Commission recommends Puente Power Project be built on alternative site
The California Coastal Commission has unanimously recommended that Oxnard’s Puente Power Project be built somewhere other than the site of an existing power plant on Mandalay Beach. The Coastal Commission made the recommendation at a Sept. 9 meeting in Newport Beach, saying the Puente Power Project should be built on an alternative site outside of Read More →
Newbury Park man gets 5 years in prison for elder scam
A Newbury Park man was sentenced to five years in state prison on Sept. 9 for his role in an investment scheme targeting elders. Rod Hormell was a financial adviser. In May, the 59-year-old pleaded guilty to felony violations of theft from an elder and fraudulent sale of securities, admitting to stealing more than $100,000. Read More →
Brown signs bill to cap idle oil, gas wells
Gov. Jerry Brown signed a bill on Sept. 9 that aims to cap more idle oil and gas wells. Assemblyman Das Williams, D-Santa Barbara, authored AB 2729, which ensures that funding is available to cap idle wells and creates disincentives for operators to maintain large numbers of idle wells. The bill also broadens the definition Read More →
Industrial project breaks ground in Simi Valley
Updated on Sept. 13 at noon: A 141,000-square-foot industrial project broke ground in Simi Valley. The four-building property coined The Point at the Simi Valley Business Center can accommodate companies looking for 30,000 to 42,000 square feet of Class A industrial space. Construction is scheduled for an April 2017 completion. “Initial interest has been strong, Read More →
Resonant plans to raise $9.2 million in public offering
Resonant, a late stage Goleta development company designing small smartphone technology, plans to raise $9.2 million in a public offering. Documents filed with the Securities and Exchange Commission Sept. 9 said the company plans to offer about 2.4 million shares for $4.25 per share. The company expects to complete the offering by Sept. 14. Resonant Read More →
Coast Guard making permanent move to Naval Base Ventura County
The Coast Guard will make its current operating base at Naval Base Ventura County permanent after previously announcing the closure of its Air Station Los Angeles facility at Los Angeles International Airport. “I am pleased that, with the help of local stakeholders, we were able to shepherd this permanent move to Point Mugu. The Coast Read More →
Papa Murphy’s pizza eyes bigger slice of Tri-Counties
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