Friday, July 09, 2010

Ad Hoc Committee Chooses K Street Developer

A city staff report released Thursday afternoon says the ad hoc committee led by Sacramento Mayor Kevin Johnson is backing the developers of the Citizen Hotel to redevelop the 700 and 800 blocks of K Street Mall with a huge public market as the centerpiece.

According the Sacramento Press, the committee, made up of four City Council members - Steve Cohn, Rob Fong, Ray Tretheway and Johnson recommending that the Sacramento Alliance Team led by Rubicon Partners, St. Anton Partners and Preferred Capital Advisors be given the project to revamp city-owned property on those blocks, according to a city staff report.

The City Council is set to vote on the matter this Tuesday.

Last month, a special committee set up by the city recommended two other teams to handle the redevelopment. The Downtown Sacramento Partnership endorsed those selections. Since then, intense lobbying and social media network tools have been used by teams vying for the work.

This is great news and I hope the City Council also votes in favor of the Alliance team. Please let them know if you haven’t already by clicking here and sending them some words of support, does Sacramento want to settle for reasonable or go for what is achievable?

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