Monday, January 03, 2011
Railyard Update from Inland American
On Tuesday the 4th, the Sacramento City Council will receive their first update as to what Inland American plans to do with the Railyards since Inland took over last fall after foreclosing on Thomas Enterprises. I don't think Inland will propose much beyond finishing up the 5th &7th Street bridges and put off moving foward with the project till market conditions improve. With both retail and office vacancy rates high in the downtown and the
area, I can't envision Inland wanting to build anything while the markets are contracting. I think they will either sell off the land in pieces or build a smaller modified version of what was originally proposed. Talk is cheap, so until something is actually under construction, I would not believe much of what you hear.