This one won't be easy...
CalPERS Board Not Fully In Agreement On 301 Capitol Mall Project
www.capradio.org/122429
Some internal disagreement at CalPERS about a high-rise the agency is proposing to build along downtown Sacramento's Capitol Mall may be stalling the project. The Wall Street Journal is reporting three CalPERS board members voted against the proposed 40-story tower in a board meeting, citing a study that the return on investment would be too low. CalPERS owns the property. Rodd says the project's future is still unclear.
"CalPERS has not offered any updates on their plans, and the project’s developer, CIM Group, said they are focusing on developing updated drawings and securing lease agreements," says Rodd. "Official plans for the tower have not been filed with the city, and the project does not appear to have secured a major tenant, which would likely be required for financing."
The proposed building would be the region’s tallest, with apartments and office space. CalPERS is the state agency that handles pension and health benefits for more than 1.5 million public employees.