Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Sacramento seeking to file eminent domain suit [against CalPERS/U.S.Bank] for arena property
Sacramento Bee ^ | January 3, 2014 | Ryan Lillis and Tony Bizjak

Posted on 01/03/2014 6:02:08 AM PST by Cincinatus' Wife

After negotiations over the property stalled without a deal, the city of Sacramento is preparing to push ahead with an eminent domain lawsuit to seize control of the former Macy’s men’s clothing and furniture store at Downtown Plaza, a vital parcel in the plan for a new sports arena.

[snip]

The parcel is owned by CalPERS, the state’s public employee pension fund, and U.S. Bank holds a ground lease on the property, according to a city staff report. C-III, a Texas-based asset management firm, is negotiating on behalf of U.S. Bank, city officials said.

[SNIP]

(Excerpt) Read more at sacbee.com ...


TOPICS: Business/Economy; Crime/Corruption; Extended News; Government
KEYWORDS: eminentdomain; union

1 posted on 01/03/2014 6:02:09 AM PST by Cincinatus' Wife
[ Post Reply | Private Reply | View Replies]

To: Cincinatus' Wife

When liberals collide.


2 posted on 01/03/2014 6:12:25 AM PST by Hugin
[ Post Reply | Private Reply | To 1 | View Replies]

To: Cincinatus' Wife

Sacramento has a Marxist mayor that wanted to take foreclosed homes via eminent domain. Kalifornia kutups acting out again.


3 posted on 01/03/2014 6:12:57 AM PST by meatloaf (Impeach Obama. That's my New Year's resolution.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Cincinatus' Wife

Polkiticians are so good at property management!!

Cincinnati ,Ohio City Councils have spent 30 years using eminent domain to shut down the existing local successful shops in downtown ,and tens of millions replacing them with “upscale” business that closed after a few years ,a museum to slavery that must be subsidized by several million$$$ annually, a couple ballparks that raised taxes and still need millions$$$ more, and now...a stupid super-expensive streetcat from and to nowhere!

Politicians and artsy planners act as though money doesn’t matter.


4 posted on 01/03/2014 6:13:52 AM PST by hoosierham (Freedom isn't free)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Cincinatus' Wife

Get the popcorn —


5 posted on 01/03/2014 6:16:46 AM PST by Uncle Chip
[ Post Reply | Private Reply | To 1 | View Replies]

To: hoosierham

They are not acting, they just want everyone to believe they are.

I heard about that stupid streetcar thing from my son. Maybe they can name it the same as the public did to the useless “Riderless Express” they built in Jacksonville.


6 posted on 01/03/2014 6:18:55 AM PST by mazda77
[ Post Reply | Private Reply | To 4 | View Replies]

To: hoosierham
and now...a stupid super-expensive streetcat from and to nowhere!

A caller to WKRC suggested that on the inaugural run, the first streetcar be packed full of money and run into the river to symbolize the waste of the project.

7 posted on 01/03/2014 6:45:19 AM PST by KarlInOhio (Everyone get online for Obamacare on 10/1. Overload the system and crash it hard!)
[ Post Reply | Private Reply | To 4 | View Replies]

To: Cincinatus' Wife

IN this case the mall is dying - in an area that you don’t want to be in after dark, poor accessability and nearly 2/3 of the shops empty. Bigger and better shopping in the suburbs.


8 posted on 01/03/2014 6:56:49 AM PST by Godzilla (3/7/77)
[ Post Reply | Private Reply | To 1 | View Replies]

To: meatloaf

actually it’s the vice mayor, Angelique Ashby, who is championing the foreclosed homes - eminent domain idea. The mayor is Kevin Johnson (former NBA star). He is a democrat, but a very conservative one. He is very pro business and socially conservative. He is very pragmatic and very anti status quo.


9 posted on 01/03/2014 10:05:49 AM PST by cantbetooconservative (I miss Ronald Reagan)
[ Post Reply | Private Reply | To 3 | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson