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It’s the best thing to happen to downtown Santa Barbara in recent memory.
Other local news: California issues social-distancing guidance for places of worship; Goleta food-preservation firm is now valued at $1 billion; two-hour weekend parking limit at Montecito beaches and trailheads; mountain lion spotted again; drive-in theater reopened.
Plus: Have you walked down State Street now that it’s closed to cars?; a stripped-down Jeff Shelton rental; a pair of Montecito notables have gone MIA; two more sales of note.
The Siteline newsletter is the best way to follow the website. To subscribe, click the link at the bottom of this post. And you can unsubscribe at any time.
Other local news: County creates contact-tracing crew; big donation to help undocumented workers; Montecito Planning Commission dithers over the San Ysidro Roundabout; invite an animal to your next Zoom meeting.
Rare is the high-end property around here that sells for the initial ask. The question is: how far does the number have to drop before someone bites? Here are the week’s top 10 price-chops.
Other local news: Interview with Santa Barbara’s economic development chief; many Old Spanish Days Fiesta events will be held online; OstrichLand update.
















Recent Comments
It is kind of complex to tease out who bears the risks and benefits in these projects that have public and private parties involved. I… — SBradley
Very interesting. If Yardi is paying anywhere near $120M + $35M + $5.7M for almost 250k empty square feet, this is going to take a… — NuemanJ
I think some folks who would consider this is a windfall for Yardi may be overlooking two things: 1)The cost to Yardi to buyout AB's… — StanThompson
Just realizing I did not address your first point. The buildings on the property have been up for sale, and their value is also depressed… — SBradley
I think that the city's representation of this land as having ‘zero value’ is confusing because it sums together the value of 2 distinct things… — SBradley
No idea whether this is a good deal for Yardi or not. Paseo Nuevo has been available for sale since 2020 with no buyers -… — NuemanJ
I wish this same logic worked for Thrifty ice cream! According to the BLS inflation calculator, something that cost 5 cents in 1970 should cost… — Doug B
I'm unclear how bike lanes are related to maga. For that matter please explain how freeways and rail lines are remotely maga in a state… — Bettye Jones
Worth knowing about the Paseo Nuevo deal: the city is skipping the required competitive bidding process for this public land transfer by using the state-approved… — SBradley
This write up is such a biased take that sides with a handful of people. I imagine the people groaning about this project have a… — Yesenia G.