Quote:
Originally Posted by kamehameha
Next year 2012 the Sacramento region will be experiencing a mini building boom. The
16th/O street twin aprartment complex by CADA, the midrise 7th/H affordable housing complex, the 700 block K street residential and entertainment project, The powerhouse science museum along Richards Blvd, West Sac's 6 story 78 unit Bridge Housing complex and the Marriott Hotel, The mid rise Sutter expansion and the new Kings Arena will all be under construction. Major construction projects on both sides of the river for the coming year. I'm not even including the upcoming residential buildings in Township 9 that will break ground sometimes in 2012 and the 800 block of K street. An unprecedented building boom of this magnitude that we have never seen before in Metro Sacramento
Just be patient guys, we will have a dense urban sacramento in a few years.
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For those of you who think and believe this nutty hype, get real! Sacramento's a city
where nearly all projects need subsidies by either the State or City to become
viable, and those days of handouts are coming to an end.
California court says state can kill redevelopment agencies
http://www.reuters.com/article/2011/...7BS0XF20111229
Dec 29, 2011 3:45pm EST
SAN FRANCISCO (Reuters) - In a major victory for California Governor Jerry Brown, the state supreme court on Thursday upheld a law that would eliminate 400 local redevelopment agencies and could divert billions of dollars to schools and other local services.
The court ruled that the state legislature was within its rights to abolish the agencies, which have long played a major role in local development projects ranging from apartment houses to train stations and sports stadiums. At the same time, the court struck down companion legislation that would have enabled the redevelopment agencies to stay in business if they agreed to pay a big chunk of their revenues to the state.
Local officials vehemently opposed the elimination of the redevelopment agencies, and a group of plaintiffs, including the California Redevelopment Association and the League of California Cities, asked the California Supreme Court to declare both laws unconstitutional.
Redevelopment agencies, widely used around the country, sell bonds to fund local development projects. They pay them off with the increased property tax revenue, or tax increment, that results from the project.
Read more here:
http://www.reuters.com/article/2011/...7BS0XF20111229