Sacramento railyard's new owner wants to get project moving soon - Sacramento Business, Housing Market News | Sacramento Bee
A week after dramatically taking ownership of Sacramento's railyard, an Illinois real estate firm has set up shop in a downtown high-rise with two immediate goals.
Representatives of Inland American Real Estate Trust Inc. say they want to calm nerves in the capital city after a summer of uncertainty over the fate of the railyard, and to take quick steps to get the redevelopment project back on track.
That includes working with the state to issue paychecks to railyard contractors who have done roadwork for several months without compensation. The state withheld grant funding as the site's future drifted in limbo.
In a brief statement issued Friday, Inland also indicated that it is willing to listen to any development suggestions – including an arena – that could make sense for the site.
Read more: http://www.sacbee.com/2010/11/01/3148216/sacramento-railyards-new-owner.html#ixzz143CPB8DN
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