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K Street. The very mention of this once-thriving street-turned-derelict-pedestrian mall sends people who’ve watched downtown’s progress, or lack thereof, into fits. Everyone has an opinion, an accusation, a conspiracy theory or a pet peeve about it. And everyone has got a cure-all, that one big project that will change EVERYTHING. Tuesday night, the City Council will meet to vote on which of the two teams of developers proposing projects for the 700 and 800 blocks of K Street should be given an exclusive right to negotiate. This is a big deal, with tens of millions of dollars in one case, or, in the other case, hundreds of millions of dollars involved. More important, it is a test of wh
An ad hoc committee led by Sacramento Mayor Kevin Johnson is backing the developers of the Citizen Hotel to redevelop the 700 and 800 blocks of K Street Mall with a huge public market as the centerpiece. The committee, made up of four City Council members - Steve Cohn, Rob Fong, Ray Tretheway and Johnson - is recommending that the Sacramento Alliance Team led by Rubicon Partners, St. Anton Partners and Preferred Capital Advisors be given the project to revamp city-owned property on those blocks, according to a city staff report released Thursday afternoon. The City Council is set to vote on the matter Tuesday. Last month, a special committee set up by the city recommended two other team