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:

You Solve It,’ City Tells County on Library Money Shortage

To avoid financial shortfall, city sends ball back to county's court.

Vigil for Victims in Palestine Held at Courthouse

Community gathers to protest injustice.

Stoker to Be Sworn into EPA Job

Former Santa Barbara County supervisor confirms his appointment as regional head of Environmental Protection Agency.

Live Stream of Channel Island Falcons Makes History

Webcam follows wild peregrine falcon family on the Channel Islands.

Sonos Informs Employees of Potential Layoffs

'Restructuring' could affect 96; how many in Santa Barbara unknown.