Rosemead is about to score its second big victory in capturing a major source of retail sales taxes with the opening of a new national restaurant.
Olive Garden, known for its tasty version of Americanized Italian cuisine, will hold its grand opening on May 6 at 11 a.m.according to the Rosemead Chamber of Commerce.
The restaurant is located at 1866 Montebello Towne Centre Drive, on the eastside of the shopping center and is part of the Shops at Montebello Shopping Center (initially known as Montebello Towne Centre) located next to the 60 Freeway.
While located at the Montebello shopping centre, it is actually situated within the boundaries of the city of Rosemead. As a result, the majority of retail sales tax revenues will go into the Rosemead coffers. Rosemead also has a highly desirable Target department store and an Office Depot.
This the second national restaurant to be located in Rosemead. TGI Fridays opened there early this year at the Rosemead Square Shopping Center located where Rosemead Boulevard connects with the Interstate 10 (San Bernardino Freeway). However, the city is scrambling to replace a Fresh'n Easy Market which is slated to close.
Neighboring cities such as Monterey Park and Temple City are still trying to develop major shopping centers to boost sales tax revenues. Monterey Park has a developer working on the Market Place, also located adjacent to the 60 Freeway, about two miles west of the Montebello shopping center.
Monterey Park recently reported an increase in sales tax revenues as a result of the completion of the Atlantic Time Square Shopping Center at North Atlantic Avenue and Interstate 10.