Alexander “Stewart” and Louisa MacDougall have committed $5 million to support The Campaign for Cottage Health System. The gift will support construction, repair, and maintenance needs of the Cottage Eye Center, including the acquisition of important medical equipment. To honor their commitment, the facility, 2400 Bath St., Santa Barbara, will be renamed the Stewart and [...]
Countrywide Financial Corp.’s 14 senior executives are expected to receive stock-based awards of $28.5 million upon completion of the Calabasas-based lender’s sale to Bank of America Corp., a May 21 regulatory filing showed. Countrywide President David Sambol, who will run the combined companies’ mortgage business, would have awards valued at $12.4 million, based on Bank [...]
The South Coast has lost a symbol of its history almost as familiar as the Old Santa Barbara Mission itself. Father Virgil Cordano took on the persona of the mission padres in his brown, flowing robe and wide-brimmed hat. He died May 22 after a series of ailments at the age of 89. [...]
Plans to build a suicide-prevention barrier on the Cold Springs Bridge at the San Marcos Pass in Santa Barbara County have ranged in price from $605,000 to $3 million. Forty-three suicides – 31 in the past 25 years – have been committed by men and women leaping from the scenic, 400-foot-high bridge on Highway 154 [...]
One question tends to pop up more frequently in the Tri-Counties’ downtown areas as soon as temperatures rise: “Can you spare any change?” That question might be asked even more this year because of a sinking economy and the clean-up on Los Angeles’ notorious homeless hangout Skid Row. With Santa Barbara’s main homeless shelter, Casa [...]
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While this spring’s federal economic stimulus package is expected to help the tri-county economy, more needs to be done “to stop the bleeding” caused by the mortgage crisis, said Rep. Lois Capps, D-Santa Barbara, in a Memorial Day interview. The 10-year congresswoman said she favors legislation co-authored by Rep. Barney Frank, D-Mass., and two other [...]
Although commercial fishing has been banned in California since 1997 and sport fishing is severely regulated statewide, the Central Coast is home to two abalone farms. And for them, business is bubbling – the harvest season began in May. The Abalone Farm in Cayucos and The Cultured Abalone in Goleta both farm red abalone for [...]
It is one of the quirks of the Internet age that R-rated videos running on YouTube garner millions of hits while just a handful of dedicated science junkies logged on to the Web to catch the creation of the Nobel Prizes for the 21st century. Put me down in the second category. Which is why [...]
Brooks Firestone and Tom McClintock, two tri-county political fixtures, will clear out this year, and the contested races in their wake could alter the balance of party power in Sacramento and Santa Barbara County. The races’ outcomes will factor deeply into how state and county governments tackle issues such as Goleta’s affordable housing shortage and [...]
It’s all smiles and sauvignon in Happy Canyon’s vineyards
Towbes Group grabs Goleta with Groupon-like deals at retailers
Social-media IPOs could launch Golden State sustainability fund
Ventura County brokers hold out ’til 2013 for real recovery
Name changes and new faces at SLO and Oxnard law firms
From apartments to industrial spaces, deals close in the region