Sacramento City Council Ks sale of Sheraton-Grand
The News Review:
- Sacramento City Council Ks sale of Sheraton-Grand
- Council votes to raise Sacramento parking fines
- Sacramento semiconductor maker KeyEye Communications folds
- Aid pours in after arsonist hits south Sacramento Little League
Sacramento City Council Ks sale of Sheraton-Grand
Sacramento Bee – Mar 26, 2008
com Published Wednesday Mar. 26 2008 The Sacramento City Council approved the $130 million sale Tuesday of its Sheraton Grand Hotel and garage on J Street – along with an unusual agreement to return about $23 million of the city’s profits to the buyers as subsidies for additional downtown projects. Council members voted 8-1 in favor of the sale despite a public admonition by interim city Treasurer Tom Berke that more review is needed particularly given the depressed state of the real estate market. He suggested the city might hold on to the hotel longer and wait for prices to rise. “By all means if the price is fair and if the timing it right let’s do the sale” Berke said. “But why are we rushing into this?” Councilman Kevin McCarty who called Berke the city’s “top fiscal watchdog” cast the only no vote.
Council votes to raise Sacramento parking fines
Sacramento Bee – Mar 26, 2008
26 2008| Page 1B Plunk an insurance quarter in the meter. The Sacramento City Council voted 9-0 Tuesday night to hike the price of most parking tickets. Expired-meter citations will cost $30 up from $25. Passenger-loading violations will be $40 up from $35. And the price of an hour of parking at a meter will go up a quarter – from $1 to $1.
Sacramento semiconductor maker KeyEye Communications folds
Sacramento Bee – Mar 26, 2008
26 2008| Page 5D KeyEye Communications once a red-hot company in Sacramento’s technology sector has flamed out in a tough economic climate that is testing the patience of venture capitalists. “We exhausted all our available funds. The venture capital firms weren’t willing to put in any more” company founder Mike McConnell told The Bee on Tuesday. KeyEye which had received tens of millions in venture capital was developing chips for moving data at 10 gigabits per second using standard copper wire. The idea was attractive to companies running data centers as copper is a much cheaper alternative to fiber-optic wire.
Aid pours in after arsonist hits south Sacramento Little League
Sacramento Bee – Mar 26, 2008
com Published Wednesday Mar. 26 2008 The players of Parkway Little League came out for practice Tuesday afternoon just as youngsters have done for a half-century on the south Sacramento fields. But there was something different this week. An arsonist over the weekend caused heavy damage to the snack shack and league equipment inside. The fire which is still under investigation may have taken away the league’s snack shack but not its spirit – nor the spirit of the community. Not willing to let the players down parents worked all day Tuesday trying to gather support from the community for donations of equipment supplies and labor so that some kind of snack shack would be ready for opening day on April 5.
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