Over the past 10 years, the City of Sacramento has supported a number of development projects that have translated into continued reinvestment. For Downtown development, it is determined that for every dollar in public investment spent, over $7 dollars in private investment is leveraged.
Project
Year
Total Project
Public Investment
Estimated Permanent Jobs
Sheraton Hotel
2001
$108,032,000
$8,100,000
400
Fremont Bldg.
2001
$9,183,000
$1,240,000
104
Embassy Suites Hotel
2002
$40,600,000
$440,000
180
East End Lofts
2003
$13,000,000
$3,200,000
120
Pyramid
2003
$4,970,000
$650,000
45
Chops restaurant
2003
$793,000
$90,000
40
Capital Park Homes
2003
$14,000,000
$2,000,000
2
10th and T
2003
$4,200,000
$1,050,000
0
Lucca restaurant
2003
$2,200,000
$250,000
50
Joe's Crab Shack
2003
$5,000,000
$950,000
80
Music Circus
2004
$16,580,000
$1,320,000
0
Ping Yuen
2004
$10,218,000
$3,000,000
2
18th and L mixed use project
2005
$54,750,000
$4,750,000
115
The Park Downtown
2006
$7,000,000
$75,000
130
800 J mixed use project
2006
$52,000,000
$11,400,000
60
Fremont Mews
2006
$22,800,000
$2,000,000
2
St Anton Bldg.
2006
$11,000,000
$1,075,000
30
Cathedral Bldg.
2007
$20,000,000
3,000,000
40
Elks Bldg.
2007
$8,500,000
$1,700,000
80
Ellas restaurant
2007
$4,000,000
$750,000
60
717 K Street - Sun Bldg.
2007
$4,320,000
$650,000
45
REA Bldg. (4th and J streets)
2007
$6,645,000
$3,000,000
14
Cosmopolitan/Cabaret
2008
$17,950,000
$9,750,000
130
Citizen Hotel
2008
$70,200,000
$9,850,000
175
Orleans mixed use project
2008
$14,700,000
$6,000,000
5
Globe Mills housing development
2008
$38,000,000
$1,765,000
3
US Bank Plaza
2008
$130,000,000
$200,000
75
Orleans-1022 restaurant
2009
$2,100,000
$650,000
50
Memorial Auditorium
2009
$5,000,000
$3,053,000
0
Firestone Building (16th and L streets)
2009
$14,000,000
$75,000
130
Ebner/Empire Hotel project
2010
$6,100,000
$3,350,000
10
Docks Promenade extension - Phase 1
2010
$6,812,000
$2,909,000
0
K Street Streetscape/St Rose of Lima Park - Phase 1
2010
$4,500,000
$4,500,000
0
Crocker Museum
2010
$92,000,000
$8,000,000
0
Crest Theater
2010
$373,000
$373,000
25
1012-1022 K Street
2012
$13,000,000
$5,700,000
200
Subtotal
$834,526,000
$106,865,000
2402
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