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Last week, we broke ground on the Sacramento Republic FC stadium – one key piece of the Railyards Project. The 244-acre Railyards Project, the largest urban infill project in the United States, will be a major boon to Sacramento’s economy and community. The Railyards once connected California to the rest of the country and now will connect Sacramento to our future.
In addition to the stadium, the Railyards Project includes…
With this project, we will breathe life into this long vacant site without taking a single cent from the general fund. Already, the Railyards project has led to the development of 495 new housing units, 219 of which are affordable. The project will bring an estimated $325 million in private investments, 13,539 on-site jobs, and $518M in tax increment over 45 years.
We have worked with the developers to reach a fair and transparent financing solution, where the developers pay for the upfront public infrastructure costs and the City reimburses them with revenue generated in the Railyards – revenue that would not exist if not for this innovative project.
The stadium groundbreaking on August 18 also marked a homecoming for Wilton Rancheria, the majority owners of Sac Republic FC. 67 years ago, to the day of the groundbreaking, the California Rancheria Act wrongfully stripped Wilton Rancheria and 40 other Tribes of their federal recognition. With the stadium, the Tribe regains ownership of their ancestral lands on the banks of the Sacramento and American Rivers.
Sacramento has seized an opportunity to recycle an empty plot of land, a vestige of our city’s history, and build a brighter future – a brighter future that uplifts all of Sacramento’s residents.
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