Around the RegionWednesday, November 4
Rancho Cordova's council approves up to $185 million in help for the Downtown DOVA arena project
The Daily Roseville team
If you follow what's being built around the Sacramento region, Rancho Cordova's City Council voted 4-1 Monday, Nov. 2, to approve the financial agreements for Downtown DOVA, the $1.2 billion project built around a 194,110-square-foot arena. The arena will have about 7,500 fixed seats, Gold Mountain California News Media reports. Mayor Garrett Gatewood said, "This project is going to put us on the map."
The planned arena would be 194,110 square feet
Floor area of the planned arena, beside places you know
3 football fields would fit inside the planned arena
Sources: Folsom Times, Gold Mountain California News Media
View as table
| Floor area | |
|---|---|
| The planned arena | 194,110 sq. ft. |
| A football field | 57,600 sq. ft. (end zones included) |
| A Walmart Supercenter | about 180,000 sq. ft. |
The city estimates the deal could amount to $185 million over 35 years, the Sacramento Bee reports, including tax revenue sharing and about $25 million to $40 million in fee waivers. Abridged says most of the incentives would kick in only after the project is built. Councilmember Joe Little again cast the lone no vote. Developers say construction could begin within 90 days.
Downtown DOVA by the numbers
- $1.2 billion
- for the Downtown DOVA project
- $185 million
- in estimated public participation over 35 years
- 7,500
- seats in the planned arena
- 90 days
- to the developers' target for starting construction
- Site: 28 acres near Kilgore Road and Trade Center Drive
- Arena cost: $175 million to $225 million
- Possible groundbreaking: late January or early February 2027
- Still needed: construction financing and land deal conditions