>{{cite web |url= http://www.labormarketinfo.edd.ca.gov/data/labor-force-and-unemployment-for-cities-and-census-areas.html#CCD |title= Cities and Census Designated Places by Individual County |access-date= January 15, 2018 |archive-url= https://web.archive.org/web/20180130171912/http://www.labormarketinfo.edd.ca.gov/data/labor-force-and-unemployment-for-cities-and-census-areas.html#CCD |archive-date= January 30, 2018 |url-status= live }}</ref> In November 2022, Burbank's unemployment was at 5.40%, compared to 7.2% in November 2021.<ref>{{cite web |title= Cities and Census Designated Places by Individual County |access-date= January 16, 2018 | url= https://labormarketinfo.edd.ca.gov/file/lfmonth/lasub.xls }}</ref> One bright spot in the otherwise bleak job market during the late 2007 into 2009 recession was Kaiser Permanente's decision to relocate some administrative offices near the Burbank airport.<ref>{{cite web |url= http://www.dailymotion.com/video/x74nri_kaiser-permanente-moving-employees_news |title= Kaiser Permanente Moving Employees to Burbank Early 2009 – Video Dailymotion |date= October 20, 2008 |publisher= Dailymotion.com |access-date= December 19, 2011 |archive-url= https://web.archive.org/web/20121110231657/http://www.dailymotion.com/video/x74nri_kaiser-permanente-moving-employees_news |archive-date= November 10, 2012 |url-status= live }}</ref> The relocation from Kaiser's Glendale and Pasadena administrative offices to Burbank was completed in 2009. Additionally, KCET television announced plans in 2012 to relocate to Burbank's Media District.<ref>{{cite web |last=Stettler |first=Meghan |url=http://www.kcet.org/about/pressroom/press-releases/kcet-announces-move-to-the-pointe-in-burbank.html |title=KCET Announces Move to the Pointe in Burbank |publisher=KCET press release |date=April 13, 2012 |access-date=September 12, 2012 |archive-url=https://web.archive.org/web/20130106095848/http://www.kcet.org/about/pressroom/press-releases/kcet-announces-move-to-the-pointe-in-burbank.html |archive-date=January 6, 2013 |url-status=live }}</ref> KCET is a former PBS station and the largest independent station in southern and central California. [[Hasbro Studios]] also is located in Burbank just east of the airport in a commercial complex previously occupied by [[Yahoo]]. ===Top employers=== According to the city's 2021 Annual Comprehensive Financial Report,<ref>{{cite web|url=https://www.burbankca.gov/documents/107269/1571094/20211209-AFR-Year-Ending-June-30-2021.pdf/1b83f969-5815-5a5b-b869-c550a2ed1fff?t=1639160119202|title=City of Burbank (page 154)|access-date=January 5, 2022}}</ref> the top employers in the city are: {| class="wikitable sortable" |- ! # ! Employer ! # of employees |- |1 |[[Warner Bros.|Warner Bros. Entertainment]] |4,000 |- |2 |[[The Walt Disney Company]] |3,800 |- |3 |[[Hollywood Burbank Airport]] |2,250 |- |4 |[[Providence Saint Joseph Medical Center]] |2,200 |- |5 |[[Burbank Unified School District]] |2,047 |- |6 |City of Burbank Government |1,500 |- |7 |[[American Broadcasting Company]] |1,160 |- |8 |[[Deluxe Media]] |627 |- |9 |[[Nickelodeon Animation Studio]] |602 |- |10 |Entertainment Partners |587 |} ===Shopping=== The revitalized downtown Burbank provides an urban mix of shopping, dining, and entertainment. The San Fernando Strip is an exclusive mall designed to be a modern urban village, with apartments above the mall. An upscale shopping district is located in the state-of-the-art Empire Center neighborhood. The [[Burbank Town Center]] is a retail complex adjacent to the downtown core that was built in two phases between 1991 and 1992. In 1979, the Burbank Redevelopment Agency entered into an agreement with San Diego–based Ernest Hahn Company to build a regional mall known as Media City Center. It would later get renamed [[Burbank Town Center]] and undergo a $130 million facelift starting in 2004, including a new exterior streetscape façade. The agency, helped out with its powers of eminent domain, spent $52 million to buy up the {{convert|41|acre|m2|adj=on}} land in the area bounded by the [[Golden State Freeway]], [[Burbank Boulevard]], Third Street and [[Magnolia Boulevard]]. Original plans were for Media City Center included four anchor tenants, including a J.W. Robinson's. But May Co. Department Stores later bought the parent company of Robinson's and dropped out of the deal. The other stores then dropped out as well and Hahn and the agency dropped the project in March 1987. Within months, Burbank entered into negotiations with the [[Walt Disney Company]] for a shopping mall and office complex to be called the "Disney MGM Backlot."