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Sacramento Housing & Redevelopment Agency to Puchase Properties on K Street!!!

So I am watching the 10:00 evening news, and KCRA 3 is reporting that the Sacramento City Council and property owner Mo Mohanna agreed in a closed session tonight to sell Mohanna's properties on the 700 & 800 blocks of K Street to the Sacramento Housing & Redevelopment Agency! A few months ago, the City of Sacramento started eminent domain action to take posession of this property. This action averts the eminent domain. The agreed upon sales price is apparently $18.6M. I have heard two presentations by the Downtown Sacramento Partnership regarding development plans for this area...this is very cool. I look forward to the improvements to this part of Downtown Sacramento!!! View Larger Map
Posted Wednesday Oct 08
( 10/09/08 12:38AM ) — Paula Swayne, Realtor Older Classic Homes Specialist

Hi Erin!
I was excited about this too...I heard such stores as Crate and Barrel are going in at those sites! It might finally be the thing to turn downtown around...at least I sure hope so!

( 10/10/08 12:05PM ) — Myrl Jeffcoat

When the news broke about this happening, I began to get excited for the area.  I know it has been a long haul trying to turn downtown around.


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