Sacramento's vision for a riverfront development of 1,000 residences, offices and stores just south of Old Sacramento goes to the City Council tonight for approval.Even if the council votes to move forward, construction on the 29-acre Docks project may still be years off, given the complicated, difficult nature of such urban developments and the dismal real estate economy. But city officials say tonight's vote is part of a strategy to have a next generation of downtown projects ready when the capital's real estate market turns positive.
Already, a $4.5-million riverfront promenade extension from O Street to the development site's northern R Street boundary is under construction and scheduled to be completed in February. The city owns most of the land, although the state and PG&E also own parts. (Story Continued...)
Sacramento riverfront project faces key council vote today - Sacramento Business, Housing Market News | Sacramento Bee
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