Sacramento To Launch New Bike Lane Design

Sacramento is planning to implement a new street design to protect cyclists without affecting local drivers next year. Called “parking-protected bike lanes”, the approach is aimed at separating the two modes of transportation with the help of a parking lane.

The Sacramento Bee reports:

 

Lyft Launches Black Car Service in Sacramento

Due to increasing demand, Lyft, Inc. has begun offering its luxury service in Sacramento. Based in San Francisco, Lyft is a ride-sharing service which has swept across the United States since its launch in 2012.  Providing stylish “black car” transportation, Lyft’s new Lyft Lux and Lyft Lux SUV services are geared toward businessmen and other formal travelers. According to a Lyft spokesperson, the luxury drivers can earn up to five times the far of a regular Lyft driver.

“We’ve listened to our community and know that there is a need for a more premium ride. Our drivers who have high-end vehicles now have the opportunity to expand earnings and fulfill needs of their passengers,” spokewoman Darcy Nenni wrote in an email.

Lyfts new service will also be launched in numerous other cities across the country. Drivers who participate in the new venture will have to meet strict vehicle requirements: a 2011 or newer model car in excellent condition, black exterior and leather seats, and ratings of at least 4.7 of 5.

Sacramento Business Impacted by New Marijuana Grow Permits

Sacramento has approved 6 commercial grow permits, and dozen of other properties have also applied for permission to grow the plant on their properties. Real estate prices and local businesses are already being affected.

KCRA 3 reports that mall business owners throughout the city are concerned. The permit process has pushed commercial real estate prices up dramatically, and as leases expire, businesses are being forced to look for new locations.

Brian Bendix and his family run one such business. Their American Stripping Company, based in Sacramento, has been in business for over 30 years.  Now that marijuana grow licenses are bolstering the real estate prices in the area, they won’t be able to afford to stay once this year’s lease is up. They, like many other, anticipate having to leave the city to stay afloat.

 

Sacramento Resale Prices Reach Post-Crash High

Prices of homes in Sacramento County have been on the rise, and have recently hit the highest mark since before the crash in 2007.

According to CoreLogic, the average resale price of a family home in the area was $340,500 in July. In August 2005, when housing prices were at their peak, the average price was $374,000, whereas prices in October 2011 dropped as low as $155,000.

The latest increase in prices, which is 10% higher than last summer’s, has been driven by a small market and high demand.

“New home sales were on the rise in Sacramento County, with a 29 percent increase since July 2016,”  CoreLogic reported. “That’s partly the result of a resumption of construction in North Natomas, after federal authorities lifted a de facto building moratorium they’d imposed because of flood risks.”

Some experts believe the new developments in the resale market will make new homes a more viable option for buyers. As a result, housing construction may pick up; a critical improvement to the Sacramento economy.

Sneak Peek into Amazon’s New Sacramento Facility

Amazon has offered a sneak peek into its new Sacramento fulfillment center this week. According to County Supervisor Phil Serna, the construction is moving forward at a quick pace.

“I think it bodes well for the future of the business park and for other property owners here to see that this is not just going to be a very successful operation employing a lot of people, but that Sacramento County is very committed to making sure that the permits necessary to do something like this can be streamlined,” he said.

Sacramento Plans Full-Service Housing Facility for the Local Homeless

Sacramento is pushing ahead a plan to move its homeless off of the streets and into a full-service temporary housing facility. Over the last two years, local homelessness has increased 30%. Sacramento City Councilman Allen Warren has been working toward a solution for months, and calls the current situation “a crisis.”

Mayor Darrell Steinberg added: “This is not just a sobering report, this is a damning report.”

Warren believes action is required now. “Let’s try and get as much done as we can while we’re here,” he says. “Why be complacent?”

His goal is to establish a full-service facility with restrooms, showers and some social services such as medical care. The cost for the project is estimated at $200,000-$300,000, and may not succeed in its mission.

“Is it a risk worth taking?” asks Warren. “Absolutely.”

He intends to move ahead as soon as the end of the summer.

CBS Sacramento reports:

 

$15m Plan to Revive Old Sacramento’s Business Scene

Old Sacramento may be getting a $15 million revamp thanks to riverfront project manager Richard Rich’s plans to boost tourism and local business in the area. In an effort to make a new name for the historic district, Rich proposed a wide range of improvements at a recent City Council meeting, with everything from a new Ferris Wheel or other landmark to upping local artistry and encouraging a new startup scene amongst the upper floors of old buildings.

 

Rich’s vision extends beyond just flashy cosmetic improvements. He stated that he hopes to draw attention to Old Sacramento’s entertainment scene as well as its historical position by restructuring the pedestrian experience, mainly by fixing up the K Street pedestrian tunnel under Interstate 5 and turning it into a dramatic, interactive light show. He also hopes to draw visitors of the California State Railroad Museum into the district by enhancing access to the River, adding barges and building a themed waterpark to entertain both locals and tourists.

 

Downtown Sacramento Partnership executive director Michael Ault believes Rich’s plans “would be a great addition to Old Sacramento and would enhance the entire city.” It will also boost local businesses and attract new companies to the area, doing wonders for the city.