The City Council approved a $1.2 million loan from the city Housing Authority Tuesday for renovation of one of 10 residential hotels located in downtown Sacramento – a project that will result in 22 studio apartments for low- to very-low-income residents. The four-story, 58-unit Ridgeway Hotel, at 914 12th St., was built in 1921 and renovated in 1987, according to a report from the Sacramento Housing and Redevelopment Agency. “It has been vacant and boarded up for the past several years,” Sacramento Housing and Redevelopment Agency Executive Director La Shelle Dozier said Tuesday. “It was designed in an old style with small units that had to share bathrooms and kitchens. It’s really in n

On Tuesday, August 11, the Sacramento city council will decide whether to give away the half-block from K to L on 8th Street, containing the Bel-Vue Apartments and several other buildings to developers Bob Leach, Mohammed Mohanna and Parkcrest Development. The land was recently purchased by the city from Mohanna at a price of $18.6 million, and the developers are asking not only for free land but several years of tax-free operation. The net cost to the city will be about $34 million, 25% of the total investment for the project, in return for about 10% of the return. The proposed project is a 300-foot luxury hotel at 8th and K and a parking lot on 8th & L where the Bel-Vue stands. The proje