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 Sacramento Kings finished the 2013-14 season with exactly the same record as 2012-2013. But, the team and its fans say it sure feels different.
The City of Sacramento could get as much as a million dollars as the local share of construction-related sales taxes collected for a new arena downtown.
As the demolition date for the portion of the Downtown Plaza where the arena will be built looms, business owners prepare to move or close.
Sacramento's Planning and Design commission have approved plans for the King's downtown arena.
A judge has given Sacramento possession of a former Macy's department store downtown, the last parcel of land needed for the development of a new sports arena.
Final Ruling On Arena Eminent Domain Case Delayed
Wed, Mar 19, 2014
UPDATE -- A judge delayed his final ruling into the eminent domain case that would allow the city of Sacramento to go ahead with its plans for a downtown arena early Wednesday.
Judge Denies Attempt To Move Arena Eminent Domain Case
Tue, Mar 11, 2014
(AP) -- Sacramento's eminent domain lawsuit against the owners of a former Macy's department store downtown will be tried in the city.
A Sacramento County Superior Court Judge has ruled against two groups that sued the Sacramento City Clerk over her decision to keep an arena-funding measure off the June ballot.
Stop Sign Looms For Opponents of Publicly Funded Kings Arena
Fri, Feb 21, 2014
A Sacramento Superior Court Judge has told attorneys he is inclined to rule against two groups suing the City of Sacramento. They are suing over rejected arena-funding petitions.
Mayor Johnson Says Arena Is Key To State Of The City
Wed, Feb 12, 2014
Sacramento Mayor Kevin Johnson delivered his State of the City address with the great majority of it focused on the proposed downtown arena.