Skip to content
CapRadio

CapRadio

signal status listen live donate
listen live donate signal status
listen live donate signal status
  • News
    • topics
    • State Government
    • Environment
    • Health Care
    • Race and Equity
    • Business
    • Arts and Lifestyle
    • Food and Sustainability
    • PolitiFact California
  • Music
    • genres
    • Classical
    • Jazz
    • Eclectic
    • Daily Playlist
  • Programs + Podcasts
    • news
    • Morning Edition
    • All Things Considered
    • Marketplace
    • Insight With Vicki Gonzalez
    • music
    • Acid Jazz
    • At the Opera
    • Classical Music
    • Connections
    • Excellence in Jazz
    • Hey, Listen!
    • K-ZAP on CapRadio
    • Mick Martin's Blues Party
    • Programs A-Z
    • Podcast Directory
  • Schedules
    • News
    • Music
    • ClassicalStream
    • JazzStream
    • Weekly Schedule
    • Daily Playlist
  • Community
    • Events Calendar
    • CapRadio Garden
    • CapRadio Reads
    • Ticket Giveaways
  • Support
    • Evergreen Gift
    • One-Time Gift
    • Corporate Support
    • Vehicle Donation
    • Stock Gift
    • Legacy Gift
    • Endowment Gift
    • Benefits
    • Member FAQ
    • e‑Newsletter
    • Drawing Winners
    • Thank You Gifts
  • About Us
  • Contact Us
  • Close Menu
 We Get Support From:
Become a Supporter 
 We Get Support From:
Become a Supporter 

Sacramento City Council To Consider Up-Front Loan Of $27 Million To Republic FC As Part Of Soccer Stadium Deal

  •  Bob Moffitt 
Friday, November 8, 2019 | Sacramento, CA
Sacramento Republic FC

A rendering for the Sacramento Republic's proposed Major League Soccer stadium in the Downtown Railyards, released April 2, 2019.

Sacramento Republic FC

Sacramento’s new Major League Soccer stadium will be financed mostly with private money. The city’s contribution of approximately $33 million will be in incentives, such as helping pay for new streets and police officers to oversee traffic during games. 

But a revised plan before City Council on Tuesday would instead loan the Republic FC up to $27 million in advance.

The loan though might not be repaid like a typical one; the team will use increased property tax revenues generated by the stadium and proposed nearby development for repayment. 

City leaders say these revenues wouldn't exist without the new projects.

Ben Gumpert, the Republic FC’s president and chief operating officer, noted that the total dollar amount of $33 million from the city hasn’t changed. “That was always the plan,” Gumpert said. “But this way, we bring more cash and capital forward as soon as possible to develop the railyards as quickly as possible.” 

The Republic has said it will likely cost at least a billion dollars to build the stadium and also develop the surrounding 17 acres. 

The Republic scored an MLS franchise last month, and the city approved the framework for a stadium deal earlier this year. 


Follow us for more stories like this

CapRadio provides a trusted source of news because of you.  As a nonprofit organization, donations from people like you sustain the journalism that allows us to discover stories that are important to our audience. If you believe in what we do and support our mission, please donate today.

Donate Today  

    Related Stories

  • Andrew Nixon / Capital Public Radio

    Sacramento Scores Major League Soccer Team As Republic FC Fans Celebrate

    Monday, October 21, 2019
    At a Monday press conference, MLS Commissioner Don Garber and Republic FC owner Ron Burkle announced that the Republic would be the league’s newest expansion franchise.

Bob Moffitt

Former Sacramento Region Reporter

Bob reported on all things northern California and Nevada. His coverage of police technology, local athletes, and the environment has won a regional Associated Press and several Edward R. Murrow awards.  Read Full Bio 

Sign up for ReCap and never miss the top stories

Delivered to your inbox every Friday.

 

Check out a sample ReCap newsletter.

Thanks for subscribing!

Thank you for signing up for the ReCap newsletter! We'll send you an email each Friday with the top stories from CapRadio.

Browse all newsletters

More Stories

AP Photo/Rich Pedroncelli

Let’s make a deal: What to know about the California budget

June 29, 2022

 Patrick T. Fallon/AFP via Getty Images

A California beach was seized from Black owners in 1924. Their family just got it back

June 30, 2022

Photo courtesy of Tevin Tyler and Dylan Maxie

Sacramento’s 2022 Black Graduation is symbolic

July 1, 2022

Most Viewed

One dead, 4 injured in Downtown Sacramento shooting

California coronavirus updates: COVID-19 cases are increasing globally

Abortion is still legal in California. Here are answers to questions about access in the state.

Downtown Sacramento shooting: What we know and latest updates

Still testing positive after day 10? How to decide when to end your COVID isolation

We Get Support From:
Become a Supporter

Most Viewed

One dead, 4 injured in Downtown Sacramento shooting

California coronavirus updates: COVID-19 cases are increasing globally

Abortion is still legal in California. Here are answers to questions about access in the state.

Downtown Sacramento shooting: What we know and latest updates

Still testing positive after day 10? How to decide when to end your COVID isolation

Back to Top

  • CapRadio

    7055 Folsom Boulevard
    Sacramento, CA 95826-2625

    • (916) 278-8900
    • Toll-free (877) 480-5900
    • Email Us
    • Submit a News Tip
  • Contact Us

  • About Us

    • Contact Us / Feedback
    • Coverage
    • Directions
    • Careers & Internships
    • Mission / Vision / Core Values
    • Press
    • Staff Directory
    • Board of Directors
  • Listening Options

    • Mobile App
    • On Air Schedules
    • Smart Speakers
    • Playlist
    • Podcasts
    • RSS
  • Connect With Us

    •  Facebook
    •  Twitter
    •  Instagram
    •  YouTube
  • Donate

  • Listen

  • Newsletters

CapRadio stations are licensed to California State University, Sacramento. © 2022, Capital Public Radio. All Rights Reserved. Privacy Policy | Website Feedback FCC Public Files: KXJZ KKTO KUOP KQNC KXPR KXSR KXJS. For assistance accessing our public files, please call 916-278-8900 or email us.