Sacramento’s two-year-old USL Pro minor-league soccer franchise, Republic FC, announced plans yesterday to build a 20,000-seat stadium in the city’s downtown railyard if it’s admitted to MLS. 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. Nagle 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.
Sure, maybe? Larry Kelley, the developer who is planning to build a mixed-use district on the old railyard site, would be part of the Republic FC investment team, so it’s always possible he’d give them a break on the land as a kind of loss leader. Or “no city money to help build the facility” could really mean “city money, but only to help buy the land or provide tax breaks.” Nobody’s saying yet, but hey, pretty pictures!