Video: CalPERS Plays Waiting Game With Vacant Land in Downtown Sacramento

Pension360 has previously covered the undeveloped lot, owned by CalPERS, that sits at Third and Capitol in downtown Sacramento.

It’s the site of a former failure — a condo development that went underwater — but could it also be the site of a future success?

In the video above, CBS further examines the unoccupied land: What are CalPERS’ plans? How long will the fund wait to develop the piece of land that has become a fairly hot property in recent years?

Watch the video for more.

Video credit: CBS

Photo credit: sea turtle via Flickr CC License

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