tag:blogger.com,1999:blog-14666781.post1554622066176145004..comments2023-08-24T02:17:49.104-07:00Comments on LivingInUrbanSac: Rubicon’s Financial Strategy for AuthentiCityGAhttp://www.blogger.com/profile/13714870590167707217noreply@blogger.comBlogger8125tag:blogger.com,1999:blog-14666781.post-7791398221083394642010-06-25T17:08:50.418-07:002010-06-25T17:08:50.418-07:00When and where did Rubicon make claims about the s...When and where did Rubicon make claims about the scalability of their proposal? What I have seen so far, both at the public meeting and online, were that this was a package deal in four phases.<br /><br />This is an incomplete picture--it does not accurately account commercial space (the Rubicon proposal in this portion has far less commercial space), just residential, or the type of housing (wburghttps://www.blogger.com/profile/15811402557076044374noreply@blogger.comtag:blogger.com,1999:blog-14666781.post-88325013640811664842010-06-24T11:27:24.896-07:002010-06-24T11:27:24.896-07:00Rubicon has stated many times that their project c...Rubicon has stated many times that their project can be completed with or without the private land sites.<br /><br />The point is – again - one phase of Rubicon’s is the same size and time frame as the committee’s recommendation.<br /><br />This reserves the right for Sacramento to do something special on the other sites. Don’t we deserve more?<br /><br />The point is not just to rush and fill Zwahlen Imageshttps://www.blogger.com/profile/03122038976671611879noreply@blogger.comtag:blogger.com,1999:blog-14666781.post-9674609306090530512010-06-23T21:24:45.356-07:002010-06-23T21:24:45.356-07:00But this project is not just the chunk you're ...But this project is not just the chunk you're talking about--you are deliberately omitting three-quarters of the project, including most of the subsidy and most of the still-undefined costs (like the private lots.) The view presented by the Rubicon proposal, only talking about one part of a larger project, is deceptive and inaccurate.wburghttps://www.blogger.com/profile/15811402557076044374noreply@blogger.comtag:blogger.com,1999:blog-14666781.post-76904754829381645012010-06-23T10:03:31.709-07:002010-06-23T10:03:31.709-07:00½ The land, ½ The subsidy, same size project, same...½ The land, ½ The subsidy, same size project, same time frame as committee recommendation.<br /><br />From what I understand, financing in place, ready to start immediately.<br /><br />Pretty simple math.<br /><br />The only question left is does Sacramento want to settle for reasonable or go for what is achievable?Zwahlen Imageshttps://www.blogger.com/profile/03122038976671611879noreply@blogger.comtag:blogger.com,1999:blog-14666781.post-49545588187426519792010-06-22T22:26:54.670-07:002010-06-22T22:26:54.670-07:00What's so confusing about that is that it is o...What's so confusing about that is that it is one of four phases, in what one assumes is a package deal. The first phase is one with relatively little public subsidy, but the other three make up the difference. The comparison isn't fair because it doesn't include the total financial requirements of the project--including the more expensive portions, like the high-rises, and the parts wburghttps://www.blogger.com/profile/15811402557076044374noreply@blogger.comtag:blogger.com,1999:blog-14666781.post-8733312846741371542010-06-22T14:41:48.726-07:002010-06-22T14:41:48.726-07:00Email sent. I really hope there isn't any fav...Email sent. I really hope there isn't any favoritism going on with the Taylor group.Unknownhttps://www.blogger.com/profile/07912396340464421704noreply@blogger.comtag:blogger.com,1999:blog-14666781.post-83295719497030889142010-06-22T10:03:16.116-07:002010-06-22T10:03:16.116-07:00WBurg,
The math is simple.
With the staff committ...WBurg, <br />The math is simple.<br />With the staff committee's recommendation (on all the Agency Owned Land) you get:<br />256 residential units<br />70,000 sf of retail<br />Completion in 2012/13<br />Requiring a CITY subsidy of $80M (40-land, 20-RDA funds, 20-MOPA)<br />Per unit the subsidy comes to $313,000<br /><br />With Rubicon's proposal (on the 700 Block alone) you get:<br />213Zwahlen Imageshttps://www.blogger.com/profile/03122038976671611879noreply@blogger.comtag:blogger.com,1999:blog-14666781.post-51690542905421906812010-06-21T18:07:09.241-07:002010-06-21T18:07:09.241-07:00So, in other words...slightly less than half of th...So, in other words...slightly less than half of the Rubicon project uses slightly less than half of the $100 million in total public funding requested. If Rubicon has amended their proposal to only include the 700 block, then it isn't an "apples to apples" comparison either, because the recommended proposal covers the city-owned lots on both the 700 and 800 blocks. Although it'swburghttps://www.blogger.com/profile/15811402557076044374noreply@blogger.com