Santa Barbara planning czar Paul Casey is predicting that developer Bill Levy will exceed his June 12th deadline to obtain $185 million in financing needed to begin work on the 62 Ritz-Carlton timeshare condos approved for the lower three blocks of State Street. Levy’s controversial timeshare project was first approved by the Santa Barbara City Council five years ago. Because Levy and Ritz have failed to obtain financing in a timely manner, they have already had to seek several deadline extensions from City Hall. If Levy and Ritz fail to make the June 12th deadline, they can seek only one more six-month extension. After that, the project is dead. Casey said Levy remains optimistic about financing, but noted that even Levy himself has stopped predicting when such financing might be available. Levy – out of town due to a family emergency – was not available for comment.

To submit a comment on this article, email or visit our Facebook page. To submit information to a reporter, email

Be succinct, constructive, and relevant to the story. Leaving a comment means you agree to our Discussion Guidelines. We like civilized discourse. We don't like spam, lying, profanity, harassment or personal attacks.

comments powered by Disqus
event calendar sponsored by:

Observed Altercation Leads to State Street Car Chase

Crash at De la Vina and Alamar precedes hours-long search for occupant.

Santa Barbara County Sets Carpinteria Cannabis Grow Cap

Neighborhood activist Anna Carrillo scores a victory in limiting pot acreage.

Evacuees Across Santa Barbara County Allowed Back Home This Evening

Mandatory evacuation order lifted for all burn areas.

New Scam Involves ‘Ground Stability Testing’

Fake 'land tech' tried to enter a home on the Westside.

Family Sues Santa Barbara County Sheriff’s Office for Wrongful Death

Five deputies shot Bryan Carreño 20 times.