Saturday, January 16, 2010
Sacramento Intermodal Transportation Facility Event and Art Center
Thomas Enterprises, Inc. has a proposal of a Sacramento Intermodal Transportation Facility (“SITF”) that would make our city proud. To be located just behind the RR Depot after the tracks are moved north, this would be a $500 project that would have key design aspects including visual references to the history of the project site and its significance as the western terminus of the Transcontinental Railroad. Similar architectural design elements would be integrated into the complex like the existing historic Depot, REA building, and Central Shops Historic District. The Arts Center along with the elevated Pedestrian Bridge will serve to link the historic districts and downtown Sacramento as a unique, historic, point of destination with a clear sense of purpose and place for visitors and residents. A parking structure for 1,200 parking spaces would be attached to the SITF building with the intent to distribute parking for the Event Center within a 15 minute stroll, using downtown’s existing 12,000 public and private spaces within that radius.
Their financing strategy includes a public-private partnership (“PPP”) comprised of the City of Sacramento, Thomas together with other partners. The PPP will include the operators of the Community Event Center and the Community Art Center as well as other developers and public entities. It is anticipated that the Sacramento Intermodal Transportation Facility including the Events Center and Arts Center, will be publicly owned. The land to build the SITF is already owned as a PPP and does not require any acquisition costs or significant infrastructure costs.