Sacramento: 301 Capitol Mall: A New Plan for The Towers Site

[vicinsac]

The ceo of Best Buy and Tony Saca (johns fater) have a close relationship. They are all working together to work on this project and get calpers out of the deal. I see there a lot of motivation and effort on Saca's part to go forward with the project.

Also, Jo Mohamed, a Sacramento investor, purchased the noted that secures the loan for the lot the Towers are getting built on. He purchased the note from First Bank and Trust right before the loan was defaulted on. Why would he purchase the note??? Also, Jo Mohamed is a close and long time friend of the Saca family. So connect the dots, and make your conclusions.


I am extremely anxious to see how this drama is going to play out and I am also a buyer like some of you here. Hopefully some issues are going to be worked out in the upcoming weeks.