Another article about it from the Sacramento Bee, validating the wisdom of putting the arena downtown.
A handful of downtown Sacramento’s most blighted, troublesome properties are suddenly getting attention.
Thanks to a revived economy, the gravitational pull of the new downtown arena, and a City Hall emphasis on creating more downtown housing, developers appear poised to tear down and replace some of Sacramento’s most embarrassing empty buildings, including large sections of key downtown blocks.
A local developer is expected to pull permits to demolish a vacant hotel on J Street near 10th that was gutted by fire in March and is among a row of boarded up buildings – a move that will make room for his dream of building a residential tower overlooking Cesar Chavez Plaza.
The owner of the former Greyhound bus station, for years an empty shell, is in talks with local and national retailers, and rumors are that one might be Raley’s, which announced Thursday it is interested in building a specialty market downtown.
The city itself last week announced it is ready to accept bids from potential buyers for development of blighted properties it owns, including a vacant, fenced-in “hole” on K Street and several boarded-up, derelict buildings nearby on L Street, all along Eighth Street.
Real estate brokers also are aggressively marketing long-shuttered properties on the south side of the 1000 block of J street, saying they expect to interview prospective buyers in the next few weeks.
Mayor Kevin Johnson, the arena project’s lead booster and an advocate for new housing downtown, said it’s all a sign of a downtown on the move.
“We continue to see the transformational project (the arena) spur development downtown,” the mayor said in a written statement. “These amenities will attract more people to work, live and play downtown, which means more jobs and a stronger economy.”
Retrieved July 17, 2015 from http://www.sacbee.com/news/local/article27458260.html