At the request of John over at Uneasy Rhetoric, here is some info on The Docks project on the Sacramento River.
The developers have been choose for this venture, KSWM Docks Partners, LLC, which includes Kenwood Investments. They are the same group of people that redid the Ferry Building in SF and are redeveloping Treasure Island as well.
There is some good info on the city economic development website for this project
The Docks Area Project
I can't imagine this is an easy one to get done. Considering it's on the river, I think there dozens of state and federal agencies that need to be worked through in order to get approvals and everything in order for it to happen.
Such is the norm in Sacramento anyway...