The comedy still running, from “the city that gets thing done”, and the possibilities at the rail yard will so far outweigh this in complexity and struggle that we can hopefully expect results….when?
K Street land deal hits legal setback
Sacramento is unlikely to succeed in bid to force developer to swap property, judge finds.
By Terri Hardy - Bee Staff Writer
Published 12:00 am PDT Thursday, August 16, 2007
A judge's ruling Wednesday dealt a major blow to development of two critical blocks on the K Street mall in downtown Sacramento, setting the stage for a potentially lengthy legal battle or an eminent domain fight.
Sacramento Superior Court Judge Loren McMaster found that the city wasn't likely to prevail in a lawsuit to force a development team headed by property owner Moe Mohanna to go through with an agreed-upon land swap.
The city wanted the exchange so that a development team fronted by Joe Zeiden, owner of the Z Gallerie furniture retail chain, could revamp the historic buildings in the 700 block of K Street and install them with well-known retailers.
The exchange would have paved the way for Mohanna's team to transform the street's 800 block with condos and retail.
