WEATHER »

Potential Naples Buyer Heading Before Supes


All parties involved in the tentative sale of Naples will be at the Santa Barbara County supervisors’ meeting on 7/2. Though signs indicate the matter won’t be addressed until after the board comes back from its summer break on 8/20, next week’s meeting marks the first public appearance of the Gaviota property’s prospective new owner and would-be developer, Phil Ram (a.k.a. Dilip Ram). Ram, who is believed to be in escrow to purchase Naples from First Bank for just shy of $50 million with much of his financial backing coming from the investment hedge fund Cerberus, might be familiar to folks around Santa Barbara for his role in the Mesa condo development project known as the Estates at Vista del Oceano. The supervisors have to decide if Ram (who has racked up more than a baker’s dozen of bankruptcies over the years) and company have the financial wherewithal and reputation to deliver the various conditions of approval associated with the Naples project.

To submit a comment on this article, email letters@independent.com or visit our Facebook page. To submit information to a reporter, email tips@independent.com.



event calendar sponsored by:

Plastic Bags? Throw ‘Em Away

Santa Barbara County makes recycling rules tougher in face of exacting standards.

UCSB Ranked Number Three in UC System

Cal and UCLA took the one and two spots.

Pini Property Fights Continue

As an epic attorney battle continues in the Dario Pini receivership, a tenant is getting fed up.

MTD Takes Stand Against Prop. 6

The bus company is concerned about the state funding it relies upon.

County Half-Jokes It Wants Cannabis ‘World Domination’

A government executive implores growers to get legal before time runs out.