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Michael and Anne Towbes give $5M to Granada Theatre group

By   /  Monday, March 17th, 2014  /  Nonprofits, Real Estate, Tourism  /  Comments Off on Michael and Anne Towbes give $5M to Granada Theatre group

Developer and banker Michael Towbes and his wife, Anne, have made a $5 million gift to the Santa Barbara Center for the Performing Arts. The gift is irrevocable, the organization said in a March 17 announcement, and is in addition to the $15 million the couple has previously given to SBCPA.

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Ceres to plow $23M raise into sorghum tests

By   /  Friday, March 14th, 2014  /  Agribusiness, Banking & Finance, Tourism, Tri-County Public Companies  /  Comments Off on Ceres to plow $23M raise into sorghum tests

Thousand Oaks-based energy crop firm Ceres has raised $23 million that it hopes will help it to break even as it continues testing its seeds in Brazil.

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Big firms check in to Santa Barbara hotel boom

By   /  Friday, March 14th, 2014  /  Real Estate, South Coast, Top Stories, Tourism, Tri-County Economy  /  Comments Off on Big firms check in to Santa Barbara hotel boom

The 122-room Hotel Oceana on Santa Barbara’s waterfront has been purchased for $41.7 million by a Philadelphia investment trust that wants to expand on the West Coast. (Alex Drysdale / Business Times photo)

A Philadelphia company’s $41.7 million purchase of Hotel Oceana in Santa Barbara signals that large out-of-town investors are betting on a major boom in South Coast tourism.

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South Coast golfers trod parched courses amid drought

By   /  Friday, March 7th, 2014  /  Agribusiness, Central Coast, East Ventura County, Features, Green Coast, South Coast, Top Stories, Tourism, Tri-County Economy, West Ventura County  /  Comments Off on South Coast golfers trod parched courses amid drought

Rancho San Marcos, a par 71 course in the Santa Ynez Valley, said dry conditions are affecting business. The course’s general manager told the Business Times that the number of rounds played at the course is at 10 percent of normal. (Alex Drysdale / Business Times photo)

Some of the greens on the South Coast are starting to look a little brown as regional golf courses cut back on watering amid California’s worsening three-year drought.

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Hotel Oceana sells to Philadelphia firm for $41.7M

By   /  Thursday, March 6th, 2014  /  Real Estate, Top Stories, Tourism  /  Comments Off on Hotel Oceana sells to Philadelphia firm for $41.7M

Hersha Hospitality Trust said it purchased the 122-room Santa Barbara hotel as part of a strategy to get into one of the “highest-demand gateway markets in the United States.”

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Film productions reel in $4.1M for SLO County

By   /  Thursday, February 27th, 2014  /  Central Coast, Latest news, Tourism  /  Comments Off on Film productions reel in $4.1M for SLO County

Film production in San Luis Obispo County is on a roll, creating an estimated $4.1 million economic impact last year over 183 filming days. Notable credits include ABC’s “The Taste” and a slew of car commercials.

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American Airlines to stop flying to LAX from SBA

By   /  Thursday, February 27th, 2014  /  South Coast, Tourism, Tri-County Economy  /  Comments Off on American Airlines to stop flying to LAX from SBA

American Airlines will no longer offer service to Los Angeles from the Santa Barbara Airport starting April 1. The change is due to a nationwide restructuring of the airline’s routes, according to a Feb. 26 announcement.

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