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Saca Defaults On Sacramento Towers Loan


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#16 mylo

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Posted 30 May 2007 - 04:47 PM

QUOTE(Redone @ May 30 2007, 05:23 PM) View Post
As long as SACA does the Folsom In and Out, that's all that matters , right ?

Is THAT what's taking so long?! I need my fix! *twitch*
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#17 DrKoz23

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Posted 30 May 2007 - 05:54 PM

QUOTE(Redone @ May 30 2007, 05:23 PM) View Post
As long as SACA does the Folsom In and Out, that's all that matters , right ?


Maybe they can make it a 54 story In 'N Out!

#18 Jaxx

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Posted 11 June 2007 - 05:15 PM

The whole project is canceled as of today.
No more Sac Towers

#19 DrKoz23

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Posted 11 June 2007 - 05:26 PM

QUOTE(Jaxx @ Jun 11 2007, 06:15 PM) View Post
The whole project is canceled as of today.
No more Sac Towers


CalPERS will announce what they plan on doing with the site some time this week. Probably a well-scaled down development.

Too bad... those towers were quite attractive and would have added a lot to downtown.

#20 mylo

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Posted 11 June 2007 - 05:27 PM

Bummer sad.gif
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#21 DrKoz23

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Posted 11 June 2007 - 05:31 PM

QUOTE(mylo @ Jun 11 2007, 06:27 PM) View Post
Bummer sad.gif


Unfortunately much of Saca's investment money was used on this towers project. Now the In N' Out in Folsom is in serious doubt!







Kidding... just wanted to make mylo a bit nervous about his In N' Out for a second... sorry. tongue.gif

#22 mylo

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Posted 11 June 2007 - 05:51 PM

QUOTE(DrKoz23 @ Jun 11 2007, 06:31 PM) View Post
Kidding... just wanted to make mylo a bit nervous about his In N' Out for a second... sorry. tongue.gif


"Ah, yes, those Gucci extremists and their Prada jihad!" --ducky

#23 Chad Vander Veen

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Posted 12 June 2007 - 06:08 AM

This is sad, Saca really seems to have wanted to make a lasting positive impact on the city. Looks like a combination of bad timing and inexperience got the best of him. I hope the replacement project doesn't suck as much as I assume it will.

#24 DrKoz23

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Posted 12 June 2007 - 02:07 PM

QUOTE(c_vanderveen @ Jun 12 2007, 07:08 AM) View Post
This is sad, Saca really seems to have wanted to make a lasting positive impact on the city. Looks like a combination of bad timing and inexperience got the best of him. I hope the replacement project doesn't suck as much as I assume it will.


Think suckier than than suck... and therefore you will be impressed no matter what is built.




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