Harbor Commission - August 20, 2026

The City of Santa Barbara Harbor Commission held its regular meeting on August 20, 2026, focusing on several procurement and leasing matters. The commission approved lease agreements for Blue Water Hunter and Gelato Garden LLC, both involving five-year terms with percentage rent components. A significant discussion centered on the city's property insurance program, particularly the rising deductibles and premiums for Stearns Wharf, a high-risk coastal asset. The finance and risk management officials explained the challenges in insuring the wharf due to its unique exposure and construction, noting the deductible has increased to $2.5 million with expectations of further rises. The commission also conducted a lottery to allocate a 30-foot designated commercial fishing slip, selecting three ranked applicants. Additionally, the commission reviewed and recommended a ten-year lease agreement with two five-year options for Moby Dick Restaurant at Stearns Wharf, featuring a base rent increase and a novel percentage rent structure that decreases as revenue grows. An update was provided on West Marine's bankruptcy and potential store closure, with plans to issue an RFP for the space if vacated, emphasizing the desire to maintain marine hardware retail in the harbor. Finally, the commission elected new leadership for fiscal year 2027, with Commissioner Nelson as chair and Commissioner Stanowic as vice chair. The meeting also included discussions on strategic planning, tenant permitting processes, and upcoming events like the Harbor and Seafood Festival.