Can Sacramento support an MLS team and new stadium, financed with no public money?
That's the question being addressed in a feasibility study - the "Critical Mass Report". The first of five steps being taken this year to move us toward an MLS stadium. It's all part of the city's desire to build an attractive entertainment, retail and business venue in Downtown/Midtown. Also known as CBD - Central Business District.
During Downtown Sacramento Partnership's recent exclusive unveiling of the "Indomitable Downtown Report" (AKA the Critical Mass Report) - a privately paid study conducted and presented by Captal PFG of Folsom - guests were given financial projections of the economic impact of a new soccer stadium located at the railyards: And it shows significant potential...
|Future MLS stadium site (to right of water tower)|
Direct construction spending $112,500,000
Indirect construction spending $86,658,863
Total Potential Gross Spending $199,158,863
Direct construction jobs 1,020
Indirect constructions jobs 735
Total Potential construction Jobs 1,755
In total, the report estimates that construction of a stadium will generate $200 million of gross economic activity during the construction phase.
Local agencies will also benefit from the generation of property taxes directly and indirectly from the new stadium. More about that in a future Sactown Urban Update...