Thursday, September 18, 2014

20,000-seat Stadium Plan

Sacramento Republic's proposed MLS stadium

Sacramento’s soccer franchise, Republic FC, announced plans yesterday to build a 20,000-seat stadium in the city’s downtown railyard.  And how would it be paid for? Questions remain over how the stadium will be financed. Mayor Kevin Johnson has said no city money will be used to help build the facility. Kevin Nagle, the lead investor in the expansion bid has said the Republic FC investor group will have the capacity to pay for the stadium, plus a league expansion fee of at least $70 million. No city money to help build the facility could really mean “city money, but only to help buy the land or provide tax breaks. Will see?
Sacramento Republic's proposed MLS stadium

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