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Friday, Jan 27, 2023

Week in Review

Quote of the Week

‘People are watching their pennies, and from those I’ve talked to in the nightclub and restaurant business, here and in Las Vegas, I’ve been told that business is off from 15 to 25 percent and in some cases 30 percent.’

, James Brennan, nightclub and restaurant owner.

Click here for the story.

Friday, Feb. 1

Covering The Waterfront:

The San Diego Unified Port District said it is using $2.9 million it received from the Department of Homeland Security to beef up security systems. Among the contemplated uses are installing fiber optics communication networks and additional security for port properties, said John MacIntyre, the port’s homeland security manager.

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, Mike Allen

Tuesday, Feb. 5

Sycuan Mulls More Slots:

California voters said they would like to see expansions at casinos on four American Indian reservations, including the one on the Sycuan Band of the Kumeyaay Nation’s land near El Cajon.

Sycuan spokesman Adam Day said Feb. 6 that the tribe was “extremely pleased” with the passage of Proposition 96, which 55.8 percent of state voters approved, according to preliminary election results. Day said tribal members were humbled and happy that voters had faith and confidence in them.

He said the Sycuan band will now study the market for gaming. Under the deal, Sycuan may have as many as 5,000 Nevada-style slot machines in two casinos. Its previous limit was 2,000 machines in two casinos.

, Brad Graves

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Brokerage Bought:

M.L. Stern & Co., a Beverly Hills-based brokerage with offices in downtown San Diego and Rancho Bernardo, said it was acquired by SWS Group Inc., a Dallas-based financial services company, for an undisclosed price. The seller was Pacific Life Insurance Co. of Newport Beach.

, Mike Allen

Wednesday, Feb. 6

Toll Roadblock:

The California Coastal Commission voted 8-2 to deny a proposed toll road that would have run through a habitat reserve in Orange County and San Onofre State Beach.

A crowd of 3,000 assembled at the Del Mar Fairgrounds for a 12-hour deliberation, making the meeting the most heavily attended public hearing in Coastal Commission history.

Coastal Commission Legislative Director Sarah Christie said that the group opposed to the project presented more compelling and logical arguments than those in favor.

The toll road’s builder, the Transportation Corridor Agencies of Irvine, can appeal the decision to the U.S. Secretary of Commerce and ask for an override of the commission’s actions, but that process could take a year or longer, Christie said.

, Liz Wiedemann


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