Saturday, May 25, 2013
It is refreshing to see advocacy for the least of those and humanitarianism in action. The society, in these difficult times, has a channeled perspective in their quest for success and personal enrichment. As a result, we leave others marginalized. I am not personally acquainted with Mohanna, but his heart seems to be in the right place. A shelter (or even just an overnight facility) seems well-intended, despite the City’s opposition. The City has not done enough anyway to address the homeless situation, so why not have this guy carry the load in caring for less fortunate.
It is easy to place the blame for the city’s misfortune on the guy whose “buildings” are in the heart of this mess, as opposed to the out-of-town/state investors and developers (who end up cashing out within a few years). We can all debate about high-rises and development to boost the City’s reputation and image, but if the homeless situation is not mitigated then it is a hopeless cause.
This article is a bit misleading. Firstly, it was not only $5.7 Million that Taylor and CIM received; they were also handed the building and land for free (after it was condemned). Secondly, they will not get an offer higher than $35 million in the current market. Thereby, Sacramento does not get a penny from the proceeds of the sale.
In addition, I want to point out that there are only 6 tenants not 9, and before that there used to be 7 high quality tenants. Lastly, if Taylor knew that “no one would show up” why would they develop here? SIMPLE; free land and lucrative subsidies. These spell out high returns with very little, if any, capital deployment from their end. These guys do not know the meaning of free enterprise, which ultimately leaves the small, local businessman, developer, entrepreneur out of the picture.
Some affordable housing were created by RDA, but for every dollar that went to affordable housing more than a thousand dollars went to the pockets of RDA's rich friends...enough is enough. The only people to benefit from redevelopment was RDA's favored developers and some corrupt officials, while most got the short end of the stick.
Let our community flourish. Let the free market rule; this is the end to crony capitalism. This is the end to eminent domain and property rights abuse.
This is just what downtown needs. The location is perfect too, being that K St will open to cars tomorrow added to the huge foot traffic in that area.
I've had their cupcakes from their location in Fair Oaks, and I must say it was the best I've ever had so I'm thrilled about this news (although it looks like they won't be serving cupcakes).
I wasn't able to stop by, but does anyone know if the farmer's market was still held at the Cesar Chavez park yesterday, despite the Occupy Cesar Chavez, I mean Occupy Sacramento was going at the park?
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