The owner of a downtown Bolinas property that has sat derelict for five years has sharply reduced the asking price, bringing renewed hope to residents who long to see the once-thriving community hub enjoy a renaissance.
The property, known as the Waterhouse complex after one of its two side-by-side buildings, houses a liquor store and the town’s shuttered post office. Gregg Welsh, the retired Santa Barbara dentist who owns the property, put it on the…