This made the news last week but it looks like the City has finally agreed on a price with Joe Sun and now can proceed with developing the 700 block of K Street. For the building and the business itself the City will be shelling out almost $6 million. This made for steamy debate here when it first made headlines. The settling price ended up somewhere between what the City was originally offering and what Joe Sun was asking, closer to the City’s original offer. I have yet to be enlightened on why this is how redevelopment has to be done; I have no idea why Joe Sun couldn’t have stayed right there on that block. Wouldn’t a few hundred grand for some new signage and rehabbing on the building have been money well spent? If the city allows developers to buy up blocks won’t we just end up with a ton of big modern looking buildings suited only to being shared by big retailers like Z Gallerie? Also how exactly is this just not going to happen again in 30 years?
The Sac Rag 