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Council approves 35‑year economic participation deal for 7,500‑seat arena, mixed‑use entertainment district at Kilgore Road
Summary
The Rancho Cordova City Council approved a 35‑year economic development participation agreement for a privately financed, sports‑anchored mixed‑use entertainment district near 2875 Kilgore Road that includes a 7,500‑seat arena, at least 640 residential units, hotels, retail and a public plaza.
The Rancho Cordova City Council adopted a resolution approving a 35‑year economic development participation agreement and CEQA exemptions to enable a privately financed mixed‑use entertainment district near 2875 Kilgore Road. The project proposal, put forward by CausePure Development and Alpha 1 Sports Entertainment Group, would be anchored by a 7,500‑seat arena designed for Major Arena Soccer League (MASL) teams and include at least two hotels, a retail/dining district, a public plaza and a minimum of 640 residential units. The motion passed on a roll call vote of 5‑0.
City staff described the EDPA as a shared‑revenue, private‑financing model that dedicates new project‑generated sales tax and transient occupancy tax (TOT) revenue to the project without advancing general‑fund debt. The EDPA establishes a 35‑year term…
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