Business Journal: WIll Sacramento Rail Yard Plans Become Reality?


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(Sacramento,CA)
Tuesday, July 19, 2005

Attempts to redevelop the two hundred acre site have yet to become reality. But the proposal laid out last month by Millennia Sacramento has promise to actually happen.

Stan Thomas, a deep-pockets Georgia developer, is involved. Of late, he’s taken on ambitious projects with challenges similar to the toxic waste woes of the railyard. The plan is loaded with housing, which would tap into hot demand,  make some city officials happy, and keep so-called smart growth planners content.

But toxic cleanup of the site could be messy. Meanwhile, developers are keeping quiet on their specific retail plans, putting off a fight that killed an earlier railyards proposal