Most locals have a love/hate relationship with the power plant smoke stacks, built in the 1950's, that take over the skyline of Morro Bay. The "Gibraltar of the Pacific", Morro Rock, sits in majesty and the stacks look like the "three stooges". They stick out like a sore thumb, but still they have been part of the local history and the first thing you spot that says "Morro Bay" from Hwy 1.
The annual Avocado & Margarita Festival, which is held on the lovely harbor in late September, is a nice festival if you really like mexican food and some great Avacodo dip. There is beer and wine served as well, along with typical booths of artwork and some pretty good live bands. A cool event to go to if you want to meet and greet the locals instead of your basic tourists.