Santa Barbara city leaders discuss potential acquisition of vacant News-Press building in closed-door meeting
SANTA BARBARA, Calif. – The vacant Santa Barbara News-Press building was the topic of discussion at a closed-door meeting involving city leaders this week.
Tuesday's agenda item said the mayor, city attorney and city administrator held a meeting on price and terms of payment for 715 and 718 Anacapa Street.
Those addresses belong to the News-Press building and two parking lots near city hall.
The city may be looking to purchase those properties, though city leaders could not confirm the exact details.
News-Press owner Wendy McCaw filed for bankruptcy in July, laying off the newspaper's remaining staff members.
The News-Press' publishing company is Ampersand Publishing LLC. The building and associated real estate are part of a separate company, 715 Anacapa St LLC, also owned McCaw.
