••• The price of Mar y Ciel, a.k.a. the Montecito Tea Gardens (above), has been cut from $78 million to $68 million.
••• From the city of Santa Barbara: “Hourly parking rates in downtown parking lots will increase [from $1.50] to $2.50 per hour on July 1. Parkers will continue to receive 75-minutes free parking each day before accruing hourly fees. Rates are in effect 24 hours a day, seven days a week.” Currently, the gates are left open when the kiosks are unstaffed, but at some point, the lots will become fully automated and you’ll have to pay regardless of when you park. Also, there has been talk of reducing the 75-minute free period to 60 minutes, starting sometime in 2025.
••• Another big wall is being built in the Highway 101 corridor—this one is on the north side of Lillie Avenue/Via Real between Greenwell Avenue and Montecito Ranch Lane. It’ll be interesting to see what happens with the top half.
••• The Waterman hotel, in the northwest corner of the Funk Zone (and formerly known as the Wayfarer), sold for $14.649 million. The buyer appears to be StonePark Capital, a local company founded by Andrew Firestone and Jess Parker.
••• Press release: “The City of Santa Barbara Parks and Recreation Department invites community members to […] a ribbon cutting ceremony to celebrate the completion of the Oak Park Dance Floor Restoration. The ceremony will take place at Oak Park, (located at Alamar and West Junipero Streets) on Thursday, June 30, at 1:30 p.m.”
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