by Richard J. Riehl on January 16, 2009
Those of us of a certain age may remember “Geraldine,” the late comedian Flip Wilson’s alter ego, who loved to say, “The devil made me do it!” when she did something wrong.
I thought of her when I read about how Barratt American’s president, Michael Pattinson, explained why his Carlsbad-based homebuilding company went bankrupt last month. According to Pattinson, his bank was the devil that made him do it, canceling his line of credit and seizing control of all his North County projects.
“What upsets me is that a company that I was loyal to was not loyal to me,” Pattinson sniffed. “But we’re big boys. We know what goes on in this world, and what goes around comes around. I’ve got my boxing gloves on, and I’m up for the fight. I’ve lost Round One, but there’s 14 more rounds to go.”
Pattinson’s pugnacious vow to rebuild his empire, without remorse over the $10.9 million he owes his 11 creditors in San Diego and Riverside counties, is astonishing.
[click to continue…]
by The Editors on January 8, 2009
In a letter to Aptera car fans, Carlsbadistan’s only car company has apologized for not getting cars out on schedule and promises to have them rolling by October 2009, according to a story on the blog Gas2.org:
Our most recent corporate commitment was that we would deliver the first production Typ-1, now known as the 2e, by the close of 2008. Despite our well-intentioned efforts, we were unable to complete that vehicle before the close of the year, so it’s now slated for January 16. However, unlike prior plans, this vehicle will not be delivered to a retail customer. We will continue our builds but at a much slower rate starting with a small test fleet of the enhanced vehicles, then moving to our volume production launch on October 1, 2009.”
The all-electric cars will be priced in the “mid $20k to $40k” range depending on options. We can hardly wait.
[Link: Gas2.org]
by The Editors on January 6, 2009
We received reports today that the Carlsbadistan-based action sports footwear and clothing company Reef dropped the axe on 42 employees as the savage retail economy continues to take its toll. Reef is one of 25 brands owned by VF Corp. Some of the company’s other brands include Vans, The North Face, 7 For All Mankind, Eastpack, Jansport, Wrangler, and Eagle Creek.
In a late December 2008 interview with TransWorld Business VF Corp’s President Americas Coalition Dave Gatto said:
We all know there can be a huge up-swing when the market recovers; it’s just a matter of adjusting the business responsibly to survive the lulls and hopefully emerge a stronger, more efficient brand.
Looks like Mr. Gatto just “adjusted” the Reef business to survive this lull. Hopefully, that was enough.
by The Editors on January 5, 2009
There is nothing worse that getting lost on the golf course. And now, Callaway has the solution for when it happens. According to a story in San Diego Business Journal Callaway has just purchased Carlsbadistan-based UPlay for an undisclosed sum.
UPlay makes a consumer electronic device that uses GPS technology as well as aerial and satellite photography to give golfers a bird’s-eye view of the course they are playing. The device also provides distance information. The deal closed Dec. 31. Callaway said it would not materially affect 2009 financial results.
We’d like to say we invented this technology 12 years ago over drinks in Newport Beach, but obviously, we did nothing with the idea.
[Link: San Diego Business Journal]
by The Editors on January 1, 2009
Legoland is kicking off the new year with a new General Manager.
The Resort today announced that long-time President and General Manager, John Jakobsen has left California to focus on the development of new LEGOLAND Parks and other corporate projects. Peter Ronchetti (pictured right) who has been the General Manager of Thorpe Park (one of the largest parks within the Merlin Entertainments Group) for more than six years, will step in as General Manager as of today.
Ronchetti is more well-know in the skate world as 15-year-old vert skater Paul-Luc Ronchetti’s dad. The younger Ronchetti won the UK National Skateboard Championship in Vert last September.
Wonder whose career is guiding this family re-location? Follow the link for all the details.
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by The Editors on December 31, 2008
Former Carlsbad City Council candidate Thomas K. Arnold weighs in on The Lossings-At-Carlsbad in today’s North County TImes.
