It was on Nov. 12 that Sacramento's K Street, the landing place of so many redevelopment dollars, opened again to traffic and great fanfare.

The party came to a screeching halt on Dec. 29, when Governor Jerry Brown was given the judicial green light to use $1 billion in redevelopment funds statewide to close the budget gap.

It's a situation that's left Sacramento mayor Kevin Johnson with caviar dreams for K Street and a Cheez Whiz budget.

"I don't see us taking a step backward from it at this point with K Street. I see a lot of progress," Johnson said in his weekly news conference.

Amid the "Opening Soon" signs on the once blighted street, there are plenty of empty storefronts, bars on windows and even graffiti.

Johnson says now is not the time to give up, even planning with other California mayors, like Antonio Villaraigosa in Los Angeles, to push legislation through the state legislature to re-instate the funds in some form.

"We want to bring back some aspect of redevelopment,” said Johnson. “We don't want to throw the baby out with the bath water."