Fall 2008 Update 
In this issue
City, County Join Forces in Auto Tax Sharing Agreement
River District Getting New Lease on Life
Governor Signs Bill that Helps Waterfront Project

Business Spotlight: Rail Bridge Cellars in the River District

Rail Bridge Barrels
Once an auto body shop establishment, the Rail Bridge Cellars - located on 16th Street in the River District - is the second urban winery in the city of Sacramento.  
The combination of the large and open garages, brick wall insulation, and good accessibility, makes the existing commercial building an ideal location. More impressive is that the wine making process is done in this Sacramento location. 
For more information on River District businesses, visit the River District Web site.  

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Critical Milestone Reached on K Street
A new chapter begins for downtown Sacramento, following the finalization of an agreement that brought nine properties on the 700 and 800 blocks of K Street under Redevelopment Agency ownership.
The city will move forward with negotiations to develop the 800 block with Bob Leech, developer of the Le Rivage riverfront hotel. Plans for the 700 block continue, which includes a retail development project with Z Gallerie owner Joe Zieden. Meanwhile, an unsafe and dilapidated building on the 800 block was torn down, and fencing complete with graphics and pictures will follow to secure the site. 
This landmark settlement comes at a time when other investment projects are occurring on K Street, including the upcoming face lift of the Downtown Plaza, the opening of the Cosmopolitan Cabaret - a renovation of the once known Woolworth's building, and the restoration of former Cal West building into the Citizen Hotel.
City, County Join Forces in Auto Tax Sharing Agreement
With unanimous votes from both the City Council and the County Board of Supervisors, the two jurisdictions have pooled efforts and to share in net new auto sales tax revenue.  The agreement will help to stabilize and expand existing dealerships, and effectively compete together for new auto dealerships within the region. 
With the sales and service of new automobiles providing a significant economic stimulus within the City and the County, this economic partnership's purpose is to help auto dealers operate and thrive in a time of significant consolidation and change in the industry. 
River District Getting New Lease on Life
The River District Redevelopment Area, covering more than 1,000 acres adjacent to the central city, is getting a new lease on life.  Over the next several years, major redevelopment will occur that will forever transform the once heavy industrial area into a vibrant waterfront community.   
In addition to the changes that will come with the Township 9 mixed use development project, the City of Sacramento is undergoing a rehaul of the area's specific plan -- which is a planning and guiding document that determines how the area will develop in the future.   
Future uses identified in the plan will include residential, commerical, industrial, public and open space.  The plan envisions a River District with more connections to the rivers, improved circulation, additional parks, and a bike-friendly, transit oriented district.  
Want more information on the specific plan? Click here
Governor Signs Bill that Helps Waterfront Project
An important bill was signed by Governor Arnold Schwarzenegger mid-September that will allow the City of Sacramento to purchase state parks land located in Old Sacramento State Historic Park.  Assembly Bill 2026 enables the city to acquire about two acres of land that is located in the Docks development area. Acquiring this land will help the city to continue efforts to revitalize the Sacramento waterfront from an underutilized and blighted industrial area into a vibrant 30-acre infill project.  
The vision for the Docks area is to develop it into a new mixed use neighborhood, creating 1,155 new residential units, generating more than 1825 new jobs, and producing $10 million in annual taxes. 
Up next for the waterfront will be the construction of the first phase of the promenade - a bike and pedestrian friendly path and park adjacent to the Docks area - beginning in February 2009.  

For more on this water front development project, visit the Docks area project Web site for more information.