The City has asked the City Council to approve the use of eminent domain in order to take control of half of the 600 block of K Street that CalPERS owns.
If the Council approves the implementation of eminent domain, Assistant City Manager John Dangberg says the City will ask a court to force CalPERS to turn over control of the property.
"If that is confirmed, the City will gain possession of the site. And in the subsequent months, the determination will be made as to what the fair compensation is. And, that will be a jury trial."
Dangberg says a court hearing would likely be held 60-to-75 days after the City files a motion.
The City Council will be asked to vote on the matter on Tuesday.
The City says the offer Cal PERS rejected in October was based on an independent appraisal. Cal PERS says it is working on solutions that are "in the best interests of everyone involved.
View the City Council document on the topic here.
The Kings development arm has filed plans with the city's planning commission to be heard at next month's commission meeting.
The Sacramento Kings say the "Farm To Fork" movement will be a big part of the meals served at the new arena downtown.
The City of Sacramento wants to build 137 apartments just down the street from the new arena site.
The lanes have shifted on two heavily-used streets in Downtown Sacramento because of the arena project.
Can you judge a city's economy by how much sewage it generates? The City of Sacramento says requests by new businesses for a special sewer line connection credit have already tripled this year compared to all of last year.
People with affiliations to the group Sacramento Taxpayers Opposed to Pork have filed notice they will appeal a judge's decision denying a request for an injunction blocking the downtown arena project.
Arena News: Demolition Of Downtown Plaza Set For Friday
Thu, Jul 31, 2014
Demolition will begin tomorrow for the new downtown Sacramento Kings arena.
Kings Release New Arena Construction Schedule
Wed, Jun 25, 2014
The Sacramento Kings have released an updated work plan for the new downtown Sacramento arena than had been released before.
Arena Opponents Allowed to Amend Lawsuit
Fri, May 23, 2014
A judge has ruled a lawsuit over a non-binding term sheet between the City of Sacramento and the Sacramento Kings is without merit. But, the judge says the plaintiffs may amend the lawsuit to target the recently-approved arena project.
Kings Selling Total Arena Experience In New Downtown Office
Wed, May 21, 2014
A new Sacramento arena hasn't been built yet, but the team is already selling the arena experience in a new office downtown.