This reversal came three weeks after the city council voted 6-3 to give approval to the Target center. Since the original decision, the council has been hit with harsh criticism from the public for approving the project, despite the negative effect it would have on the North Natomas Community Plan. Transit officials also complained that it would hinder plans for a new light rail project connecting downtown to the airport.
The developer, E.J. Plesko & Assoc., originally proposed rezoning a 25-acre parcel on Truxel Road to build a 125,000-sf Target store, as well as several smaller stores and restaurants.
The shopping center would be beneficial to the area, according to the developer, because it would bring in sales tax revenues and provide a much-needed shopping area for North Natomas residents.
Transit officials immediately expressed concern to the city council that the project, which would include a large parking lot next to the planned light rail station, would hamper the light rail project by decreasing the area's chances for federal funds.
Finally a compromise agreement was reached at last night's city council meeting. A revised project was recommended, which could include retail, offices and housing that are designed in a way that will not reduce the planned light rail project.
It is up to the developers to come up with an alternate plan that will gain council approval…again.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
