Monday, June 19, 2006
Maybe you read my quotes in the newspaper about the expansion of one of our auto dealers. Silicon Valley Auto Group -- the folks on Main Street with Ferraris, Bentleys and Rolls Royces – will be opening a new Lamborghini showroom about a mile away on the corner of North Santa Cruz and Bachman. One motivation is to find more space for their newest car: the Bugatti Veyron, one of the world’s most exclusive supercars with a price tag of $1.3 million. That is a long way from my first new car, a cherry red Mustang with black interior that I bought at Swanson Ford for $2,500. Not only will these expensive cars bring us much-needed revenue [the Town receives one penny in sales tax for every dollar spent in Los Gatos, and sales tax contributes about 30% of the Town's Operating Budget], they bring visitors to town who will dine and shop before and after their test drives. This business has become a tourist landmark in Los Gatos, and it's rare to go by there without seeing folks drooling over these elegant motor machines. To read a Los Gatos dateline story about this car in USA today, go to http://www.usatoday.com/printedition/life/20060614/d_cover14.art.htm. The confirmation of the new Lamborghini showroom means that downtown Los Gatos retail commercial space is now 98.5% full! There aren’t many downtown areas that can boast about such a small vacancy rate. It’s a tribute to the unique character and charm of Los Gatos.