No part of the region has been immune to the retail woes that come with a lagging economy, but the Highway 50 corridor — Rancho Cordova, Folsom and El Dorado Hills — entered the slowdown crippled by its own geography.
City planners and private developers in Sacramento envision a downtown shopping and entertainment hub pulsing with revenue and pedestrians. The mind’s eye replaces vagrants with decorative park benches and rundown storefronts with shiny new facades. And rather than dispersing at sundown, restaurant patrons and theatergoers would linger into the wee hours.
The question of value is crucial in business, whether it’s how much you should pay to acquire a competitor, the fair price for that new piece of equipment or how big a share of your company you can pass along to your heirs.
It might be hard to imagine, but Sacramento will start building thousands of houses and condominiums again — some day.
For many environmentalists and residents of the Sacramento-San Joaquin Delta, the solution to California’s water supply sounds brilliant in its simplicity: Use less than we do now, particularly in areas of the state that have precious little of their own to begin with, thereby eliminating the need for spending billions of dollars on new water storage. But don’t try selling that idea to the bulk of California’s most powerful water stakeholders, many of whom contend that all the low-flow toilets and drip irrigation systems in the world won’t mean much without more dams and reservoirs to capture water during wet years and reap the benefits in dry times.
California’s water supply largely depends on the capacity of dams, reservoirs and pipelines built in the past century. These days, however, water utilities are increasingly using conservation and efficiency measures to manage supplies.
Red Hawk Casino opened in December, just weeks after economic woes sent the stock market plunging. The launch of the new venue just off Highway 50 coincided with a sharp drop in gross gaming revenue at Nevada’s Lake Tahoe casinos, and California casinos also felt the sting as gamblers gave Red Hawk a try.
Newspapers across the nation have been in a painful freefall for the past couple of years, cutting budgets, pages and staff nearly as quickly as they can relay information. The culprit, of course, is a lackluster economy that has severely hindered advertising revenue piggybacked on a readership that’s demanding free content in new mediums. So it comes with a few raised eyebrows to find Winters Express, a small weekly, still plodding along.
On paper it looks like the Capital Region has the makings of a world-class clean-tech hub: access to policy makers at the Capitol, access to innovative research churning out of UC Davis, and housing that’s affordable for green-collar workers. What this equation doesn’t account for, however, is how fast California is losing its competitive edge to other states and the global economy.
More than four decades after it was proposed, the Auburn dam still draws conflicting opinions about why it was doomed.