Today, commercial property owners along the proposed streetcar line voted yes to support the effort. Passage of the Sacramento Streetcar Community Facilities District (CFD) is an integral step toward completing the federal funding requirements.
“The streetcar project is critical to Sacramento and West Sacramento’s enhanced connectivity,” said Congresswoman Doris Matsui. “I look forward to working with all of the stakeholders to see this project to completion.”
“This is another important step forward in making Sacramento a true destination city,” said Mayor Darrell Steinberg. “Thank you to Congresswoman Matsui, my colleagues at the City, our friends at SACOG, and to all of our partners who have worked to create this exciting new opportunity for our residents and visitors.”
“Our streetcar project is on track to bring new mobility options to Downtown, Midtown, and West Sacramento,” said Councilmember Steve Hansen. “I’m thankful to the area’s property owners for their financial commitment to transit. Onward!”
Passage of the CFD is anticipated to bring in $50 million through a special tax over the next 25 years. In addition, last week, Sacramento Regional Transit Board members agreed to pledge $25 million into the Streetcar’s construction fund.
A funding decision on the federal government match is expected by the end of the year. The City must have a reasonable plan to maintain the system for the next 20 years prior to approval by the federal government to move forward. Passage of the CFD provides proof towards that goal.
The Downtown/Riverfront Streetcar project is a joint effort of the City of Sacramento, the City of West Sacramento, Sacramento Regional Transit, and Yolo Transportation District with the support of the Sacramento Area Council of Governments, the region’s transportation planning agency.