Sacramento, CA City Council Approves $252M Major League Soccer Stadium

By on April 15, 2019

From Construction Dive: The Sacramento City Council voted unanimously Thursday (April 11) to approve the terms for a $252 million soccer stadium, a move that will help the Sacramento Republic FC and the city meet the requirements for a Major League Soccer expansion award.

Investors and the team would privately finance construction of the stadium, as well as operate and maintain it, and provide new area infrastructure for the stadium property and an adjacent parcel that will be used for ancillary development. The city would reimburse the team for certain infrastructure costs through an Enhanced Infrastructure Financing District; absorb almost $2 million of internal administrative, permitting and inspection costs; and reimburse the team for construction excise and use taxes.

Stadium construction is expected to create between 1,310 and 1,640 jobs, while infrastructure work would generate up to 245. The team would also develop construction internship programs; hire small and disadvantaged workers and subcontractors; provide a community soccer field or futsal court; and allow public access to the park and trail areas around the stadium.

Dive Insight:
Of course, this plan will only come to fruition if the MLS awards Sacramento a franchise. The city of St. Louis, Missouri, is also in the running and several other metros are pursuing a franchise as well.

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