The icy retail climate along the Highway 50 corridor east of Sacramento is slowly beginning to thaw, but an overabundance of standing inventory remains.
The number of distressed properties on the market in the Capital Region is finally shrinking. And, the so-called shadow inventory — properties that are not yet on the market but which are seriously delinquent, in the foreclosure process or foreclosed — is also declining.
Developers looking to build in the Capital Region are finding cash in emerging green-financing products.
Immediately south and southeast of Elk Grove are thousands of acres of mostly undeveloped farmland that officials think the city will someday need. The plan is to add nearly 8,000 acres — about 29 percent of Elk Grove’s current size — to its fold. But critics say Elk Grove has plenty of unused land within its borders, and California is losing farmland fast.
Life often has been unkind to economic development directors since California put its redevelopment agencies out of business last year. Randy Starbuck tells it first hand.
High-speed trains linking Northern and Southern California have been a point of contention for more than a decade. For some, such “bullet trains” are the ideal solution to growing transportation needs; for others, they represent a boondoggle with enormous economic risk.
A town long known for its quaint historic authenticity, Truckee in the past five years has evolved from a sleepy hamlet to a city with the promise of vibrancy.
Roseville may be contemplating — again — plans to build a long-coveted conference center. The city has for years touted the benefits of a civic center, but such projects are notorious for their inability to bring in hefty, consistent revenue, and plenty of people are wondering if the right time for such a gamble is now.
In the Capital Region, it’s up to each county to reel in recovery by marketing to businesses that stimulate economic growth.
Jeff Michael, 42, is the director of the Business Forecasting Center at the University of the Pacific.