The sluggish economy will force budget cuts throughout city departments, Corona Mayor Jeff Miller announced Wednesday following his State of the City speech this week.Despite the cuts, Miller told an audience of 400 people Tuesday that Corona residents are still going to see large-scale traffic improvement projects, major commercial developments and a drive for more affordable housing in the aftermath of the mortgage industry meltdown. The State of the City speech was hosted by the Corona Chamber of Commerce.
Even as the community faces the same factors weighing down the economy nationwide, Corona is well-positioned to weather the storm, Miller said.
"Sales-tax revenues are down. We anticipate that there will be 5 percent cuts across the board in every department, and each department is working through how they are going to achieve these cuts without affecting service to our residents," Miller said.
But years of fighting for transportation funding and economic development planning has prepared the city to move forward with new projects even as other communities slow down.
"We've been fighting for transportation dollars for seven years," said Miller. "So the money has become available, and we're focused on these big projects in Corona."
The city is in the midst of the Magnolia Avenue overpass and Green River Road bridge replacement projects, he said. A new lane was recently added to a portion of Highway 91 at Serfas Club Drive in Corona.
In the next year or two, the city is also gearing up for the Foothill Parkway extension and the expansion of the Highway 91 and Interstate 15 interchange, he added. The state has pledged $2.2 million in Prop. 1B bonds to improve connections between highways 91, 71 and Interstate 15 and to add onramp auxiliary lanes to Highway 91, Miller said.
The city is also focused on economic development in the downtown area, Miller said. Taking advantage of the falling property values, the city has bought or facilitated land deals for redevelopment projects in the Corona Mall and the Edwards/Corona Plaza on Main Street.
Toward that end, the city has facilitated nearly $40 million in private land deals for the future mixed-use development of retail, office and residential developments for the downtown, he said.
Phase II of the Dos Lagos shopping center is slated to begin this year, adding about 200,000 square feet of retail space to the city, Miller said. The upcoming Phase II of the Crossings development will add another 300,000 feet of retail space, create jobs and expand the city's sales-tax base.
Miller also acknowledged there are economic hardships ahead.
"The presentation by Mayor Miller was very upbeat, but the economic picture can't always be rosy," said chamber President and Chief Executive Officer Bobby Spiegel. "(Miller) also showed us what the city is doing to help people on a personal level to get through these difficult times."
Spiegel said he was glad to learn about the city's upcoming program to waive permit fees and encourage homeowners to protect their property values with home-improvement projects.
The business community was also encouraged by news of ongoing office developments to serve companies that may want to come to Corona, Spiegel said.
Reach Paige Austin at 951-893-2106 or paustin@PE.com