<ref>{{cite web | url = http://jimhillmedia.com/blogs/todd_james_pierce/archive/2008/05/28/looking-back-on-the-disney-mgm-studio-backlot-project-part-i.aspx | title = Looking back on the Disney-MGM Studio Backlot project – Part I | first = Todd James | last = Pierce | work = Jim Hill Media | date = May 28, 2008 | access-date = January 4, 2009 | archive-url = https://web.archive.org/web/20090201163106/http://jimhillmedia.com/blogs/todd_james_pierce/archive/2008/05/28/looking-back-on-the-disney-mgm-studio-backlot-project-part-i.aspx | archive-date = February 1, 2009 | url-status = live }}</ref> Disney had estimated that it could spend $150 million to $300 million on a complex of shops, restaurants, theaters, clubs and hotel, and had offered to move its animation department and [[Disney Channel]] cable network operation to the property as well. These plans ended in failure in February 1988 when Disney executives determined that the costs were too high. In January 1989, Burbank began Media City Center project negotiations with two developers, the Alexander Haagen Co. of Manhattan Beach and Price Kornwasser Associates of San Diego. Eight months later, Haagen won the contract and commenced construction, leading to the $250 million mall's opening in August 1991. Under terms of the agreement with Haagen, the city funded an $18 million parking garage and made between $8 and $12 million in improvements to the surrounding area. Plans by [[Sheraton Corporation]] to build a 300-room hotel at the mall were shelved because of the weak economy. The new mall helped take the strain off Burbank's troubled economy, which had been hard hit by the departure of several large industrial employers, including Lockheed Corp. The center was partially financed with $50 million in city redevelopment funds. Construction had been in doubt for many years by economic woes and political turmoil since it was first proposed in the late 1970s. In 2003, Irvine-based Crown Realty & Development purchased the {{convert|1200000|sqft|m2|adj=on}} Burbank Town Center from [[Pan Pacific Retail Properties]] for $111 million. Crown then hired [[General Growth Properties Inc.]], a Chicago-based real estate investment trust, for property management and leasing duties. At the time, the Burbank mall ranked as the No. 6 retail center in [[Los Angeles County]] in terms of leasable square footage, with estimated combined tenant volumes in excess of $240 million. In 1994, Lockheed selected Chicago-based [[Homart Development Company]] as the developer of a retail center on a former [[Lockheed P-38 Lightning]] production facility near the Burbank Airport that was subject to a major toxic clean-up project. A year later, Lockheed merged with [[Martin Marietta]] to become [[Lockheed Martin Corp.]] Lockheed was ordered to clean up the toxics as part of a federal [[Superfund]] site.<ref>{{cite news | url = https://www.latimes.com/archives/la-xpm-2003-mar-08-me-lockheed8-story.html | title = EPA Slashes Fine for Burbank Lockheed Plant | first = Caitlin | last = Liu | date = March 8, 2003 | work =[[Los Angeles Times]] | access-date = January 4, 2009 | archive-url = https://web.archive.org/web/20121024115647/http://articles.latimes.com/2003/mar/08/local/me-lockheed8 | archive-date = October 24, 2012 | url-status = live }}</ref> The northern Burbank area also became identified as the San Fernando Valley's hottest toxic spot in 1989 by the [[South Coast Air Quality Management District]], with Lockheed identified among major contributors.<ref>{{cite news | url = http://chipjacobs.com/articles/environmental/lockheed-resolves-toxic-claims/ | title = Lockheed Resolves Toxic Claims | first1 = Beth | last1 = Barrett | first2 = Lee | last2 = Condon | first3 = Chip | last3 = Jacobs | date = August 4, 1996 | work = [[Los Angeles Daily News|Daily News]] | access-date = January 4, 2009 | archive-url = https://web.archive.org/web/20110813133520/http://chipjacobs.com/articles/environmental/lockheed-resolves-toxic-claims/ | archive-date = August 13, 2011 | url-status = dead }}</ref> Lockheed always maintained the site was never a health risk to the community. [[File:planet p38a.jpg|thumb|right|[[Lockheed P-38 Lightning]] production line in Burbank. The site is now the location of Burbank Empire Center.]] The Lockheed toxic clean-up site, just east of the Golden State Freeway, later became home to the [[Empire Center (Burbank)|Empire Center]]. Four developers competed to be selected to build the $300 million outdoor mall on the site. In 1999, Lockheed picked Los Angeles-based [[Zelman Cos.]] from among other contenders to create the retail-office complex on a {{convert|103|acre|km2|adj=on}} site.<ref>{{cite news | url = https://www.latimes.com/archives/la-xpm-2000-jan-18-me-55033-story.html | title = Huge 'Power Center Mall' Awaits Burbank's Blessing | first = D.B. | last = Young | date = January 18, 2000 | work =[[Los Angeles Times]] | access-date = January 4, 2009 | archive-url = https://web.archive.org/web/20121024115815/http://articles.latimes.com/2000/jan/18/local/me-55033 | archive-date = October 24, 2012 | url-status = live }}</ref> Zelman purchased the land in 2000 for around $70 million. As part of the sales agreement, Lockheed carried out extensive soil vapor removal on the site. Lockheed had manufactured planes on the site from 1928 to 1991. Together with $42 million for demolition and $12 million for site investigation, Lockheed would eventually spend $115 million on the project. [[Warner Bros.]] proposed building a sports arena there for the Kings and the Clippers on the former B-1 bomber plant site. Price Club wanted it for a new store. Disney considered moving some operations there too. The city used the site in its failed attempt to lure [[DreamWorks Pictures|DreamWorks]] to Burbank.