Showing articles 1 - 1 of 1 tagged as "8th and l streets"

8th and K hotel plan dropped

Developer Bob Leach withdrew his proposal Tuesday to build a hotel on K Street Mall after financing — including public bond financing from the city — fell through. The city of Sacramento's Redevelopment Agency now must go back to the drawing board by requesting other proposals for the property at 8th and K streets, as well as adjacent property in the 800 block of L Street. "He pulled the plug," Sacramento City Councilmember Kevin McCarty said following Tuesday's City Council meeting. The developers were asking the city to contribute more than $18 million in land and nearly $15 million in tax rebates toward the project. "The city is not in a position to bond to provide permanent financi

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