Close To Home: UC Regents Buy Devereux
BlogaBarbara is reporting that the 33-acre Devereux Property was acquired today by the UC Regents according to an announcement that was sent out by UCSB Chancellor Henry T. Yang.
To read more, click here to visit BlogaBarbara.
What does this mean for development of this coastal property? UCSB continues to expand and now the Devereux Property will be developed without needing to adehere to local planning guidelines as it is now state property. Yang didn't discuss any plans other than have the property produce income so there is no additional financial burdern for UCSB. This will be something to keep a close eye on.
-Sara De la Guerra, BlogaBarbara
