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SOCCER STADIUM. THE NEW STADIUM SITE COULD BE THE BEGINNING OF A NEW REAL ESTATE RENAISSANCE FOR SACRAMENTO. >> WE EXPECT THE NEW SOCCER STADIUM TO BE A CATALYST FOR DOWNTOWN MUCH LIKE GOLDEN 1 CENTER WAS IT’S ANTICIPATED THAT THERE WILL BE ABOUT 20,000 NEW RESIDENTS COMING INTO THIS PART OF DOWNTOWN. MIKE: NEW HOMES ARE JUST WHAT’S NEEDED IN SACRAMENTO, A CITY WITH A SHORT SUPPLY OF HOUSING. AND LIVING NEAR THE SOCCER STADIUM WILL PRODUCE SOME REAL BENEFITS, ESPECIALLY FOR EXISTING HOMEOWNERS, ACCORDING TO REAL ESTATE APPRAISER RYAN LUNDQUIST. >> IT’S GOING TO BE WALKABLE. THERE’S GOING TO BE SHOPS AND CONVENIENCES, KAISER. I MEAN, SO MANY THINGS THAT ARE GOING TO BOOST VALUE SO FOR THE IMMEDIATE AREA, I THINK IS SOMETHING THAT IS GOING TO BE POSITIVE FOR PROPERTY VALUES. MIKE: AS ENVISIONED, THE NEW STADIUM WILL SEAT 19,000 FANS AND BE A STATE OF THE ART FACILITY, SOMETHING THE CITY OF SACRAMENTO INSISTS UPON. THE SURROUNDING DEVELOPMENT WILL INCLUDE AT LEAST 11 INFRASTRUCTURE IMPROVEMENTS RANGING FROM NEW STREETS TO A NEW LIGHT RAIL STATION. >> THE DEVELOPMENT OF THE RAILYARDS IS THE LARGEST INFILL DEVELOPMENT PROJECT WEST OF THE MISSISSIPPI RIVER. MIKE: MICHAEL AULT OF THE DOWNTOWN SACRAMENTO PARTNERSHIP BELIEVES THE PROJECT WILL GIVE THE CITY NEW MOMENTUM. >> THIS WILL BE A REGIONAL IDENTITY THAT I THINK WILL CHANGE THE WAY PEOPLE ACCESS DOWNTOWN. MIKE: THE DEVELOPMENT OF 244 ACRES OF PRIME REAL ESTATE IN THE RAILYARDS EXPANDS THE DOWNTOWN SKYLINE DRAMATICALLY. AND IT GIVES SACRAMENTO WHAT RYAN LUNDQUIST CALLS A COOL FACTOR. >> AND SO THE COOL FACTOR WOULD BE BEING ABLE TO WALK TO COMMERCIAL PROPERTIES, TO WORK, TO A SOCCER GAME AND TO ALL THE OTHER CONVENIENCES THERE. IT’S BASICALLY TAKING THE VIBE IN MIDTOWN AND EXPANDING IT FURTHER. MIKE: EXPANDING SACRAMENTO’

