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What's Going On At The Old Block Buster Building?


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#1 Dave Burrell

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Posted 02 June 2008 - 12:07 PM

This is the strangest thing....

Yesterday as I was going by the old block buster building on Riley near Walmart there were signs for a Book Sale and a bunch of tables and books inside with people buying stuff etc.

Today I went by and its completely empty and no signs anymore

What the heck was that? Did some place rent the building for a day to hold a book sale?

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#2 Darthvader

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Posted 02 June 2008 - 01:04 PM

QUOTE(davburr @ Jun 2 2008, 01:07 PM) View Post
This is the strangest thing....

Yesterday as I was going by the old block buster building on Riley near Walmart there were signs for a Book Sale and a bunch of tables and books inside with people buying stuff etc.

Today I went by and its completely empty and no signs anymore

What the heck was that? Did some place rent the building for a day to hold a book sale?


I don't know but you don't have to look hard to find empty retail space around town. The new center by Winco, empty, new center by the High School, one dentist office rest empty, YET another strip plaza going up on Iron Point towards Oak, gonna be empty. What is the deal? Were all these the end of the city's "development income" that's now gone causing budget crisis?
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#3 Dave Burrell

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Posted 02 June 2008 - 01:29 PM

QUOTE(Darthvader @ Jun 2 2008, 02:04 PM) View Post
I don't know but you don't have to look hard to find empty retail space around town. The new center by Winco, empty, new center by the High School, one dentist office rest empty, YET another strip plaza going up on Iron Point towards Oak, gonna be empty. What is the deal? Were all these the end of the city's "development income" that's now gone causing budget crisis?


I fully agree - there are way too many empty places around. One place that I passed and thought about today was that small strip mall on Glenn and Sibley, it's been there for over a year or so and remains empty to this day.

Why do developers continue to build places that won't lease? are they planning for the future 10 years from now?

This is the only part of Folsom that I don't like is the overzealous developers building too much stuff that never gets occupied. Those buildings by WinCo look really nice, beautiful water falls and landscaping and all but it doesn't look like anything is going in there anytime soon

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#4 MrsTuffPaws

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Posted 02 June 2008 - 02:57 PM

There was a 2-Day book sale supporting families of deployed soldiers, or something like that. They told me that they just got another donation of 1500 books, and are hoping to have another 2-Day sale soon, hopefully the 2nd weekend in July. It will be in the old blockbuster building again, unless it gets rented out by someone. The owner of the building let the fund raisers have it for free.

#5 Dave Burrell

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Posted 02 June 2008 - 03:03 PM

QUOTE(MrsTuffPaws @ Jun 2 2008, 03:57 PM) View Post
There was a 2-Day book sale supporting families of deployed soldiers, or something like that. They told me that they just got another donation of 1500 books, and are hoping to have another 2-Day sale soon, hopefully the 2nd weekend in July. It will be in the old blockbuster building again, unless it gets rented out by someone. The owner of the building let the fund raisers have it for free.


hey thats really cool! Thanks for posting this info

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#6 john

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Posted 02 June 2008 - 03:08 PM

QUOTE(davburr @ Jun 2 2008, 02:29 PM) View Post
I fully agree - there are way too many empty places around. One place that I passed and thought about today was that small strip mall on Glenn and Sibley, it's been there for over a year or so and remains empty to this day.

Why do developers continue to build places that won't lease? are they planning for the future 10 years from now?

This is the only part of Folsom that I don't like is the overzealous developers building too much stuff that never gets occupied. Those buildings by WinCo look really nice, beautiful water falls and landscaping and all but it doesn't look like anything is going in there anytime soon


I think the one at Glenn & Sibley is already going through foreclosure. sad.gif

They are building more in front of Winco too. I guess they are gluttons for punishment!!!


#7 Dave Burrell

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Posted 02 June 2008 - 03:11 PM

QUOTE(john @ Jun 2 2008, 04:08 PM) View Post
I think the one at Glenn & Sibley is already going through foreclosure. sad.gif

They are building more in front of Winco too. I guess they are gluttons for punishment!!!



Good gosh, thats crazy! Do they get some kind of huge tax write off's for these losses?

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#8 stacycam

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Posted 02 June 2008 - 03:13 PM

What I don't like is that all these strip malls are eyesores. I wish there could be a limit on how many strip malls in a city. Oh well.

#9 benning

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Posted 02 June 2008 - 03:23 PM

Well I think they could write an ordinance that says no more new commercial development permits issued until the infill is leased up to x%, and I would totally support something like that, but people would call us commies. But then again, I've been called worse things....

Any of you city insiders out there? Would something like this have any chance at all??
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#10 Revolutionist

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Posted 02 June 2008 - 05:39 PM

QUOTE(benning @ Jun 2 2008, 04:23 PM) View Post
Well I think they could write an ordinance that says no more new commercial development permits issued until the infill is leased up to x%, and I would totally support something like that, but people would call us commies. But then again, I've been called worse things....

Any of you city insiders out there? Would something like this have any chance at all??



They really wouldn't have to do that. The city council could "just say 'no' " for awhile.

I am becoming more and more irritated about how the council is allowing this city to become like Hayward.


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#11 Redone

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Posted 02 June 2008 - 09:29 PM

QUOTE(Revolutionist @ Jun 2 2008, 10:39 PM) View Post
I am becoming more and more irritated about how the council is allowing this city to become like Hayward.


Hayward ?


Yeah, I see what you mean.... Folsom's so Hayward now.

#12 Steve Heard

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Posted 02 June 2008 - 09:43 PM

I don't think the city can do anything to stop them. If the developers own the land, and if they build things that conform to city zoning, use and building codes, the city can't stop them.

Just think if you were a developer. You buy the land and the city tells you you can't build your building, which conforms to the rules.

That's a lawsuit waiting to happen.

This is capitalism at its best. People put their money on the line and take a risk. Sometimes it pays off, sometimes it doesn't.


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#13 Naga Jolokia

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Posted 02 June 2008 - 10:16 PM

QUOTE(john @ Jun 2 2008, 04:08 PM) View Post
I think the one at Glenn & Sibley is already going through foreclosure. sad.gif

A New Store will open in the near future at Glen & Sibley (corner).

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#14 Dave Burrell

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Posted 03 June 2008 - 06:19 AM

QUOTE(Redone @ Jun 2 2008, 10:29 PM) View Post
Hayward ?


Yeah, I see what you mean.... Folsom's so Hayward now.



Actually I was thinking more that Folsom is being turned into Roseville

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#15 benning

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Posted 05 June 2008 - 11:12 AM

QUOTE(stevethedad @ Jun 2 2008, 10:43 PM) View Post
I don't think the city can do anything to stop them. If the developers own the land, and if they build things that conform to city zoning, use and building codes, the city can't stop them.

Just think if you were a developer. You buy the land and the city tells you you can't build your building, which conforms to the rules.

That's a lawsuit waiting to happen.

This is capitalism at its best. People put their money on the line and take a risk. Sometimes it pays off, sometimes it doesn't.

I understand that but many of these new developments require rezoning and special funding deals that the council is willing to bend over for because they're told of all the revenue it will bring...

If it's already zoned that way and they're willing to pay the going rate for development, then fine let them build. But I think that is likely the exception rather than the rule. The land is bought on speculation that with enough lobbying, they should be able to build whatever they'd like.

Unfortunately the General Plan is routinely modified, and never for more open space but for higher densities, etc.

This whole model of relying on development money is biting the city in the butt right now.
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