City of West Sacramento Enhanced Infrastructure Financing District (EIFD)
In 2017, the City of West Sacramento
became the first city in California to establish an EIFD. The
West Sacramento EIFD encompasses 25%, or 4,144 acres, of the City
of West Sacramento near the City’s Port and waterfront area. At
the time of formation, the West Sacramento EIFD covered 14
subareas that had riverfront mixed-use development, industrial
districts, retail districts, and contained redevelopment areas.
Utilizing tax increment captured above the baseline year of 2016-2017 and remaining Redevelopment funds, the West Sacramento EIFD is funding public facility improvements, economic development near the City’s waterfronts, and housing with the goal of increasing commercial and mixed-use development in this area. With the City being the only taxing entity in the EIFD, the West Sacramento EIFD is projected to generate $535 million, in 2017 dollars, over the course of its life.
Official information on the EIFD can be found at
https://www.cityofwestsacramento.org/business/economic-development/enhanced-infrastructure-financing-districts