Industrial park project OK’d for Santa Barbara Airport
The future of the Santa Barbara Airport and its surrounding acreage — once a World War II Marine base and now a business hub — just got a little clearer. The Santa Barbara Architectural Board of Review recently gave a green light to a proposal to build a 50,046-square-foot light industrial park on 14 acres Read More →
Tacky chamber move sets a bad example
When we launched the Pacific Coast Business Times 16 years ago, one of our core values was to respect existing business organizations. That’s why we went the extra step and joined chambers of commerce from the Conejo Valley to San Luis Obispo. We continue to support our chambers and last year we became a media Read More →
Change bankers’ incentives to get big
By Bill Watkins In popular culture, there are “good” industries and “evil” industries. Oil has held the most hated position of the evil list for generations and is likely to hold it until there is no more oil. Farming, once solidly on the good list, is moving to the evil list because its critics Read More →
Land Conservancy of San Luis Obispo County gets 3,000-acre gift
The Land Conservancy of San Luis Obispo County finalized the largest conservation easement gift in its 32-year history March 24. The 3,000-acre expanse at Eagle Ranch in Atascadero is preserved from development after a 10-year process between Eagle Ranch, LLC and the land conservancy. Representatives from both groups and local dignitaries celebrated the agreement at Read More →
State of the City: Santa Barbara in great fiscal shape
Santa Barbara is in its best fiscal shape since the Great Recession but faces some hurdles in the short-term, top officials said at the annual State of the City breakfast March 24 at the Fess Parker’s Doubletree Resort. City Manager Paul Casey said the city has full-funded general reserves – or 25 percent of one Read More →
Limoneira to pay dividend of 5 cents per share
Santa Paula agribusiness Limoneira declared a dividend of 5 cents per share March 24. The dividend will be paid April 15 to all common stockholders at the close of business April 4. Limoneira badly missed analyst estimates when it reported a first quarter net loss of $3.9 million, or 29 cents per share March 11. Read More →
$40 million apartment complex being built on upper State Street
Construction on a $40 million apartment development has begun on upper State Street, according to Los Angeles-based real estate investment company The Kor Group. The 89-unit complex at 3885 State St. will include one-, two- and three-bedroom residences ranging from 613 to 990 square feet. The Marc will feature onsite retail on the ground floor Read More →
