Bill Levy Closes Up Shop
Longtime high profile developer unsuccessful in recent project funding
Santa Barbara’s once-legendary developer Bill Levy closed his downtown offices last week. Levy’s fortunes plummeted in recent years after he failed to secure the funding needed to build the “village” of time-share condos he had planned for lower State Street. Late last year, Levy declared bankruptcy and was foreclosed upon by his largest lender, Mountain Funding. Even now, his agents insist, Levy will regain possession of the project he initiated nearly 17 years ago.