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City could help Kings acquire Macy’s property via eminent domain

The owner of the property on which Macy's men's store sits is refusing to sell. The Kings will ask for the city's aid next week.
By | 0 Comments | Feb 24, 2019

The Bee reports that on Tuesday the Kings will ask the Sacramento City Council to assist in the acquisition of a piece of property in Downtown Plaza where the Macy's men's store sits. That request could include pursuing an eminent domain case, which would likely be tied up in the courts for a while. More likely, this move is intended to force the property owner, New York-based Island Capital, to come back to the negotiating table. (The Bee says the two sides were close to a deal a couple months ago, but Island walked away.)

Meanwhile, Macy's is the tenant and already plans to vacate the site in the fall, moving the men's apparel and furniture to the Macy's women's store at the other end of the Plaza. That Macy's location will remain in place at the Plaza.

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