September 19, 2024
Tag: Metropolitan Theatres
The City Council’s Current Thinking About State Street
Other recent news: CVS is said to be closing downtown; Metropolitan Theatres has left the Fiesta Five on State Street; interview with city administrator Kelly McAdoo; what to do with two dilapidated airport hangars; Fuel Depot opened on Storke Road; candidates for Goleta elections; progress for the Chumash Heritage National Marine Sanctuary. 11
March 7, 2024
The Deal to Transform Paseo Nuevo Is Taking Shape
Other recent news: The owner of nearly all local movie theaters declared bankruptcy; Roy Lee appears to have dislodged Das Williams; Garden Street hotel moves forward; the buyer who paid $32 million for the DeGeneres/de Rossi flip; updated FEMA flood maps expected soon; the Macy's store at La Cumbre is spared for now; Ellwood Marine Terminal to be restored to its natural state; Ellwood Mesa has reopened to the public; wind farm near Lompoc begins operations. 9
August 29, 2022
Two Local Movie Theaters Are Finally Getting Upgraded
Plus: Work on the Santa Claus Lane bike path will start soon; 36-unit apartment complex proposed for the Jiffy Lube site on De La Vina; construction imminent of big apartment project at State and Gutierrez; classic Santa Barbara commercial space for lease; new show at Marcia Burtt Gallery; My Pet Ram gallery in the Funk Zone. 5
















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.