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Innovation Park and Arena Parcel developments noted as potential future school sites; district has set aside funds
Summary
Staff briefed trustees on Innovation Park and the Arena Parcel ("Innovation Park"/"Arena Parcel"), saying the district owns land there, has $5 million set aside for infrastructure obligations and will continue to press planners to secure appropriate school site mitigation as development proceeds.
Doug Orr told trustees the district purchased land in the Innovation Park/Arena Parcel area as part of long‑range planning and that staff have reserved funds to meet infrastructure obligations associated with future development.
Orr said the district owns roughly 12.5 acres at the Arena Parcel and "we have $5,000,000 that we have to keep set aside per contract when we bought the property." He described Innovation Park as a large mixed‑use plan with residential units, a proposed teaching hospital, and commercial space; staff emphasized that even projects labeled "non student generating" have historically generated students in Natomas and that developer fee studies should be treated cautiously. Trustees asked follow‑up questions about land acquisition costs and timing; staff said bond refund allocations and additional planning items will return for board approval.
