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Economy

Trump Presidency Bad For The Economy? Not On South and Central Coasts, Experts Say

There were no read flags projected from a Trump presidency when it comes to the economy on the South and Central Coasts.

A group of financial and real estate experts spoke Thursday to the Santa Barbara Executive Roundtable.

Mark Schniepp from the California Economic Forecast said that unemployment numbers are down, interest rates are low, and there's no sign of a recession.

Brian Johnson with the commercial real estate group Radius said Santa Barbara could see a tax and tourism increase in the waterfront area, with more leasing of the Funk Zone and Lower State Street.

He also mentioned the completion of the La Entrada Hotel project, as well as the children's museum, MOXI, and other redesigned buildings that could be attractive to new owners.