“This is great news for Magnolia Park,” said Davis, owner of the property for the past 15 years. “Over the last year, I had so many business owners say, ‘Tim, you’ve got to do something, we need this foot traffic to continue the growth of our businesses.’”
While neither side would disclose terms of the deal, it is “something that made everybody happy,” Davis said. “As far as I am concerned, they are going to be there for as long as they want to be there.”
No decision has been made on whether the U.S. Postal Service would eventually consolidate the location, spokesman Richard Maher said.
News of the station’s planned shuttering sprung the owners of Atomic Records, Cobblestone Gift & Floral Design and 8-Ball into action.
For months the business owners gathered more than 4,000 signatures, pleaded their cases to elected representatives and stressed the financial blow that the 1.5-miles-away relocation to Hollywood Way would have.
Atomic Records owner Steve Alper, who chose the storefront at 3812 W. Magnolia Blvd. nearly 14 years ago in part because of its proximity to the post office, called it the perfect neighborhood post office and a fixture of the community.
“Hopefully they’ll come to some kind of agreement and stay open long term for the betterment of Burbank,” Alper said. “It’s become an institution.”
The record store does a significant amount of online business through auctions and prepares dozens of daily shipments.
But in making the decision to close the Magnolia Park Post Office, officials said they took into account not only the poor economy, but the state of the shipping business in general.