<ref>{{cite news | url = https://www.latimes.com/archives/la-xpm-1999-jul-15-me-56135-story.html | title = L.A. Officials Wooing a DreamWorks Studio | first1 = Patrick | last1 = McGreevy | first2 = Jeffrey | last2 = Gettleman | date = July 15, 1999 | work =[[Los Angeles Times]] | access-date = January 4, 2009 | archive-url = https://web.archive.org/web/20121024115912/http://articles.latimes.com/1999/jul/15/local/me-56135 | archive-date = October 24, 2012 | url-status = live }}</ref> Phoenix-based [[Vestar Development Company]] planned a major retail development and spent more than a year in negotiations to buy the property from Lockheed before pulling out late in 1998. Less than eight months after breaking ground, the Empire Center's first stores opened in October 2001. Local officials estimated the complex would generate about $3.2 million a year in sales tax revenue for the city, and as many as 3,500 local jobs.<ref>{{cite news | url = http://www.thefreelibrary.com/NEW+MALL%3a+THINK+BIG+BURBANK+GIANT+TO+BOOST+TAX+BASE.%28News%29-a079078921 | title = New mall: think big Burbank giant to boost tax base | first = Naush | last = Boghossian | date = October 1, 2001 | work = [[Los Angeles Daily News|Daily News]] | access-date = August 15, 2009 | archive-url = https://web.archive.org/web/20121019235855/http://www.thefreelibrary.com/NEW+MALL:+THINK+BIG+BURBANK+GIANT+TO+BOOST+TAX+BASE.(News)-a079078921 | archive-date = October 19, 2012 | url-status = live }}</ref> Within a year of completion, the Empire Center was helping the city to post healthy growth in sales tax revenues despite a down economy. Alone, the Empire mall generated close to $800,000 in sales tax revenues in the second quarter of 2002. The outdoor mall's buildings hark back to Lockheed's glory days by resembling manufacturing plants. Each of the outdoor signs features a replica of a Lockheed aircraft, while the mall design brings to mind an airport, complete with a miniature control tower.<ref>{{cite news | url = http://www.entrepreneur.com/tradejournals/article/91481042.html | title = Nostalgic Burbank Empire Center has air of success | last = Brinsley | first = John | work = [[Los Angeles Business Journal]] | date = March 25, 2002}}</ref> In 2009, work was finished on a $130-million office project adjacent to the Empire Center. The completion of the seven-story tower marked the final phase of the mixed-use Empire development near Bob Hope Airport. In late 2012, IKEA announced plans to relocate to a new site in Burbank. Its original location was situated north of the Burbank Town Center mall. The new location was approved by the city in 2014 and is just north of Alameda Avenue and east of the Golden State Freeway. The new 456,000-square-foot store was completed in February 2017, and when it opened was the largest IKEA in the United States.<ref>{{cite news | url = https://www.latimes.com/local/lanow/la-me-ln-burbank-ikea-20140312-story.html | title = urban approves construction of largest Ikea store in U.S. | first1 = Alene | last1 = Tchekmedyian | date = March 12, 2014 | work = [[Burbank Leader]] | access-date = September 9, 2015 | archive-url = https://web.archive.org/web/20151016164217/http://articles.latimes.com/2014/mar/12/local/la-me-ln-burbank-ikea-20140312 | archive-date = October 16, 2015 | url-status = live }}</ref> Meanwhile, the old IKEA site north of the mall is getting its own makeover and will feature residential and retail space. Also, the Burbank Town Center mall itself is getting a facelift of its own. The two projects together are expected to cost more than $350 million. The redevelopment reportedly includes using some of the land just north of the old IKEA site, including the Office Max location.<ref>{{cite news | url = https://www.pasadenastarnews.com/2018/01/05/former-ikea-site-in-burbank-will-get-new-look-new-retail-residential-strategy/ | title = Former IKEA site in Burbank will get new look, new retail-residential strategy | last = Grigoryants | first = Olga | work = [[Pasadena Star News]] | date = January 5, 2018 | access-date = January 7, 2018 | archive-url = https://web.archive.org/web/20180107232938/https://www.pasadenastarnews.com/2018/01/05/former-ikea-site-in-burbank-will-get-new-look-new-retail-residential-strategy/ | archive-date = January 7, 2018 | url-status = live }}</ref>
Summary:
Please note that all contributions to Niidae Wiki may be edited, altered, or removed by other contributors. If you do not want your writing to be edited mercilessly, then do not submit it here.
You are also promising us that you wrote this yourself, or copied it from a public domain or similar free resource (see
Encyclopedia:Copyrights
for details).
Do not submit copyrighted work without permission!
Cancel
Editing help
(opens in new window)
Search
Search
Editing
Burbank, California
(section)
Add topic