Sacramento Starting to Boom

As this story from the Sacramento Bee reports, and a large part of that has been the new and beautiful Sacramento Kings arena downtown; of which our family can proudly claim a connection as it was my visionary cousin, Gregg Lukenbill, who played a major role in bringing the Kings here back in the day.

An excerpt from the Bee story.’

Sacramento is back in a building boom, and City Hall can barely keep up.

In an unusual move, the City Council has scheduled a special meeting Tuesday afternoon to approve two dozen new hires for the city’s community development department and other city agencies to help process building permits and plan reviews. The cost of the new hires – estimated at $2.3 million in the current fiscal year – would be mostly offset by an increase in revenues from new development, according to a city staff report.

With construction citywide heading towards an all-time record, Council members Angelique Ashby of North Natomas and Steve Hansen of the central city have asked city staff to investigate how to speed up the building process. Their districts are home to some of the biggest spikes in new development.

The city estimates there will be more than $1.5 billion worth of new development in the current fiscal year that ends in June. That number would be a record, adjusted for inflation. The city also expects a record number of building permits to be issued this year.

That’s more than triple the amount of construction in the city just three years ago during the later stages of the recession, when the city had just $390 million worth of new development, much of it in downtown, midtown, North Natomas and the Delta Shores area of south Sacramento.

“This confirms what we all know and are feeling in this city – that Sacramento is hot, and there is a lot interest in growing jobs, and building a robust economy,” Mayor Darrell Steinberg said in a recent interview. “It is a signpost and a signal that Sacramento is seen in a different light.”

By adding staff, the city will be equipped to process housing permits more quickly. While housing costs are rapidly increasing in Sacramento, more development will help keep costs from going up even faster and will serve as “a very important tool to reduce homelessness,” according to a city staff report.

Unlike previous building booms that focused largely on single-family housing, the current explosion is spreading out to retail and commercial developments, said city development director Ryan DeVore. He said the city has caught the attention of investors from New York and Los Angeles banks and that he believes the growth is sustainable.

Retrieved December 12, 2017 from http://www.sacbee.com/news/local/news-columns-blogs/city-beat/article189233069.html

About David H Lukenbill

I am a native of Sacramento, as are my wife and daughter. I am a consultant to nonprofit organizations, and have a Bachelor of Science degree in Organizational Behavior and a Master of Public Administration degree, both from the University of San Francisco. We live along the American River with two cats and all the wild critters we can feed. I am the founding president of the American River Parkway Preservation Society and currently serve as the CFO and Senior Policy Director. I also volunteer as the President of The Lampstand Foundation, a nonprofit organization I founded in 2003.
This entry was posted in demographics, Golden I Center. Bookmark the permalink.