Business Journal: Job Center On Hold

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(Sacramento, CA)
Thursday, May 1, 2008
A high-profile development proposed in North Natomas won’t start construction before a flood-related moratorium on new projects goes into effect. The Sacramento Planning Commission recently recommended the approval of the 180-acre development just north of Del Paso Road and east of Interstate 5. But the developer of Commerce Station says he won’t be able to meet the construction deadline, and the $100 million office and retail project will have to sit on the sidelines until levee repairs are completed in 2010. Commerce Station was first proposed in 2005, with about 2.5 million square feet for offices and another 500,000 square feet for retail. But many possible tenants want nearby levees to meet the new 200-year flood protection requirement before leasing space in the center, which is expected to employ about 9,000 people.