SANTA BARBARA, Calif. (KEYT)The Paseo Nuevo redevelopment project got the green light at the Santa Barbara City Council meeting where yes votes light up in green.
The city council authorized the city administrator and attorney to move forward with escrow.
The plan calls for turning the former Nordstrom into rental housing and the old Macy's into corporate offices for Yardi.
Yardi is a property management company.
Santa Barbara City Councilmembers said they believe it will bring jobs and homes including moderate income units to the downtown area.
For more information about the project visit santabarbaraca.gov
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