Airport in holding pattern
The frozen bond market claimed another potential victim in mid-October when the city of Santa Barbara said it might shelve plans for a bond issue to pay for major improvements to the biggest airport in the Tri-Counties.
It makes sense not to overpay for financing costs for big capital projects like the $60 million terminal improvement plan and the airline industry clearly is having its own difficulties.
But over the longer haul, improving the quality of air service from our facilities in Oxnard, Santa Maria, San Luis Obispo and Santa Barbara is truly in the interest of having a vibrant business community.
We hope the city can ride out the current turbulence in the bond market and get this needed program off the ground in the near future.
