Posted by: Maureen McDermut | April 21, 2009

Santa Barbara, The Gilded Age and The Economist

Recently I was pleasantly surprised to see Santa Barbara mentioned in my latest issue of The Economist…and even more pleased to see that we are again rated favorably by one of the nation’s most prestigious publications. The Economist stated that nowhere in California is immune to recession, but the oldest areas are proving most resistant. Of the ten counties in California with the lowest unemployment rates, one of them is Santa Barbara. The Economist had more to say about our fine city, “Santa Barbara has watched all this from the sidelines. In this slow-growth stronghold, anything other than a glacial pace of development is anathema. Mr. Cushman says that only one block of flats for rent has been built in the region in the past 30 years. And some want to curtail growth further. Later this year the city will decide whether to reduce the maximum height of downtown buildings from 60ft to 40ft. “We like Santa Barbara the way it is,” says Marty Blum, the mayor. The article continues to talk about the foreclosure rate that is well below the national average and how tourism business has only dipped slightly. It mentions the Cottage Hospital which is being rebuilt and how that will eventually create 500 new jobs for the local Santa Barbara area. It’s a really great article about Santa Barbara and if you would like to read the full article, here’s where you can find it: http://www.economist.com/world/unitedstates/displayStory.cfm?story_id=13185560&source=hptextfeature

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Responses

  1. Hi, cool post. I have been wondering about this issue,so thanks for writing. I’ll definitely be subscribing to your blog. Keep up the good work


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