$47 Million Old Sacramento Waterfront Project Has Been Approved
On Tuesday, December 10, Sacramento City Council voted unanimously to proceed with design and environmental review for the $47 million Old Sacramento Waterfront project.
The City released renderings and descriptions of the three primary projects however the actual design plans have yet to be finalized and could change. However, the current plans include an event deck (The Landing) at the Sacramento History Museum and rebuilding the waterfront docks. Also, the project will transform the Front Street corridor along the waterfront. Furthermore, according to Sacramento Mayor Darrell Steinberg, the project goal is to create a family-friendly environment and a “real destination for nightlife.”
Project Schedule & Funding
The Old Sacramento Waterfront project construction could begin as soon as 2021 and be completed by 2023. Additionally, the Destination Sacramento Program will fund the waterfront project. Further, the program is partly funded through a “transient occupancy tax”, or TOT, which adds a 12 percent tax to hotel-room stays within the city. Furthermore, Mayor Steinberg approved the funding plan after reviewing the City’s budget for the Convention Center remodel. Additionally, hoteliers agreed to self-fund one of the Convention Center ballrooms which alleviated some of the City’s funds.
The California Department of Parks and Recreation (DPR) owns and maintains one-third of the property in Old Sacramento. DPR is also planning to enhance its property including a park along the waterfront, west of the Railroad Museum.
Undoubtedly, this will be an exciting project for Sacramento County residents to see develop.