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Article: Uncertainty Puts Downtown San Jose, Calif., Boom-Time Deals on Hold.

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Knight Ridder/Tribune Business News
Article date:
February 5, 2003
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By Kate Folmar, San Jose Mercury News, Calif. Knight Ridder/Tribune Business News

Feb. 5--Time was, the self-proclaimed capital of Silicon Valley, wealthy beyond imagination from the high-tech boom, could afford to dream big.

Just a few short years ago San Jose officials and developers gathered in glass-walled conference rooms to fine-tune a billion-dollar remake of San Jose's downtown-in-progress with visions of a grand hotel, a thousand high-rise condos and block after block of the trendiest shops and cafes.

But last week, San Jose balked at spending a relative pittance -- $3 million -- to help the popular Camera Cinemas expand downtown. ...

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