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  • Updated

COVID-19 has left an indelible impression on the world at large and certainly Coronado has not been spared economically or culturally. Last week two of the city’s iconic events, the Fourth of July Parade and all that day’s attendant events were cancelled. The following day Concerts in the Park was cancelled, with a glimmer of hope existing that a concert or two could be held.

Concerts President Cathy Brown provided her thoughts on what would have been the 50th Anniversary of Concerts in the Park. “The best we can hope for is maybe, and this is a big maybe, the last week of August and/or Labor Day Sunday, Sept. 6. These dates are based on the schools being back in session and we get the okay from the City. Also, only Coronado local bands would play those dates. Of course, if anything changes, and we’re allowed to have the concerts, the Board can make it happen very quickly. We will celebrate our 50th Anniversary next year in 2021. I can’t wait to see you all again, dancing at the Concerts.”

  • Updated

The City Council approved a lifeline business loan program at its Tuesday, April 21, meeting that will portion out $2 million in City funds in no-interest potentially forgivable loans of up to $15,000 each to eligible stores, lodging and restaurants.

Council members said they want the program implemented as soon as possible to help the City’s local businesses that have been forced to close or vastly reduce their operations due to the coronavirus pandemic.

A resolution with the terms of the program was adopted and outlines how the program will work. The City will reserve $2 million in General Funds for the loans and enter into an agreement with Cal Private Bank, with an office in Coronado, to assist with the loan administration and marketing.

Cal Private Bank is partnering with the City to facilitate a process by which loans can be made quickly to qualified businesses. To provide quick and efficient loan processing, the City will be providing an online application and will be qualifying the businesses “in house.”

The loan terms for three tiers of Coronado businesses are $15,000 for each