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Old Posted Apr 3, 2009, 2:13 AM
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innov8 innov8 is offline
Kodachrome
 
Join Date: Feb 2005
Location: livinginurbansac.blogspot
Posts: 5,079
The Jibboom Street Power Station project
Proposed Feb. 2006 and died Oct. 2006
Developer: D.R. Horton
Architect: Mogavero Notestine Associates
Owner: City of Sacramento
# Of Units/Density: Total Units: 203 / Units/Acre: 81
15-story condominium tower
Along the Sacramento River just north of Old Sacramento
Cost to build $130 million
295 condos
400 Parking spaces
1,400 civic amphitheater
Major park component
Subsidy for rehabilitation of Power Station Building
Subsidy for parking structure
City owned amphitheater









The former power plant was built in 1912 and has not been used for nearly
half that time. The building’s oil-fired turbines ran until 1954, when the
facility was closed. Shortly thereafter it reopened as a junk yard. The State
closed the junkyard in 1965 after it acquired the site as part of the
construction of I-5. Cost of renovating the power plant in 2000 was
estimated at $6.5 million and the cost has surly risen since then. The cost
would have been much higher if the State and Federal Government hadn’t
already spent $5.2 million to clean up the former Superfund site. Much of
the money to clean up the site was recouped from former customers of the
junkyard which caused the contamination with lead, copper, zinc and low
levels of polychlorinated biphenyls.



The Library Lofts project
Proposed Feb. 2006 and died Oct. 2006
Developer: D.R. Horton
Architect: Mogavero Notestine Associates
Owner: City of Sacramento
# Of Units/Density: Total Units: 295 / Units/Acre: 227
On I Street between 7th and 8th
21-story condominium tower
Cost to build $120 million
450-space parking garage
295 condos
40,000 sf office space
5,000 sf ground-floor stores.





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