Sacramento Stockton Modesto, CA, August 12, 2026 —

The Sacramento City Council has taken a significant step forward in the development of a new Innovation Park in North Natomas. Council members recently advanced a financing plan, referred to as ‘The Natomas Promise,’ which is intended to facilitate the creation of this new district on the site of the former Arco Arena.

The proposed Innovation Park aims to transform the underutilized land into a hub for technological advancement and economic growth. Details regarding the specific types of innovation the park will foster or the projected timeline for its development were not immediately available.

The financing plan, ‘The Natomas Promise,’ is a key component in moving the project forward. While the council has advanced the plan, further details regarding the specifics of the financing, including potential funding sources, bond measures, or public-private partnerships, were not provided in the summary. The exact financial mechanisms and their implications for the city and its residents will likely be subject to future discussion and approval.

The location for the Innovation Park is the former Arco Arena site, a prominent parcel in North Natomas. The development of this area has been a subject of discussion for some time, and this move by the City Council indicates a renewed focus on its potential.

Further information regarding the scope of the Innovation Park, its intended tenants or industries, and the projected economic impact is anticipated as the project progresses through its planning stages. The Sacramento City Council’s advancement of ‘The Natomas Promise’ signifies a commitment to exploring new development opportunities within the city.



Story summarized from the original created by Sierra Krug on fox40.com, see more information here.

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