Sacramento Business Journal
November 19, 2008
The California Pollution Control Financing Authority approved $53.8 million in grants and loans to clean up polluted sites in 11 counties, including a $9.8 million in grants for redevelopment projects in Sacramento.
S. Thomas Enterprises of Sacramento LLC plans a 12,000-unit residential and commercial complex at the 240-yard railyards site, formerly home to Southern Pacific Railroad. Thomas Enterprises received $5 million of the $14.75 million it requested from the financing authority.
Petrovich Development LLC received a $4 million grant to clean up the railyards site near Sacramento City College and build the Curtis Park Village residential and commercial development.
Capital Station 65 LLC wants to build a mixed-use development with 752 housing units and 42,000 square foot of retail space at Township 9 on Richards Boulevard. The company received $550,000 for the project.
The Sacramento Housing and Redevelopment Agency received a $218,150 grant for La Valentina, a 64-unit project planned in the Alkali Flats neighborhood.The money came from Proposition 1C, the $2.85 billion housing bond measure approved by voters in 2006.