Project Financing
The project has been made feasible through multiple layers of public financing including a development ground lease with the CA Department of General Services, a Capitol Area Development Authority loan, tax credits and bonds, and a CA Dept. of Housing and Community Development Transit-Oriented Development (TOD) Program loan.
The project was one of the most competitive TOD Program applicants, for which it was awarded $10 million. The project sponsor also collaborated with SacRT on two companion TOD infrastructure grant applications, which were awarded over $2 million to further the Light Rail Modernization Project at the 13th Street and Archives Plaza stations.