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The new Major League Soccer stadium site could be the beginning of a real estate renaissance for Sacramento.Sacramento will be the 29th team in league and a formal announcement is expected Monday.With Sacramento becoming the next expansion team, that means the stadium construction and the development of the surrounding area can begin.Sacramento city leaders approved plans in April for an MLS $252 million stadium to be built in the railyards and other development plans for the area. The stadium would be privately funded by the Sacramento Republic FC and Ron Burkle. No taxpayer dollars will be used to build the stadium. The term sheet with the city also includes $33 million in tax refunds, waived fees and administrative costs for the stadium. Here are three things to know about how the new stadium could impact the city:1) How will this change the look and feel of downtown Sacramento? “We expect the new soccer stadium to be a catalyst for downtown much like Golden 1 Center was,” said Tim Murphy, Chief Executive Officer of the Sacramento Regional Builders Exchange. “It's anticipated there will be about 20,000 new residents coming into this part of downtown."New homes are just what’s needed in Sacramento, a city with a short supply of housing. And living near the soccer stadium will produce some real benefits, especially for existing homeowners, according to real estate appraiser Ryan Lundquist.“It's going to be walkable,” Lundquist said. “There's going to be shops and conveniences, Kaiser. I mean so many things that are going to boost value. The immediate area, I think, is something that is going to be positive for property values."Michael Ault, executive director of the Downtown Sacramento Partnership, told KCRA 3, “We've got an opportunity not just with MLS - but through the development of the Railyards - to create almost doubling the size of downtown. “2) How will the stadium serve as a springboard for new development? As envisioned, the new stadium will seat 19,000 fans and be a state-of-the-art facility -- much like the MLS stadium in Orlando, Florida. The surrounding development will include at least 11 infrastructure improvements, ranging from new streets to a new light rail station. It will also include a Kaiser medical campus and hotels. “The development of the railyards is the largest infill project west of the Mississippi River,” Ault said. adding that the project will give the city new momentum. “This will be a regional identity that I think will change the way people access downtown."The development of 244 acres of prime real estate in the railyards will expand the downtown skyline dramatically. It will also give the city what Lundquist calls a “cool factor.”“The cool factor would be able to walk to commercial (properties), to work, to a soccer game and to all the other conveniences there,” he explained. “It's basically taking the vibe in midtown and expanding it further."3) What about jobs?The biggest change will be the addition of up to 10,000 new homes, apartments and condominiums. That means construction jobs will be in demand. “There's going to be a great opportunity for a lot of jobs coming into the railyards,” Murphy said. “Between the building of multi-family housing and all the commercial facilities, we anticipate there would be between 3,000 to 5,000 jobs coming into this region.”

The new Major League Soccer stadium site could be the beginning of a real estate renaissance for Sacramento. Sacramento will be the 29th team in league and a formal announcement is expected Monday. With Sacramento becoming the next expansion team, that means the stadium construction and the development of the surrounding area can begin. Sacramento city leaders approved plans in April for an MLS $252 million stadium to be built in the railyards and other development plans for the area. The stadium would be privately funded by the Sacramento Republic FC and Ron Burkle. No taxpayer dollars will be used to build the stadium. The term sheet with the city also includes $33 million in tax refunds, waived fees and administrative costs for the stadium. Here are three things to know about how the new stadium could impact the city:




Sacramento Republic FC 1) How will this change the look and feel of downtown Sacramento? “We expect the new soccer stadium to be a catalyst for downtown much like Golden 1 Center was,” said Tim Murphy, Chief Executive Officer of the Sacramento Regional Builders Exchange. “It's anticipated there will be about 20,000 new residents coming into this part of downtown." New homes are just what’s needed in Sacramento, a city with a short supply of housing. And living near the soccer stadium will produce some real benefits, especially for existing homeowners, according to real estate appraiser Ryan Lundquist. “It's going to be walkable,” Lundquist said. “There's going to be shops and conveniences, Kaiser. I mean so many things that are going to boost value. The immediate area, I think, is something that is going to be positive for property values." Michael Ault, executive director of the Downtown Sacramento Partnership, said, “We've got an opportunity not just with MLS, but through the development of the railyards, to create almost doubling the size of downtown."

Sacramento Republic FC 2) How will the stadium serve as a springboard for new development? As envisioned, the new stadium will seat 19,000 fans and be a state-of-the-art facility -- much like the MLS stadium in Orlando, Florida. The surrounding development will include at least 11 infrastructure improvements, ranging from new streets to a new light rail station. It will also include a Kaiser medical campus and hotels. “The development of the railyards is the largest infill project west of the Mississippi River,” Ault said. adding that the project will give the city new momentum. “This will be a regional identity that I think will change the way people access downtown." The development of 244 acres of prime real estate in the railyards will expand the downtown skyline dramatically. It will also give the city what Lundquist calls a “cool factor.” “The cool factor would be able to walk to commercial (properties), to work, to a soccer game and to all the other conveniences there,” he explained. “It's basically taking the vibe in midtown and expanding it further."

Sacramento Republic FC 3) What about jobs? The biggest change will be the addition of up to 10,000 new homes, apartments and condominiums. That means construction jobs will be in demand. “There's going to be a great opportunity for a lot of jobs coming into the railyards,” Murphy said. “Between the building of multifamily housing and all the commercial facilities, we anticipate there would be between 3,000 to 5,000 jobs coming into this region.”