Most sensible minds now agree that the golf course never should have been built. While it is true that taxpayers initially voted in favor of building a new municipal golf course in 1990, in light of all the delays and cost overruns, the matter really should have been brought back up to a public vote before construction actually commenced. . . . But that’s all water under the proverbial bridge, and the question now is what to do with this white elephant as it continues to bleed red ink.
Click the link for the rest of Thomas’ ideas.
[Link: North County Times]
by The Editors on December 30, 2008
According to a Barbara Henry story in the North County Times “staff members with the state Energy Commission” are holding two workshops to go over their report on NRG Energy Inc.’s plans to put in another power plant in our lagoon.
The first workshop session is set for 10 a.m. to 7 p.m. Jan. 7. The second is set for 11 a.m. to 5 p.m. Jan. 8. Both will be at the recently opened Sheraton Carlsbad, 5480 Grand Pacific Drive. . . . The Jan. 7 session covers air, water and soil issues among other topics. The Jan. 8 session includes visual issues and traffic concerns, Della said. . . .Officials with the city of Carlsbad, which has opposed the plans, are encouraging people to come between 6 and 7 p.m. Jan. 7 to talk about air quality and visual blight issues, said Joe Garuba, a city employee who is coordinating the city’s response to the project.
We can’t think of anything more boring, but NRG really shouldn’t be able to turn our lagoon into an industrial wasteland without someone at least complaining a little (even if it doesn’t do any good). So please, someone, go complain.
[Link: North County Times]
by The Editors on December 27, 2008
Bank of America says that Barratt American, the Carlsbad-based home builder, owes $79 million and it owes it’s to 20 unsecured creditors more than $21 million. That’s why, according to a story in the San Diego Union-Tribune, the company filed for Chapter 11 protection on Christmas eve.
The company has drastically scaled back operations in the past several months, slashing staff from about 140 employees to about 15. Company President Michael “Mick” Pattinson has been talking openly for a month about the possibility of bankruptcy as the company’s troubles mounted. . . . Pattinson said Barratt will continue to build custom homes and replacement homes for victims of last year’s wildfires while in bankruptcy. The company hopes to reorganize with the aim of starting new home construction again in 2010.
For the whole sad story read the rest of the article.
[Link: San Diego Union-Tribune]
by The Editors on December 24, 2008
A while ago we mentioned the ridiculous lengths to which Westfield (the Australia-based owners Carlsbadistan’s Plaza Camino Real) would go to stop the construction of a competitor’s mall in Oceanside.
Now, they’ve gone even farther. Westfield is suing the City of Oceanside (22-pages long) claiming that the City Council did not properly review the environmental impacts of developer Thomas Enterprises‘ planned Pavillion mall on Highway 76, according to a story in the North County Times.
[Westfield] says its tenants, patrons and employees could be affected if the Pavilion alters air quality, noise or traffic. . . . The lawsuit claims that Oceanside made numerous errors in its analysis of the project, such as underestimating its possibly harmful effects on traffic, air quality, noise, water quality and air traffic. The city also should have required the developer to build a multimillion-dollar extension of Pala Road, from Foussat Road to Los Arbolitos Boulevard, the lawsuit states.
Isn’t it nice that Westfield is so interested in the environmental health of their shoppers and not at all interested in upgrading their own mall to attract quality retailers?
[Link: North County Times]
by The Editors on December 23, 2008
We’ve been a little rough on the Carlsbad Convention and Visitors’ Bureau over the past couple years, but it looks like we haven’t been too far off, according to a story in the North County Times.
No one really knows what a “convention and visitors’ bureau” does and the one in Carlsbad doesn’t even organize conventions even though that word is part of its name, Nayudu said. The new name in all likelihood will be the one the bureau already uses on its Web site —- visitCarlsbad.com —- she said.
Now that executive director Kurt Burkhart is gone the organization has the chance to reinvent itself, with the help of a six-month $350,000 contract with the Irvine, California based consulting company MindGruve.
$350,000 for six months? We are definitely in the wrong business. . .
[Link: North County Times]
Those of us of a certain age may remember “Geraldine,” the late comedian Flip Wilson’s alter ego, who loved to say, “The devil made me do it!” when she did something wrong.
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