700 leaders and business executives gathered Wednesday morning at the Memorial Auditorium in Sacramento, including New Mayor Darrell Steinberg.
The new Golden 1 Center is an example of the kind project business leaders chose to focus on for this State of Downtown event. Critics have argued that such projects, which promise to infuse new life into what has been a sluggish section of Sacramento's downtown, have been slow to develop. Yes, there are projects in the works, including a new hotel next door to the arena, and some are in the planning stages, but others remain in limbo.
Photograph by John Lobertini, KFBK
City officials are reportedly pleased with the progress of the downtown, as they prod cautious property owners to take a leap and start on new development.
High Rents around K Street and in Midtown are considered by some in the business community as threat to downtown's ability to support new and growing businesses.