- September 30, 2021
- Posted by: Stratford Team
- Category: Business
A group of business leaders is working to buy a 35-acre parcel nine minutes from downtown Santa Barbara to house the homeless and mentally ill.
Property owner Richard Berti has put down $450,000 toward an effort to buy the former St. Mary’s Seminary site at 1964 Las Canoas Road. Berti wired the money on Wednesday, sending the property into a 45-day escrow. Now, Berti, Jason Jaeger, principal of Jaeger Partners, and other business and community leaders will look to raise the rest of the money to buy the site for $14.2 million.
“This is a great opportunity for the community to get together to address mental illness,” Jaeger said. “We are going to have the right people there to address homelessness in Santa…