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Rick Caruso: “We just went through a project up in Montecito, which is…”

Featuring: Rick Caruso, Founder and Former CEO of Caruso | California

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Rick Caruso Discusses Public and Private Leadership at Stanford Graduate School of Business

Published | Video Starts at 24:45

We don't want people to take advantage of our community. So how do we accomplish that? You actually become such a impediment. We just went through, I'll give you a great example. We just went through a project up in Montecito, which is Santa Barbara, where we wanted to build a smaller retail component, some market rate apartments, along with workforce housing for employees, low income workforce housing for employees. That took two years. It took probably over a dozen meetings, board meetings, public meetings. We ultimately have been approved. I don't know if that was what we needed for that project. (24:45–25:04)

CLAIM

Asserts that a development project in Montecito took two years to get approved.

This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.


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PolitiQuote is a civic library index to statements made by politicians in publicly available video records. The index is created automatically from transcripts, with no editorial oversight or analysis. Highlighted quotes are selected by AI. Words may be added in parentheses to offer context for the quote. There may be errors in the transcription and display, so listen to the video to ensure accuracy.

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