Sacramento Unveils $217M Soccer Stadium with Historic Tribal Ownership, Aiming for 2027
November 7, 2024The stadium will feature a capacity of 12,000 seats and is notably backed by the Wilton Rancheria tribe, making them the first North American tribe to hold majority ownership of a men's professional sports team.
The total estimated cost for the stadium and its surrounding infrastructure is $217 million, with $175 million earmarked for the stadium itself and $42 million for infrastructure development.
Funding for the construction will come from private sources, utilizing property taxes generated from the development to cover infrastructure costs, thus avoiding any impact on the city's general fund.
The chairman of the Wilton Rancheria tribe emphasized that this project honors their heritage while contributing to the future growth of Sacramento.
Negotiations between Republic FC and the Wilton Rancheria tribe have been ongoing for about a year, with the stadium project itself in development for eight years.
Sacramento's media market ranks 20th in the U.S., and the region boasts strong attendance figures in the USL, averaging over 10,000 fans per game.
The stadium's design is flexible, allowing for future expansion to meet Major League Soccer (MLS) standards, with potential capacity exceeding 20,000 seats.
Additionally, plans include transforming the historic Paint Shop building into a 3,600-seat music venue, with funding exceeding $125 million from Downtown Railyards Ventures and a live music promotion company.
Outgoing Mayor Darrell Steinberg remarked that this stadium project represents the most significant boost to downtown Sacramento since the construction of the Golden 1 Center for the Sacramento Kings.
The project is set to be formally presented to the Sacramento City Council on November 12, 2024, with the agreement expected to facilitate the sale of land for the stadium.
Sacramento Republic FC, in collaboration with the mayor's office, has unveiled plans for a new soccer stadium and entertainment district in downtown Sacramento's Railyards, aiming for a 2027 opening.
The broader entertainment district will encompass a hotel, residential areas, restaurants, and mixed-use spaces on a 31-acre site adjacent to the stadium.
Summary based on 1 source
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Source
Sacramento Bee • Nov 7, 2024
Deal struck for Sacramento soccer stadium. Wilton Rancheria now owns majority of Republic FC