MG Charles A. Ott Jr. Armory (Sept. 20, 2016)
Paul Wellman

The 4.7-acre Santa Barbara Armory property (pictured) and its historic facility has a market value of $12,350,000, according to an appraisal paid for by Santa Barbara Unified School District. Conducted by McMillan Moore, the appraisal assumes that, as reported, the California Military Department will remediate lead contamination from the facility’s indoor shooting range. The state is expected to complete its own appraisal this month. By state law, the district has first dibs but must be in escrow by 7/1 or the property goes to the open market. Last fall, voter-approved bonds earmarked $20 million toward purchase and renovation.


Please note this login is to submit events or press releases. Use this page here to login for your Independent subscription

Not a member? Sign up here.