Placentia has embarked upon a comprehensive plan for the revitalization, activation, and economic growth of the city’s Old Town area – the original central business district founded in 1910 around the original train depot and the citrus packing houses.
Like many other U.S. municipalities, Placentia faced a growing and dangerous fiscal crisis after the onset of the 2008 recession. Years of deficit spending and a troubled economic climate left the City with less than $1.5 million in reserves and a grim five-year financial forecast. To assist the City in identifying potential cost reduction and revenue enhancement ideas, a Citizens Fiscal Sustainability Task Force was formed.