Petrovich sends press release, price tag for two Woodland parcels now comes to $2,500,100

In an obvious response to the Woodland Record article "Council agenda item fails to reveal another city partnership with Petrovich land" published Monday night, Sacramento developer Paul Petrovich has issued a press release to announce he will sell an up-to-this-point secret 19.1 acre parcel to the City of Woodland for only $100. That brings the total of that parcel and his I-5 onramp parcel purchased by the city last year to $2,500,100.

In the press release published by the Daily Democrat called "$100 for Woodland water intake site" (concocted by the cub reporter Geoff Johnson) Petrovich was quoted: "When I got Gateway rezoned, (the city) required me to reinvest in the downtown. Nobody does that. So I bought the Third and Main property to try and stimulate the downtown, and everybody thinks there's some big thing down there." Third and Main is the location of his proposed multiplex - at the site of the historic Electric Garage building.

However in an April 29, 2007, Daily Democrat article "Ground Broken for Costco and Target in Woodland" about his Gateway I project Petrovich "said that Kirkwood forced him to commit to a downtown component to help offset potential losses. As a result, Petrovich bought the old Shell station site on Main Street just west of the railroad tracks – a $7 million investment, he said – “that will touch off a rebirth of Main Street.” The Shell station was located at Sixth and Main, the site of his failed Rite Aid project that remains vacant.

In the same article it was reported that "Petrovich also bought 155 acres of land on the Sacramento River through the Wildlife Heritage Foundation to make up for Gateway land being developed at I-5 and Road 102."