Cottage refinances bonds
In coming days, Cottage Health System plans to issue a series of new bonds totaling more than $250 million to replace previously issued auction-rate instruments. The funding will be used for the completion of major construction plans under way by Cottage
Home market recovery to be sharp, fast
According to one Central Coast expert, it won’t be too long before the region sees a fast and sharp recovery of the residential market. At the First American Title 2008 Real Estate and Economic Outlook for Ventura County, or FATCO, presented Sept. 4 at the Hyatt Westlake Village, a crowd of several hundred waited for Read More →
Tech firms capturing capital
Despite its small size compared to Silicon Valley, Santa Barbara is emerging as a major player in Web-based applications and computing. Tri-county technology companies racked up at least $23 million in venture capital and angel investments in the second quarter of 2008. The bulk of that investment went into Santa Barbara-based Web software startups: Appfolio, Read More →
Global Feet
The parent company of Carpinteria-based Global Feet appears to be facing problems, including a plunging stock price, tapped out credit lines, lax financial reporting controls, missing accounting records and a threat from the OTC Bulletin Board to quit quoting the company, according to SEC filings. Global Feet is the company formed by Killick Datta, the Read More →
RiverPark maneuvers to minimize impact from residential slowdown
Since the mortgage crisis spawned the downturn in the residential market, regional experts have said the Central Coast communities are largely sheltered from – though not immune to – national economic trends. Indeed, the Tri-Counties have been affected accordingly by the housing slowdown. Some cities have shown relatively minor price reductions and sales slumps while Read More →
Firestone going out with a bang
Brooks Firestone is not going out with a whimper. Anticipating the likelihood of a victory for self-proclaimed environmentalist candidate Doreen Farr in November, the outgoing 3rd District Santa Barbara County supervisor is using his last few months in office to take full advantage of his working majority. The supervisors have sent Gov. Arnold Schwarzenegger Read More →
SB375 needs a closer look before it
Senate Bill 375 – the so-called “climate change smart-growth bill” – is going to become a law if Sacramento politicians ever agree on a state spending plan. The law, which has had scant public scrutiny to date, is a broadly-defined growth management law, which ties transportation funding to growth patterns. Ideas similar to those Read More →
