Characterizing it as the “once pulsating heart of Sacramento,” Mayor Darrell Steinberg laid out tentative plans Thursday night to renovate Old Sacramento. “This has become a tired part of town that needs a reboot,” he said at a press conference along the waterfront embarcadero, while flanked by renderings and designs[…]Read more! Click here!
A Granite Bay developer wants to built a 120-room extended-stay hotel on the former Coca-Cola Co. bottling plant property on Stockton Boulevard in Sacramento, to serve UC Davis Medical Center across the street. http://feeds.bizjournals.com/~r/bizj_sacramento/~3/jSuRdFtXq5I/coca-cola-bottling-plant-proposed-as-hotel.htmlRead more! Click here!
The Joint Center for Political and Economic Studies reported that between 2003 and 2006 the direct and indirect cost of health inequalities in the United States was $1.24 trillion, resulting in suppressed human potential and loss of productivity that lead to a vast economic burden affecting all Americans. In Sacramento, issues[…]Read more! Click here!
California’s two big state employees’ pension funds will recover damages from Morgan Stanley to settle allegations that the investment bank misled them about the risk of investment products during the financial crisis a decade ago. State Attorney General Xavier Becerra announced a $150 million settlement with Morgan Stanley (NYSE: MS)[…]Read more! Click here!
Aerojet Rocketdyne has warned Sacramento County officials it is laying off 180 workers in Rancho Cordova this spring as the company moves positions to other locations, including Arkansas. http://feeds.bizjournals.com/~r/bizj_sacramento/~3/TPKq_Z9d2BU/aerojet-cutting-180-more-jobs-in-rancho-cordova.htmlRead more! Click here!
Nicholas Haystings, who founded Square Root Academy, which celebrates its third anniversary in May, wants you to know what on earth (and possibly in space) is going on there. He asked me to tell you. The academy, at 2417 21st St. in Sacramento’s low-income Meadowview area, is a nonprofit that teaches underserved[…]Read more! Click here!
Good morning and welcome to Thursday, Sacramento. Our digital editor Sonya Sorich is on vacation so I’m standing in with the 5 things you need to know for today. One thing you may have missed was the Business Journal’s sold-out TechEdge event on Wednesday, produced this year in partnership with[…]Read more! Click here!
While the historic district along the river is a popular tourist destination, it has struggled with an identity crisis and failed to consistently attract locals. http://feeds.bizjournals.com/~r/bizj_sacramento/~3/8QkvFs6Qvag/waterfront-rising-old-sacramento-tries-to.htmlRead more! Click here!
With California gasoline prices spiking over $4 a gallon while the rest of the nation enjoys a far lower price, Gov. Gavin Newsom tasked the California Energy Commission to investigate pricing. In a letter to the commission dated April 22, Newsom said irregularities warrant an investigation. He called for an[…]Read more! Click here!
A bill that could make it easier to gain approval for high-density housing near transit stops cleared another hurdle in the State Legislature Wednesday morning. While similar legislation was defeated last year, the latest incarnation, Senate Bill 50, has now cleared its first two committee hearings. On Wednesday, SB 50[…]Read more! Click here!