Sacramento Unveils $217M Soccer Stadium with Historic Tribal Ownership, Aiming for 2027

November 7, 2024
Sacramento Unveils $217M Soccer Stadium with Historic Tribal Ownership, Aiming for 2027
  • The 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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