According to an article by Julia Scott, the Quarry has been sold to an "unidentified affiliate of Ambit Funding LLC", the
Update: As of July 1, 2009, Peebles Corp. has defaulted on its 2008 property taxes. A search for one of the quarry parcels now includes the the notation:
One of the constants in the Peebles Corp's ownership of the Quarry property is the way the company's public statements constantly change. Another example of this recently appeared in the news.
A June 17, 2009 article by Julia Scott titled "Economy making it difficult to sell Pacifica quarry", quotes Peebles Corp Vice President Daniel Grimm:
According to a recent San Mateo Times article (or this article from the San Francisco Business Times), the Peebles Corporation has put the Quarry property up for sale. This wasn't very surprising, since according to R. Donahue Peebles' book The Peebles Principles, the company's loan is due:
Pacifica Riptide posted some choice quotes from "The Peebles Principles", R. Donahue Peebles' recently-published book.
Pacifica Riptide, the hot place to get information about activities in Pacifica, has a story about an invitation-only event with representatives of Peebles Corp to provide a progress update on the Quarry development project.
Mr. Peebles says that he had to post "No Trespassing" signs on the Quarry property to limit is potential liability. According to the Pacifica Tribune:
Special thanks to all the dedicated volunteers (like the one pictured above) who worked so hard on this campaign!
Nancy Hall and Lee Parvin of the Curios wrote this song about Measure L and how charismatic Miami high-rise developer R. Donahue Peebles has attempted to sell it to Pacifica.
You've seen the signs and TV ads that promise $17 million in new tax revenue for Pacifica. It's always been a case of "If it seems too good to be true...," but until recently it wasn't possible to analyze where that number came from and see how believable it is. Now that Peebles has finally released an economic analysis, we can see that this number is 100% fantasy.