The Sacramento City Council on Tuesday voted to accept a $30 million state grant to assist with the redevelopment of The Railyards north of downtown.
The funding was included by Gov. Gavin Newsom in the last state budget at the request of Mayor Darrell Steinberg. It will be used to fund public infrastructure needed to support development in the former railyard, once the largest industrial complex west of the Mississippi.
Specific spending items will be determined by the city as specific development proposals emerge.
“I want to thank Governor Newsom and the state Legislature for agreeing to put $30 million right into the Railyards infrastructure,” said Mayor Darrell Steinberg. “We’ve got a tremendous opportunity to jumpstart real development in the Railyards: housing, including affordable housing, a hospital, entertainment venues, and yes, a stadium.”
Plans for the 240-acre Railyards, being developed by LDK Ventures, include thousands of homes, offices, a new Kaiser hospital, retail and entertainment venues. A new $500 million Sacramento Superior courthouse is now under construction, along with the AJ, a 345-unit housing project that includes 69 units of affordable housing and ground-floor retail.
