Editorial: Systemic pension problems
News that the University of California system faces a $20 billion pension shortfall underscores one sobering truth to consider on Labor Day: Public sector jobs are not a free ride. Every job in the public sector is paid for with taxes, fees, tuition or other levies on private enterprise. Public-sector employees have a certain amount Read More →
Editorial: Ventura Harbor comes to its parking senses
Score one point for small business. After just two months, Ventura Harbor authorities have at least temporarily abandoned their plan to charge drivers for parking during peak hours at the cozy retail and restaurant district that is the main tourist draw for the harbor. The decision to abandon ship on parking fees was officially blamed Read More →
RiverPark units sell for $81.5M
A 400-unit luxury apartment community in Oxnard’s RiverPark development has been purchased for $81.5 million by three L.A. area firms. Los Angeles-based Urban Partners LLC and Beverly Hills-based Capri Capital Partners and Kennedy Wilson purchased Serenade, a “resort-style community” within RiverPark, Oxnard’s proposed master-planned development. “Our focus has been on supply constrained, infill West Coast Read More →
First Solar buys Cuyama array site
The first proposed commercial-scale solar energy project in Santa Barbara County has changed hands. The Cuyama Solar Array Project is now being shepherded by First Solar, the same company proposing the much larger 550-megawatt Topaz Solar Farm on San Luis Obispo County’s Carrizo Plain. The Cuyama project was originally proposed in September 2009 by Edison Read More →
Calavo Q3 earnings up 141%
Avocado marketer Calavo Growers reported a record third quarter, with earnings up 141 percent to $5.9 million, or 41 cents per share. The Santa Paula-based firm said Sept. 1 that third-quarter revenues jumped 8 percent to $114.6 million on healthy sales of fresh avocados and avocado products and growth in its other perishable produce sales. Read More →
