Chapter 11 Filings Cloud Future of More Downtown Stores

The futures of more businesses in downtown Santa Barbara are in doubt since their parent companies are declaring bankruptcy. 

The latest bankruptcies involve Men’s Warehouse on State Street and California Pizza Kitchen on the Chapala Street side of Paseo Nuevo. 

They join a growing list of companies that have left or may be leaving the area, including Gold’s Gym, 24 Hour Fitness and Nordstrom. In many cases, the Chapter 11 filings mean restructuring, but include some closures,

The popular Apple store on State Street has been temporarily closed, as have many of the company’s retail outlets, but no indication has been given as to when they might reopen.

Meanwhile, more and more eateries are setting up parklets, which appear to be installed for the long haul. No signs of the city letting up on their proliferation are apparent even on State Street side streets and in other areas such as Old Town Goleta and Coast Village Road.

It may be interesting to see what happens later in the year if the rains come as they may not fall until the early spring. However, county health officials seem more concerned about the fall flu season.

As if the future of the hospitality industry wasn’t already a question mark, dozens of furloughed or laid off workers at the closed Biltmore Four Seasons Resort in Montecito staged a march and protest to call for information on when they might get their jobs back — if at all.

With unemployment benefits expiring last month, many hospitality industry workers face uncertain financial futures, to say the least.

On a brighter note, through funding from the city of Goleta, local businesses may receive grants up to $10,000 administered by the SBBT and ReStart Loans up to $25,000 administered by Women’s Economic Ventures. 

Posted Aug. 7, 2020.

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