Santa Paula: Showing true grit
As Mayor Jim Tovias explained in his state of the city address on Groundhog Day, Santa Paula hasn’t spent the past year hiding from a weak economy. Without a single layoff or salary reduction, the city has shaved $1 million from a $10 millon budget and reached zero deficit without tapping into reserves. Fearing another Read More →
Read More →Hayes report: Half of 2009 sales on South Coast from four transactions
Hayes Commercial Group in Santa Barbara just released its year-end report, with some grim numbers that just go to prove 2009 is best left forgotten. To its credit, the Hayes team found some unexpected countertrends and even signs of growth among the depressing stats, but the fact remains that real estate remained lackluster in 2009 Read More →
Read More →Weyrich properties hit the auction block
San Luis Obispo County businessman David Weyrich gave up several large properties, including the winery named after him, at a public auction Feb. 2, the Tribune reported. Aegon, an insurance and financial services firm and one of Weyrich’s creditors, now owns the Martin and Weyrich Winery and Villa Toscana, a bed-and-breakfast near Paso Robles, as Read More →
Read More →Cuesta cuts classes
Cuesta College, a community college outside San Luis Obispo, announced Feb. 2 that its summer class offerings will be all but eliminated this year because of budget issues. The school said that the only classes to be offered this summer will be classes that support its health curriculum and classes that support the San Luis Read More →
Read More →Walking Co. Reorganizes
On Feb. 2, Santa Barbara-based shoemaker The Walking Company Holdings filed a reorganization plan that would let the company keep 96 percent of its store locations open and pay off all of its debts and future obligations to trade creditors. The company said it is positioned to emerge from Chapter 11 protection sometime this spring. Read More →
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