Since filing for bankruptcy last year, Stockton hasn’t seen any immediate improvement. The city ended the year with 71 murders, a steady climb from only 26 in 2009. The rise has been attributed to a shrinking police force after the city slashed the department’s budget.
Among the many risks involved in commercial real estate lending today, energy risk is so poorly understood that lenders simply do not have the tools they need to measure it. This ignorance of energy risk — the likelihood that higher energy costs compromise a building owner’s ability to make their mortgage payments — leads to inflated loans. This is because both efficient and inefficient buildings are judged the same in the eyes of the lender. But UC Berkeley researchers have developed a tool they claim would measure the net benefit of energy savings investments.
After more than a decade of work and a price tag that has grown by 50 percent, representatives for Sutter Medical Center, Sacramento report that the $750 million midtown hospital upgrade is in the final phases and is expected to be finished by mid-2014.
There is nobody more bullish on the City of West Sacramento than Mayor Chris Cabaldon. He says no city in the region can boast of a better location and, perhaps most importantly, a better water supply. With these two key attributes, the mayor believes the west-bank city is well positioned to attract business, jobs and residents for the foreseeable future.
“Something isn’t quite right with Tim Collom. On the outside, Collom is doing far better than most of us. In the past year, he has been featured on KCRA-TV and HGTV speaking about real estate and in the pages of The Sacramento Bee and Sacramento Magazine showcasing his paintings.
As we begin a new year, few of us feel ready to break out party hats and celebrate the state of our economy.
Say what you will about the severity of state and federal budget woes, but it’s arguably the small towns that are bearing the real brunt of today’s economy.
Kipp Blewett, 46, is a principal partner and co-founder of Rubicon Partners Inc. He is also a member of the board of directors for the Downtown Sacramento Partnership.
In one of the first actions designed to help the city of Sacramento move forward next year, the City Council OK’d a proposal concerning where we all stop.
Where Scalehouse Street meets Township Nine Avenue is, for now, a crossroads on 65 acres of dirt between Richards Boulevard and the American River Parkway. In less than a decade, this swath of land — offering striking views of both the downtown Sacramento skyline and one of the city’s beloved rivers — could be home to thousands.
In September 2008, when Lehman Brothers collapsed and the municipal bond market froze, Sacramento International Airport had just begun constructing the biggest capital improvement project in the county’s history.
The air cargo industry has long been a valuable component in the Capitol Region’s economy. But in spite of some rosy growth projections, air freight traffic in the region has been in a steady decline for more than a decade with no sure signs it will return to its former prominence.
Doby Fleeman can feel the ground shifting. He can almost hear the low rumble of engines.
“The steamrollers are on the move,” says Fleeman, manager of the Davis Ace Hardware Co. “It’s like we’re on tectonic plates. There’s a change in the wind.”
Mike Wiley, 59, began his career at the Sacramento Regional Transit District as a service planner in 1978. In 2007, he was named general manager and CEO. He also serves on the executive committee of the California Transit Association.
The ports of West Sacramento and Stockton are betting that a $30 million public investment in new infrastructure will convince local importers and exporters to transfer their method of goods movement to the San Francisco Bay from trucking to barge shipping.
Due to its port connectivity and excess of freight companies, West Sacramento encounters a disproportionate amount of truck traffic.
I remember a time when Sacramento’s Downtown Plaza was a thriving mall, a leader in the city’s retail sales and tax revenues. And, back in the 1970s, its design was up to date: many malls were self-contained, with no connection to surrounding streets.
The day Clark Pacific won the bid to provide the concrete components for the 49ers’ new football stadium in Santa Clara was a day for much celebration. It was a $20 million award. It meant new jobs. It meant an economic boost for the region.
As Bay Area businesses begin to regain their financial footing, the city of Tracy is aiming to capitalize on a growing need for industrial space in an accessible, affordable zip code.
There are roads that the director of San Joaquin County’s transportation-planning agency forbids his teenage daughter from driving on.