UPDATE (9:30 p.m.): San Luis Obispo Police are investigating reports of a stabbing that sent one person the hospital.
Authorities say the incident between two middle-aged, male transients took place near the bus stop at Broad Street and Capitolio Way.
SLO PD says one person was transported to the hospital and is expected to survive multiple stab wounds.
The other person has been arrested and is currently in the San Luis Obispo County Jail.
Police say this incident is still under investigation.
ORIGINAL STORY: The San Luis Obispo Police Department is investigating reports of a stabbing that took place in San Luis Obispo Saturday afternoon.
Officers said the incident occurred near the bus stop at Broad Street and Capitolio Way in San Luis Obispo. The scene remains active at this time, according to police.
Authorities have yet to provide further information about what led up to the stabbing, how many people were involved and the status of the victim(s).
This story is developing. Please check back later as more information becomes available.